HedgeTalk – The US Trade Gap Narrows the Most Since 2009

Table of Contents:

1. Market Moving Headlines

2. Economic Calendar – Week of February 12th, 2024

3. Interest Rates

4. Currencies

5. Commodities

6. Quote of the Week

Market Moving Headlines

• US 2023 trade gap narrows the most since 2009.

• US Nat gas prices surpass a 3-year low.

• The number of people claiming unemployment benefits in the US fell by 9,000.

• US consumer credit growth below estimates in December 2023.

• Cocoa futures continued to climb to historical highs to trade around $5,500 per ton.

• Mexico inflation rate up to a 7-month high.

• Canada 10-year bond yield hits a 9-week high.

• Euro rebounds from an over 2-month low.

• The Turkish Lira reaches record lows of 30.6 per USD in February.

• Dutch inflation rate confirmed at a 6-month high.

• India keeps interest rates steady as expected.

Economic Calendar – Week of February 5th, 2024

Interest Rates

Currencies

Commodities

Quote of the Week

“Vision without execution is hallucination.” – Thomas Edison

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