Natural Gas News: Milder Forecast and Storage Build Pressure Futures to End Week.Natural gas futures fell Friday as a bearish EIA inventory report and warm weather forecasts weighed on prices. Market outlook remains bearish in the short term.
Oil News: Crude Oil Closes Near 50-Day MA as Geopolitical Risks Fuel Bullish Outlook.WTI crude surges as geopolitical risk disrupts Russian supply. Market holds above support with traders watching the 50-day moving average.
Week Ahead: US Data Resumes and Shifting Central Bank Outlooks.Last week will be recalled as the end of the longest government shutdown in US history. Despite the poor optics and disruptions for many, the lasting impact is likely to be marginal though the shutdown may weigh on Q4 economic activity.
US Dollar Forecast: DXY Straddling Key Pivot at 99.306 as October Economic Data Remains Unreleased.DXY struggles for direction near key pivot at 99.306, as delayed U.S. data and cautious Fed signals leave traders sidelined ahead of December's decision.
Weekly Economic & Financial Commentary: Fed on the Fence.A wave of hawkish Federal Reserve commentary casting doubt on a December rate cut provided financial markets news to digest in the absence of any major economic data releases this week.