This post was originally published on this site.Headlines: Heads up: US bond market closed for Veterans Day as stocks face a hot CPI hangover US futures rally as AI dip buyers return but the bond market has unfinished business Nasdaq Today says: “Fold that short.” USD/JPY knocks on the door of 159.00 again, dollar bulls risk poking the intervention bear Gold dips after Fed’s Waller drops the 50 bps hike bomb and US CPI comes above expectations Gold traders see plenty of drama after US CPI but still no clear winner for now Crude oil rebounds as expectations for an...

This post was originally published on this site.Crude oil has been edging higher recently amid the lack of concrete breakthrough in US-Iran negotiations. Qatar said yesterday that it secured at least two weeks for diplomatic efforts, adding that significant differences remain. So, the expectations for an imminent deal should be repriced and that will likely lead to a rebound in oil prices. Crude oil fell significantly following the US midterm elections on the wrong assumptions that the Republicans’ loss would force Trump to wrap up the Iran war quickly. The reality is that Trump can continue the war without Congress....