The impact of the Fed meeting is still being felt in the markets: inflation expectations have crashed (see the Graph of the day) and bond yields have followed, the US 10y falling below 1.4% overnight. The USD continued to strengthen. The EUR/USD pair plunged below 1.19. In parallel, equities plunged as well. This is the whole reflation trade that seems to be called into question.
Crude oil prices eased quite significantly following the French President’s visit to Russia. There was nothing concrete, however, other than Vladimir Putin’s reported promise not…
Join EnergyScan
Get more analysis and data with our Premium subscription