WTI Oil Technical Outlook: Bears Gaining Strength for a Major Bearish Breakdown

Markets The announcement that Chinese Finance Minister Lan Fo’an will hold a briefing on fiscal policy on Saturday to shore up growth only briefly supported Chinese stocks. They succumbed into the close, ending 6% to 8% lower. Unlike yesterday, this Chinese setback didn’t hurt general risk sentiment. Key European stock markets are currently mixed. US […]

Yesterday’s mix of economic data – which pointed at higher-than-expected inflation and lower-than-expected spending in the US – finally broke the Federal Reserve (Fed) doves’ and the equity bulls’ back for at least a day. US producer price inflation jumped to 0.6% on a monthly basis in February, and to 1.6% on a yearly basis. […]

There are rare moments when the market’s reaction to news leaves me baffled. And today – this week – is one of them. The French government just collapsed, and the composition of the government suggests that whoever replaces Micel Barnier will face the same problems than he did, in a France that became ungovernable. But […]