Energy Price Spike Won't Trigger Lasting Inflation, Analysts Say 
Uranium Bull Market Gains Momentum Amid Supply Deficits and Geopolitical Tensions 
Nigeria’s new election law leaves gaps: 5 reforms for free, fair and credible polls 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Wall Street Analysts Weigh in on Latest NFP Data 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
Strait of Hormuz: why even neutral and distant countries like Switzerland can’t escape the fallout 
Urban studies: Doing research when every city is different 
Want to cut your energy bills? Here’s how five experts are doing it 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
We’ve advocated three commodity driven FX trades anticipating upside risks of the underlying crude prices.
- Long a 6m 0.9450-0.9120 AUD put/CAD call spread. Paid 0.74%. Marked at 0.37%.
- We advocate buying USDCAD 1m debit put spreads using strikes 1.2925/1.2150 (at spot ref: 1.2577).
- Aggressive bears, deploy 1m USDCAD ATM -0.49 delta puts as CAD rates recently climbed above USD rates for the first time since 2014, and our USD rates projections can realistically drag the USDCAD to 1.20.
For more details, refer to the below weblinks:
Amidst crude oil bulls are lingering at 3-year highs (refer above chart) as falling U.S. crude supplies provide support, the above trades seem to be performing as the underlying currency pairs are moving in tandem with the energy prices. The U.S. EIA reported in its weekly report yesterday that crude oil inventories dropped by 4.9 million barrels that opens the room for new entrants in these trades.
