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Softer US data eases Fed hike bets; China’s July growth misses across the board, with weak retail and property weighing.
Fed Unlikely to Hike Rates, AI Buildout Props Up the US, SpaceX
US CPI in line, easing rate expectations steepen the curve, while gold rallies and AI investment continues to drive growth.
LATEST REPORTS
A reversal incoming?
This week, we recommend selling the Oct'26 EBOB crack and the Sep/Oct'26 FEI spread....
9 page report
Brent Eased as Novorossiysk Resumes Operations
Novorossiysk resumes after drone disruption; Russia imports Indian gasoline, while China throughput rises but stocks see a major draw.
Power Nap
Naphtha cracks consolidate as East leads; E/W rebounds, while pronap buying strengthens with high-conviction hedger length.
17 page report
Reversal of Fortunes
Sing 92 outperforms EBOB; Sep'26 EBOB crack OI remain above 5-year high; bearish divergence RSI in EBOB cracks
14 page report