BEAR TERRITORY AHEAD

The dollar’s downward trajectory against major currencies is influenced by rate cut speculations, while key economic data this week will further define global interest rate and equity market trends.

OIL BULLS HOPEFUL OF SUPPLY CUT

Oil prices are likely to remain under pressure in the near term due to concerns about worsening demand and ample supply. However, the outcome of the OPEC+ meeting on Sunday could significantly impact market prices.

OIL : RISK PREMIUMS OFF

Some oil traders view the Israel-Gaza conflict as a significant political event that has yet to demonstrate any tangible risks to the oil trade. Applying a daily war premium to oil due to this situation is seen by some as unwarranted.