23 August 2024: 16:30 BST
Oh, what good weekends are made of! Gold, money or oil, or stock markets everywhere!!! All went up. The
power of the FED. Power Powell, we mere mortals, dare we christen you as Midas? We genuflect in awe at
the power to create wealth at the mere utterance of sweet nothings at the podium in Jackson Hole. The
power to electrify anything that requires cheap money. Yes, seriously, a mere sentence or two and wealth is
created, BOOM! ‘The time has come for policy to adjust. The direction of travel is clear, and the timing and
pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks.’ Hey, free
travel if my stocks keep on going up . But there is no free lunch, even in Jackson Hole. More about that.
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.
