check Archives - 0724WRB

2025-06-30 15:35:00 admin

Silver Price Forecast: When Will the Next Rally Begin? Key Catalyst Needed to Break $35.40 Resistance | FXEmpire

Key Points:Traders eye key $35.40 support; a break could trigger a normal correction down to the $32.81 retracement level.Fed rate cut hopes stall silver rally near $35.99 as traders await jobs data for the next breakout catalyst.Silver holds strong gains in 2025 but needs clear catalysts like weaker jobs data to fuel the next rally.Fed Rate Cut Hopes Keep Silver in CheckSilver (XAG/USD) closed last week nearly flat at $35.99, holding most of its strong gains this year but struggling to push hig

2025-06-30 15:04:00 admin

Michigan Consumer Sentiment Jumps to 60.7 as SP500 Nears Record Highs – Market Optimism Grows

Key Points:Index of Consumer Sentiment improved from 52.2 to 60.7.Current Economic Conditions increased from 58.9 to 64.8.Index of Consumer Expectations grew from 47.9 to 58.1.On June 27, 2025, the University of Michigan released the final reading of Michigan Consumer Sentiment report for June. The report indicated that Michigan Consumer Sentiment increased from 52.2 in May to 60.7 in June, compared to analyst forecast of 60.5.More information in our economic calendar.Current Economic Conditions

2025-06-27 18:21:00 admin

WTI Oil Prices Attempt Recovery After 5.8 Million Barrel Crude Inventory Draw Sparks Market Rebound

Key Points:Strategic Petroleum Reserve increased from 402.3 million barrels to 402.5 million barrels. Domestic oil production grew from 13.431 million bpd to 13.435 million bpd. Oil prices try to gain upside momentum after the release of the EIA report. On June 25, 2025, EIA released its Weekly Petroleum Status Report. The report indicated that crude inventories declined by -5.8 million barrels from the previous week, compared to analyst consensus of -0.75 million. At current levels, crude inven

2025-06-27 18:09:00 admin

EIA Reports Larger-Than-Expected Natural Gas Storage Build of 96 Bcf, Surpassing Analyst Forecasts

Key Points:Working gas in storage increased by +96 Bcf from the previous week. At current levels, stocks are +179 Bcf above the five-year average for this time of the year. Weather forecasts point to high demand for natural gas, but rising storage levels may put material pressure on prices. On June 26, 2026, EIA released its Weekly Natural Gas Storage Report. The report indicated that working gas in storage increased by +96 Bcf from the previous week, compared to analyst forecast of +88 Bcf. In

2025-06-06 15:27:00 admin

U.S. ISM Services PMI Falls Below 50, Signaling Contraction as Dollar Hits Session Lows – Key Market Impact

Key Points:ISM Services PMI declined from 51.6 to 49.9.S&P Global Services PMI increased from 50.8 to 53.7.S&P Global Composite PMI improved from 50.6 to 53.On June 4, 2025, the Institute for Supply Management released ISM Services PMI report for May. The report indicated that ISM Services PMI decreased from 51.6 in April to 49.9 in May, compared to analyst forecast of 52. Numbers below 50 show contraction.More information in our economic calendarThe New Orders index decreased from 52.3 in April

2025-06-03 17:08:00 admin

U.S. Natural Gas Storage Surges by 101 Bcf – Beats Market Forecasts and Impacts Energy Prices

Key Points:Working gas in storage increased by +101 Bcf from the previous week. At current levels, stocks are +93 Bcf above the five-year average for this time of the year. Weather forecasts stay bearish. On May 29, 2025, EIA released its Weekly Natural Gas Storage Report. The report indicated that working gas in storage increased by +101 Bcf from the previous week, compared to analyst forecast of +99 Bcf. In the previous week, working gas in storage increased by +120 Bcf.More information in our

2025-06-03 16:57:00 admin

Michigan Consumer Sentiment Holds Steady at 52.2 as SP500 Surges Past 5900 – Market Outlook & Analysis

Key Points:Consumer Sentiment was unchanged at 52.2 in May.Current Economic Conditions declined from 59.8 to 58.9.Index of Consumer Expectations improved from 47.3 to 47.9.On May 30, 2025, the University of Michigan released Michigan Consumer Sentiment report for May. The report indicated that Consumer Sentiment remained unchanged at 52.2, compared to analyst forecast of 51.More information in our economic calendar.Current Economic Conditions decreased from 59.8 in April to 58.9 in May, while In

Tag: check