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On June 16, Paul Eitelman, global chief investment strategist at Russell Investments, said that U.S. Treasury yields are already at an attractive level, with 10-year Treasury yields currently above the agencys estimated fair value. Compared to our fair value estimate of 4.1% for 10-year Treasury bonds, the current U.S. Treasury yield is quite attractive. Russell Investments baseline forecast believes that U.S. economic growth and potential inflation will gradually slow, a trend that will eventually support the Feds resumption of its interest rate cut policy. According to Tradeweb data, U.S. Treasury yields fell last Friday (due to Israels attack on Irans nuclear facilities), and currently all yields are slightly up.June 16, Russell Investments analyst Paul Eitelman pointed out in a report that the Federal Reserve may keep interest rates unchanged throughout the summer due to the impact of tariffs and geopolitical risks. The global chief investment strategist said: "Fed Chairman Powell may continue to be vigilant about the risks posed by tariffs and emerging conflicts in the Middle East." He said that the Fed believes that tariffs will pose a downside risk to the economy, but this weakness has not yet appeared in the data, and inflation has remained stable. Eitelman said: "We expect one, perhaps two rate cuts before the end of this year."Sources: An Air India Boeing 787-8 Dreamliner en route from Hong Kong to Delhi was forced to turn back as the pilot suspected a technical problem in the air.Iranian President Pezerhizzian: We must unite against the genocidal aggression of the Israeli regime.On June 16, local time, Iranian Parliament Speaker Qalibaf said that with the support and connivance of the US government, Israel has committed new crimes against Iran. Iranian people of all nationalities and political positions have now united to fight the enemy. Qalibaf said that a large part of the enemys attacks did not come from external military operations, but were carried out by infiltrators within Iran. It is reported that Iran recently executed a person who was accused of spying for Israeli intelligence agencies.

Weekly Crude Oil Price Prediction - Crude Oil Markets Continue to Fall

Alina Haynes

Aug 08, 2022 12:09

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The West Texas Intermediate Crude Oil price has dropped below the $90 barrier for the second consecutive week. With this in mind, the market appears to be poised for a significant decline. If the price breaks below the bottom of the candlestick, there is the potential for a decline to the $80 level. Granted, this is a very noisy market, but it appears that the pessimism persists. Consequently, I believe we have a situation where we must view this through the lens of a lack of demand, as global markets will begin pricing in a significant downturn. That decreases demand.

 

Brent prices were also quite volatile, falling through the 50 Week Exponential Moving Average. If the price breaks below the bottom of the candlestick, a decline below the $90 level becomes possible. In such a scenario, the market could collapse to $80 in the near future. We just broke through a major trend line, and this negative development has now been reinforced.

 

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Despite the fact that OPEC scarcely increased supply, prices continued to decrease anyway. As a result, you must pay close attention to the markets and what they are attempting to tell you at this time because this demonstrates the level of concern surrounding the man. More often than not, rallies will be sold into, and a collapse below the $90 level could unleash significant selling pressure.

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