17 September 2024: 16:30 BST
All eyes are on tomorrow’s FED decision on the 25 or 50 bps interest rate cut. In the meantime, iPhone warriors fight in all economic arenas about the size while having zero influence on the outcome. In other words, it is all words and we’re all talkers. But what does 25 or 50 bps mean for markets? If the Fed cuts the full 50 it’d be happy times as the immediate effect is lowering of business and mortgage cost. One could argue this is not bullish, as the FED had to go big. But those are fine details for the bearded pipe smokers. The average Joe will love Powell.
In ‘The Officials’, Onyx Capital Advisory publishes outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by our team of dedicated professionals.
We invite you to read our reports, which will initially be published twice a day, reflecting closing values at 16:30 Singapore time (SGT) and at 16:30 London time (GMT/BST).
For any comments, please reach out to us through the emails provided in the signed documents.
