The production cuts by OPEC+ are providing a nice backdrop here for higher prices and until we see U.S. production reassert itself, the easier move is higher for oil. Edward Moya More Quotes by Edward Moya More Quotes From Edward Moya Powell's Jackson Hole speech did not mention a mid-cycle adjustment and investors could take that as a hint that he is probably closer to an easing cycle than just seeing a couple of rate cuts. Edward Moya money Powell's speech pretty much cements in only a 25 basis-point cut in September. Edward Moya money Continued yuan depreciation should be expected, albeit in a staggered pace. Beijing is likely to tolerate further weakness and we could see another 5 % before the end of the year, the US is likely to counter the breach of the critical 7 level to the dollar with verbal intervention. Currency wars are taking center stage. Edward Moya top-news Cryptocurrency traders were reinvigorated by Facebook's launch of their own digital coin and momentum appears to be stirring up fresh new investors, bitcoin skeptics are cautious in trying to stop this surge and may look for the next key resistance level which is $15,000. Edward Moya technology As long as we don't see a major build with the DoE crude oil inventories, we could see a clean move higher. Edward Moya business
