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This Thursday (October 29), the US will release the September Personal Consumption Expenditures (PCE) price index. However, since the PCE report will be released after the Federal Reserve
Brent's $115 front month sits $4.6 above January — the $14 spread to WTI is the supply-risk premiumDecember Brent trades at $115.29 while January is $110.71, a $4.58 backwardation. The December Brent-WTI spread is $14.2, versus a $3-5 normal. That gap, not the headline, is where the Middle East supply risk is priced. Here is what the curve says, why the December contract's expiry on October 30 will mechanically cut the headline by $4.6, and the 108.81 neckline that decides the next move.
December Brent trades at $115.29 while January is $110.71, a $4.58 backwardation. The December Brent-WTI spread is $14.2, versus a $3-5 normal. That gap, not the headline, is where the Middle East supply risk is priced. Here is what the curve says, why the December contract's expiry on October 30 will mechanically cut the headline by $4.6, and the 108.81 neckline that decides the next move.
Bitcoin is back above $80,000 — but 75% of the bounce was shorts, not buyersBitcoin trades at $80,669, back above the $80,000 line after touching $79,145 on October 24. But 75.4% of the last 24 hours of futures liquidations were shorts, CME open interest fell 36,545 BTC in October, and spot ETFs lost $773.5 million on October 22-23. Price is up; positioning is down. Here is why the bounce is a squeeze, and the four things that would make it real.
Bitcoin trades at $80,669, back above the $80,000 line after touching $79,145 on October 24. But 75.4% of the last 24 hours of futures liquidations were shorts, CME open interest fell 36,545 BTC in October, and spot ETFs lost $773.5 million on October 22-23. Price is up; positioning is down. Here is why the bounce is a squeeze, and the four things that would make it real.
Gold price (XAU/USD) jumps to around $4,065 during the early Asian session on Wednesday, bolstered by lower oil prices. Traders await the Federal Reserve's (Fed) policy meeting later on Wednesday for signals on the future path of US interest rates.
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NameLatest PriceChangeChange%
EUR/USD1.11554+0.00312+0.28%USD/JPY157.933+0.004+0.00%GBP/USD1.33246+0.00211+0.16%USD/TRY49.76458+0.20767+0.42%USD/CHF0.82831-0.00006-0.01%AUD/CAD0.98746+0.00055+0.06%AUD/CHF0.58440+0.00236+0.41%AUD/JPY111.438+0.506+0.46%AUD/NZD1.25376+0.01766+1.43%AUD/SGD0.90414+0.00443+0.49%AUD/USD0.70558+0.00329+0.47%CAD/CHF0.59176+0.00216+0.37%CAD/JPY112.836+0.444+0.40%CHF/JPY190.650+0.184+0.10%EUR/AUD1.58081-0.00205-0.13%EUR/CAD1.56114-0.00166-0.11%EUR/CHF0.92396+0.00201+0.22%EUR/CZK24.336+0.030+0.12%
Data Source: Trading Central*
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OFFICIAL TRUMP1.69
+0.05 ( +3.05% )
1.69
Gold4061.97
+2.53 ( +0.06% )
4061.97
EUR/USD1.11554
+0.00312 ( +0.28% )
1.11554
WTI102.156
+2.324 ( +2.33% )
102.156
USD/JPY157.933
+0.004 ( +0.00% )
157.933
NAS10029706.8
+65.1 ( +0.22% )
29706.8
AUD/USD0.70558
+0.00329 ( +0.47% )
0.70558
Brent111.00
+1.51 ( +1.38% )
111.00
Bitcoin81306.63
+590.32 ( +0.73% )
81306.63
Silver53.983
-0.404 ( -0.74% )
53.983
GBP/USD1.33246
+0.00211 ( +0.16% )
1.33246
USD/CAD1.39958
-0.00539 ( -0.38% )
1.39958
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