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July 8th, Goldman Sachs expects the Federal Reserve to cut interest rates in September, three months earlier than previously predicted. The shift reflects some early signs that tariff-related inflation is milder than expected, while anti-inflationary forces - including slower wage growth and weakening demand - are taking shape. David Mericle, the banks chief U.S. economist, estimated the chance of a rate cut in September to be "slightly above" 50%, with 25 basis point cuts expected in September, October and December, and two more cuts in early 2026. Goldman Sachs also lowered its terminal interest rate forecast from 3.5%-3.75% to 3%-3.25%.Samsung Electronics: It is expected that the demand for non-memory chips will gradually recover in the second half of 2025 and losses will be reduced.July 8, an EU diplomat and an EU official said that the United States has proposed a deal to the European Union that would maintain a 10% baseline tariff on all EU goods, except for sensitive industries such as aircraft and spirits. Diplomats stressed that the contours of the trade agreement are still largely a moving target and any agreement needs Trumps approval to move forward. Washington has not indicated that it will exempt politically sensitive industries such as automobiles, steel, aluminum or pharmaceuticals as requested by the EU. However, France, Italy and Ireland may be happy about the tax exemption for spirits and aircraft.Samsung Electronics: Low capacity utilization of non-memory chip business affects profitability.Samsung Electronics: Expected second quarter operating profit of 4.6 trillion won (LESG estimate: 6.2 trillion won).

Look at $81.62 on NYMEX crude oil

Oct 26, 2021 11:01

On Monday (October 11), international oil prices rose, continuing the previous seven-week streak. Due to supply restrictions by major producing countries, and as economies try to recover from the new crown epidemic, demand for fuel continues to grow. NYMEX crude oil looks at US$81.62 in the market outlook

GMT+8 13:36, NYMEX crude oil futures rose 1.95% to 80.90 US dollars / barrel; ICE Brent crude oil futures rose 1.54% to 83.66 US dollars / barrel. The two cities respectively refreshed their highs since October 31, 2014 to US$81.02/barrel and their highs since October 10, 2018 to US$83.80/barrel.


As more people who have been vaccinated get rid of the lockdown, economic recovery is gaining momentum, and coal and natural gas prices have soared, making oil more attractive as a fuel for power generation, driving the oil market higher. The two major crude oil markets have been rising for seven consecutive weeks.

But as US inventories have increased again after the recent decline, oil prices may begin to falter. Caroline Bain, chief commodity analyst at Capital Investment Macros, said in a report: "We believe that crude oil prices will not rise sharply this quarter, and we still expect a gradual decline next year."

On the daily chart, U.S. oil is in an upward ((3)) wave that started from $61.74 and broke through the 23.6% target of $78.37. The upper resistance looks at the $80 mark and the ((3)) wave 38.2% target of 88.66. Dollar.

On the hourly chart, oil prices are in five upward waves starting from 74.97 US dollars, and the upper resistance looks to the 138.2% target of 81.62 US dollars. Wave 5 is a sub-wave of the upward (1) wave that started at $61.74. (1) Waves are the sub-waves of ((3)) waves.

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