Good Morning!
Oil is trading at its 6-week high, at levels before the MoU was agreed, while oil products are at their highs, highlighting the lack of an endgame in sight for the war. For now, this doesn't appear to have fuelled panic for risk assets.
We have the ECB’s rate decision tomorrow and the Fed’s next week, both expected with near-certainty to keep rates on hold. The importance lies in the Press conferences on their outlook for the future. Data-wise, Japan’s inflation is expected to tick up, while Germany's manufacturing PMI is expected to continue to grow.
Important Dates
WE CALLED IT
Gasoil
+34%
$915 -> $1230
SOL — Long
+4.4%
$76 → $78AAVE — Long
+8%
$89 → $95
BTC
+100%
Call Spread 70/72SNDK — Long
+15%
$1340 → $1550
WIZARD’S WEEKLY MUSING
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