China's Refining Industry Faces Major Shakeup Amid Challenges 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Time to buy local: war fuel price shocks reveal the folly of a long food supply chain 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
2025 Market Outlook: Key January Events to Watch 
God on their side: how the US, Israel and Iran are all using religion to garner support 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Stock Futures Dip as Investors Await Key Payrolls Data 
How the war in Iran is already affecting UK farmers and food production 
Is dark chocolate healthier than milk chocolate? 2 dietitians explain 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
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.
