18 September 2024: 16:30 BST
Today is the day. It’s D-Day for the Fed and our resident macroeconomic enthusiast has been counting down the days like a nine-year-old excitedly opening his advent calendar in the lead up to Christmas. Hey it is money, real money. We all want some of it even if it’s fake recently printed paper money. The 25-50 debate will finally be settled when Power Powell unleashes the full force of the US economy, unshackling it from its restraints. The world needs decisive action from the big dawg. The market seemed nervous today, hesitant to jump for joy at a big cut, as though it was scared to be let down. Yesterday it seemed it was forecasting a nice cut but today the behaviour was desultory. Continuing fall out front the pager blow outs has not impacted the market even though the mighty Houthis have now threatened any Taiwanese ship in addition to those linked to Israel. The world keeps getting gummed up due to military and economic fights. Time to sit down folks and recognize no side can truly win.
In ‘The Officials’, Onyx Capital Advisory publishes outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by our team of dedicated professionals.
We invite you to read our reports, which will initially be published twice a day, reflecting closing values at 16:30 Singapore time (SGT) and at 16:30 London time (GMT/BST).
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