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Softer Dollar, Chinese Data Lands Below Consensus, Urban Unemployment Up

Softer US data eases Fed hike bets; China’s July growth misses across the board, with weak retail and property weighing.
17 August 2026

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.
13 August 2026

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
17 August 2026

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.
17 August 2026

Power Nap

Naphtha cracks consolidate as East leads; E/W rebounds, while pronap buying strengthens with high-conviction hedger length.
17 page report
17 August 2026

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
17 August 2026