OIL: Johan Sverdrup Loadings To Rise To 760k b/d In April

Feb-28 14:53

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Johan Sverdrup loadings to rise to 760k b/d in April, up from 716k b/d in March, according to loadin...

Historical bullets

EQUITY TECHS: (H5) Trend Structure Remains Bullish

Jan-29 14:45
  • RES 4: 6200.00 Round number resistance   
  • RES 3: 6178.75 High Dec 6 and key resistance  
  • RES 2: 6163.75 High Dec 16
  • RES 1: 6162.28 High Jan 24             
  • PRICE: 6083.75 @ 14:34 GMT Jan 29 
  • SUP 1: 6013.75 50-day EMA         
  • SUP 2: 5961.75/5948.00 Low Jan 16 / 27
  • SUP 3: 5943.94 61.8% retracement of the Jan 13 - 24 bull leg
  • SUP 4: 5892.37 76.4% retracement of the Aug 5 - Dec 6 bull leg

The S&P E-Minis contract remains above Monday’s low. Key short-term support to watch lies at 5961.75, the Jan 16 low (pierced). For now, the recent sharp pullback appears corrective, however, a clear breach of 5961.75 would strengthen a bearish threat and signal scope for a deeper retracement, towards 5943.94, a Fibonacci retracement. Key resistance is 6178.75, the Dec 6 high.

BOC: Instant Answers From BOC Rate Decision

Jan-29 14:45

Following are the Instant Answers for the Bank of Canada interest-rate decision Wed:

  • Overnight Rate Target (3.0%, down 25 bps)
  • Does the Bank say it expects a more gradual approach to policy? No
  • Does the Bank say there are two-sided risks from any US tariffs? Yes
  • Does the Bank say that a key effect of US tariffs is likely to boost inflation? Yes
  • Does the Bank say that a key effect of US tariffs is likely to reduce economic growth? Yes

BOC CUTS RATE 25BPS TO 3%, READY TO HELP ADJUST TO TARIFFS

Jan-29 14:45
  • BOC CUTS RATE 25BPS TO 3%, READY TO HELP ADJUST TO TARIFFS
  • BOC ENDING QT AND STARTING GRADUAL REPO PURCHASES IN MARCH
  • BOC TO WEIGH UPWARD AND DOWNWARD CPI PRESSURES FROM ANY TARIFF
  • BOC SAYS TRADE WAR WOULD BADLY HURT OUTPUT, BOOST CPI PRESSURE
  • BOC:CAN'T LEAN AGAINST BOTH WEAKER OUTPUT AND FASTER INFLATION