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WTI/USD – Crude Dips as CB Consumer Confidence Jumps Above 100

US crude has posted losses on Tuesday. In the North American session, WTI/USD futures are trading at $46.83 per barrel. Brent crude futures are trading at $48.73, as the Brent crude premium has narrowed to $1.90 In economic news, CB Consumer Confidence jumped to 101.4 points, easily beating the forecast. On Wednesday, we’ll get a look at US […]

Long Yen Trade a Problem

Five things the markets are talking about Two days after a ‘hawkish’ Fed in Jackson Hole, the U.S yield curve continues to flatten as the Feds favourite inflation measure stays below U.S policy makers +2% inflation target. Data Monday showed that July’s personal consumption expenditures (PCE) showed no growth in annualized inflation. The core-rate remains […]

WTI/USD – Crude Unchanged at $47, US Consumer Numbers Meet Expectations

US crude has started the week quietly. In Monday’s North American session, WTI/USD futures are trading at $46.85 per barrel. Brent crude futures are trading at $49.10, as the Brent crude premium stands at $2.25. In economic news, Personal Spending gained 0.3%, while Personal Income rose 0.4%, as both indicators matched the forecast. On Tuesday, the US will release […]

NFP: Hyperbole in High Gear

Given the scope for massive short-term volatility, hyperbole is in high gear with everyone discussing Friday’s Non-Farm Payroll. Without question, Jobs Day is always a monthly highlight, but given the Federal, Reserve Boards tilt at Jackson Hole, it plainly appears it will take a big surprise to derail a 2016 Fed Hike expectation at this point. […]

Dollar Squeeze Remains Intact

The initial reaction by investors to Janet Yellen’s speech at Jackson Hole was one of elation, however, the euphoria has been short lived, as markets now adjust to a more “hawkish” FED – equities down, dollar up and treasury yields rallying. The timing of the U.S’s first-rate hike is always going to be an issue, […]

Coin Flip and NFP

AS the Jackson Hole fallout takes shape, it’s clear the Federal Reserve Board was attempting some measure of damage control to repair their failing report card.The Federal Reserve Boards credibility comes under the light time and time again, whether from constant misdirections or divisive policy debates that rage on in the public domain. Afte a […]

Dollar Looks for Support From Yellen

Five things the markets are talking about Capital markets will be fully focused on Fed Chair Yellen’s speech today at Jackson Hole symposium (10am EDT), looking for clues on the timing of the next Fed rate hike. Will they get it? History will say no. Her speech is titled “The Federal Reserve’s Monetary Policy Toolkit” […]

Jackson Hole APAC Breakfast Edition

Jackson Hole APAC Breakfast Edition Today’s focus will clearly be on the Fed Chair Janet Yellen’s speech at Jackson Hole, which is scheduled to be delivered at 10 am EST. According to the Curriculum, the topic is “Designing Resilient Monetary Policy Frameworks for the Future”, which is, in itself, a rather academic-sounding piece and unlikely […]

Is the Fed setting the stage for a lower normal rate horizon?

Five things the markets are talking about Currently, the Fed is saying one thing, but the market is trading on something else. Recent official rhetoric expects a rate increase sometime this year, but the U.S yield curve is not pricing that in at the moment. In fact, the first full +25bp increase is not priced […]

WTI/USD – US Crude Slides as Crude Inventories Jump

US crude has reversed directions on Wednesday and has posted sharp losses. In the North American session, WTI/USD futures are trading at $46.75 per barrel. Brent crude futures are trading at $48.88, as the Brent crude premium has widened to $2.13. In economic news, Crude Oil Inventories surprised the markets with a strong gain of 2.5 […]

WTI/USD – Crude Rebounds to $48 on Sharp Housing Report

US crude has posted gains on Tuesday, reversing directions after sharp losses on Monday. In the North American session, WTI/USD futures are trading at $48.05 per barrel. Brent crude flirted with the $50 level earlier on Tuesday and is currently trading at $49.84. Currently, the Brent premium stands at $1.79. In economic news, the Richmond Manufacturing Index […]

The Waiting Game : Jackson Hole

USDJPY Traders have been reticent overnight with the currency mired in tight ranges. BOJ stimulus talks versus the Fed dovishness outlook: Traders are stuck in limbo, aware that there is some BOJ uncertainty on how they will deal with a strengthening Yen; while the near-term Fed outlook is equally clouded, not the best landscape to […]

Big Dollar Not So Mighty

Five things the markets are talking about With investors reluctant to place large directional bets ahead of the Jackson Hole address by Fed chair Yellen this Friday has asset price moves remaining somewhat contained. Despite this, the ‘mighty’ dollar is beginning to look a tad sicklier ahead of this morning’s U.S open. With the lack […]

WTI/USD – Oil Slides, Markets Eye Yellen Speech

US crude has posted sharp losses on Monday. In the North American session, WTI/USD futures are trading at $47.70 per barrel. Brent crude is trading just shy of the $50 level, at $49.41. Currently, the Brent premium stands at $1.71. In economic news, there are no US releases on the schedule. On Tuesday, we’ll get […]

Rising Yields Melt Silver in Asia

Fridays bond sell-off sends commodities and precious metals lower in Asia. Watch global bond yields ahead of Jackson Hole. Monday mornings at 6 am Singapore can be an emotional time for traders. The fact that many of us are at work then aside! Monday 6 am is a magical witching hour when electronic trading starts […]

Markets Fish For Fed Clues

Five things the markets are talking about Most of the big’ dollars strength has come on the back of a number of ‘bullish’ Fed member comments over the past few sessions. Late last week, Fed members Dudley and Williams both suggested that they would not completely rule out an interest rates hike in September. Last […]

Traders Digest Fed Comments and Eye Oil Rig Data

On a quite Friday, focus will remain on the oil market and the Fed as traders try to dissect the wide ranging views of policy makers in order to anticipate when the next rate hike will actually happen. We had more comments from policy makers on Thursday but once again, there was no consistent messages […]

Week Ahead USD on Retreat Ahead of Central Bank Summit

The Jackson Hole Symposium will focus on how to build monetary policy for the future The U.S. dollar has depreciated across the board after mixed comments from Fed members and the release of the Federal Open Market Committee (FOMC) July minutes showed that even though some members are in favor of a rate hike, they […]

WTI/USD – US Crude Keeps Cruising as US Posts Strong Jobless, Manufacturing Reports

US crude has posted strong gains on Thursday, following five consecutive winning sessions. In the North American session, WTI/USD futures are trading at $48.21 per barrel. Brent crude has pushed above the key $50 level, trading at $50.70 per barrel. Currently, the Brent premium stands at $2.49. In economic news, Philly Fed Manufacturing Index improved to […]

Sterling Bears Feel the Heat After Retail Sales

Five things the markets are talking about It’s not a surprise to see the dollar turning lower post-FOMC minutes yesterday. The Fed’s communiqué illustrated a conflicted outlook for rate hikes; with some Fed members wanting to wait until inflation firms and others saying a rate increase would be warranted. A confusing message should have been […]

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