Asia-Pacific Markets Set to Open Lower After Trump's Attack on Fed Chair Sends Wall Street Tumbling

CNBCApr 22 08:02

The US dollar plummets, Emerging Markets make a strong comeback: the Thai baht and Jilin soar, and the Indian stock market rises for five consecutive days!

After experiencing the largest weekly gain in six weeks last week, the Emerging Markets MMF Index continued to rise this Monday, with the Thai baht and Malaysian ringgit performing strongly, both up by 1% in a single day. Over the past month, the Thai baht has appreciated 3.2% against the US dollar, showing significant upward momentum. The India Nifty 50 Index's five-day gain (5.99%) has reached its highest record since February 2021.

wallstreetcnApr 21 20:49

The oil market is trapped in a "continuous cut" mode: endless expectations and ongoing downward adjustments.

The oil market is experiencing a collapse of confidence. Major Institutions are continuously lowering their forecasts, and all signals are telling the market: it is not yet at the bottom.

Golden10 DataApr 18 12:12

The Strategic Petroleum Reserve inventories have increased for the 6th consecutive week! Is the USA buying Crude Oil Product at Low Stock Price?

As of the week ending April 11, the commercial Crude Oil Product inventory in the USA, excluding the strategic reserve, is the highest since the week of July 5, 2024, with an increase of 0.515 million barrels to 0.443 billion barrels, a growth rate of 0.12%.

Golden10 DataApr 16 22:42

IEA follows OPEC: global oil demand and supply growth in the USA will slow down!

The International Energy Agency has lowered its Crude Oil Product demand expectations, leading to a 13% drop in oil prices that could trigger a financial crisis for oil-producing countries. The prosperity of Shale Oil in the USA may come to an abrupt halt.

Golden10 DataApr 15 20:21

Under the shadow of the trade war, OPEC significantly lowered its forecast for Crude Oil Product demand over the next two years.

OPEC has lowered its oil demand growth forecasts for 2025 and 2026 by more than 0.1 million barrels per day, with expected demand growth for both years at 1.3 million barrels per day. Previously, the US Energy Information Administration (EIA) significantly reduced its 2025 growth forecast by 30% to 0.9 million barrels per day, while Goldman Sachs expects consumer growth to be only 0.5 million barrels per day. The International Energy Agency (IEA) will release its crude oil monthly report on Tuesday.

wallstreetcnApr 14 22:06