Archives of “September 28, 2021” dayrss
It’s been a quick move from 1.30%
Highlights of OPEC’s World Oil Outlook
- Sees world oil demand rising by 1.7 mbpd in 2023 to 101.6 mbpd as world recovers from pandemic
- Projects global oil demand will plateau after 2030
- Sees US shale oil output peaking around 2030
- There is the potential for further volatility and a supply shortfall if necessary oil industry investments are not made
- Sees 2030 demand at 106.6 vs 107.2mbpd in last year’s forecast
Comments from Bullard
- Calls for balance sheet to begin declining as soon as bond purchases end
- The Fed is showing commitment to higher inflation framework but now risks overachieving with inflation too high for too long
- ‘Robust’ expansion to continue through 2022
- At this point, it would take ‘a very large shock’ to throw off start of taper
- Policy normalization can move faster than 2007-09 given the speed of the recovery
Bullard is slowly turning into a major hawk. What’s scary about him is that he will often shoot from the hip and isn’t scared of roiling markets with a comment, so it will be a small headwind every time he talks. That said, the market largely stopped paying attention to Bullard a long time ago.
GBP/USD falls below 1.3600 for the first time since 21 July
The worries are mounting for the UK economy amid the latest fuel shortage and energy crisis, bringing about risks of stagflation. That means we might actually get to see the BOE hike rates sooner rather than later as we approach year-end.
Starting up trading with no experience is not without its difficulties, especially during this challenging time. It takes a lot of time, effort, and knowledge to make it work.
How you fare at trading depends on how you ruminate on trading, what sort of profits/returns you are looking at, and how much risk you are willing to take.
Consequently, you can devise your own strategies and goals, and achieve them to make the most optimal profits.
Traders who want to start their first trading will be glad to learn there are a variety of styles and strategies tailored for certain personalities. Here are a few trading styles you can experiment with based on your personality:
1. Day Trading
This type of trader focuses primarily on starting and completing tasks on the same day. That’s you if you prefer taking one trade a day and closing it before the day ends even if that means staying up until late at night.
Generally, day trading is classified as a short-term trading style due to its nature – the intention of gaining returns from small price movements.
You might be apt for the day trading style if you are persistent. A strong day trader is persistent as they like sticking to a certain style/strategy when it works for them.
Discipline – day traders can manage their plan of how they approach their trading and what they do during market hours. They have a strict schedule to follow every single day without fail.
Also, it is important for day traders to be sharp as day trading is known as the game of minutes. Traders can’t afford to be pensive or apprehensive as they must act quickly when they see the opportunity.
2. Position Trading
A position trader specializes in having a long-term outlook even it means days, months, or years. Thus, it is known as a long-term strategy mainly focused on fundamentals however, technical principles may come in handy as well.
If you lean more on position trading, ensure to comprehend how economic factors can affect markets and thorough technical understanding, is super important in predicting trading plans.
Patience is a virtue for position traders as they won’t make short term profits and you need to be extremely patient to achieve your profit goals. It is best suited for those who have already have a full-time job and not wanting to be worried about price fluctuations every single day. The goal for this trader is to make profits in a long run. That means you enjoy more delayed gratification over instant gratifications. (more…)
Via Bloomberg comes this from oil firm BP, in brief:
- expects global oil consumption will return to pre-pandemic levels in Q3 2022
- Asia persisting as the centre for oil-product demand growth
- 2022 oil demand expected average gain of 3.8 m bpd y/y v (down from 2021 at 5.4 m bpd)
On the supply side of the ledger:
- global oil output growth will probably exceed consumption in 2022
- OPEC+ and US producers will add more output