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Dollar Charges Higher as Policy Contrast Draws Focus to Fed

Talking Points: Dollar Charges Higher as Policy Contrast Draws Focus to Fed Euro Suffers Biggest Drop in Three Years on Massive ECB QE British Pound: Will 4Q GDP Forecasts Revive BoE Rate Forecasts? Dollar Charges Higher as Policy Contrast Draws Focus to Fed While this past session’s top event risk – the ECB’s stimulus announcement […]

Oil Jumps Higher after Saudi King’s Death

Oil jumped after the death of King Abdullah of Saudi Arabia, the biggest producer in the Organization of Petroleum Exporting Countries. Futures advanced as much as 3.1 percent in New York and 2.6 percent in London after the Saudi Press Agency announced the death, citing a statement from the royal court. Crown Prince Salman bin […]

West TX Oil Steady Around $47 after OPEC Defends Inaction

U.S. crude futures fell more than 1 percent on Thursday, giving up almost half the gains from the previous session, after OPEC defended its decision not to intervene to stop a collapse in oil prices since the middle of last year. NYMEX crude for March delivery was down 50 cents, or 1.05 percent, at $47.28 […]

West TX Oil Around $46 as Rising U.S. Supplies Seen Expanding Glut

Oil traded below $47 a barrel as forecasts for rising U.S. crude stockpiles bolstered speculation that a global glut that spurred a price collapse may persist. Futures were little changed in New York. Crude supplies in the U.S., the world’s biggest oil consumer, probably expanded by 2.4 million barrels last week, according to a Bloomberg […]

Brent Oil at $48 as U.S. Resists Market Intervention

Oil traded below $48 a barrel as the U.S. signaled it won’t intervene in the market even as prices decline. Futures fell as much as 3 percent in New York from the Jan. 16 settlement after floor trading was closed Monday for the Martin Luther King Jr. holiday. The U.S., the world’s biggest oil user, […]

Brent Oil at $49 as Iraq Pumps Crude at Record Pace

Oil declined as Iraq pumped crude at a record pace, with the second-biggest producer in the Organization of Petroleum Exporting Countries planning to boost exports this year. Futures lost as much as 1 percent in New York and 0.9 percent in London. Average Iraqi output is at 4 million barrels a day, Oil Minister Adel […]

Euro and EZ Capital Market Investors Watch Important ECB Court Ruling

Talking Points: Dollar Weighs Growth Forecast Upgrade, FOMC Fodder and Active Counterparts Euro and EZ Capital Market Investors Watch Important ECB Court Ruling Pound Mixed After Headline CPI Hits 15-Year Low Dollar Weighs Growth Forecast Upgrade, FOMC Fodder and Active Counterparts The Dollar struggled for both direction and conviction this past session, but the fundamental […]

Oil continues slide despite record Chinese crude imports

Oil prices tumble again, weighing heavily on the energy sector; More reports of ECB QE supporting European stocks despite plans appearing flawed; Record Chinese crude imports fail to provide any support for oil; UK inflation in focus in quiet day of economic releases. Another sharp decline in oil prices overnight weighed heavily on US energy […]

Price May Make Oil Unviable

If oil prices keep falling, at some point it’s not profitable to pull it out of the ground. But we’re not there yet, according to an analysis of production costs by an energy consulting firm. In fact, even if the Brent price index falls another 20 percent from Friday’s closing price—to $40 a barrel—just 1.6 […]

Brent slips below $50 as Goldman’s slashes forecasts

The week ahead may not have as much to offer as the one just gone when it comes to hard-hitting economic events, but with oil prices already making some significant moves overnight it would take a brave person to bet against these high levels of market volatility continuing. At times last week investors were starting […]

Oil Tankers in High Demand As Consumers Stockpile at Low Prices

The oil glut that wiped $1 trillion off the value of energy producers and roiled currencies is giving tanker owners a reason to be cheerful: Demand for their ships to store that excess is about to surge. Oil traders could park as much crude offshore in the next few months as Denmark consumes every year, […]

Barclays Analysis Says For Every $10 Oil Price Drop Energy Companies Could Lose $2.8 Billion

Dangerous and difficult oil fields that looked like goldmines when crude fetched more than $100 a barrel have turned into money pits as oil crashes to multiyear lows. Collapsing oil prices not only shrink profits for producers and imperil dividend payouts prized by investors, they can cripple a company’s future growth by starving it of […]

Oil prices push back and lead equity recovery

Oil prices again dominated overall market direction over the last 24 hours as a slight rebound in major prices has seen equity markets recover losses incurred earlier in the week. However we are going to need to see much more of a recovery if prices are going to continue to recover, as yesterday only saw […]

USD Strength Persists Post-FOMC Despite Potential Headwinds

Talking Points: EURUSD trades under $1.1780 after seeing $1.1850 post-FOMC. EURGBP backtest of triangle may be complete. See the DailyFX Economic Calendar for Thursday, January 8, 2015. The Fed did little to dissuade US Dollar bulls with the release of its December minutes yesterday, despite developments in markets over the past few months that could […]

Brent breaks below $50 for the first time since May 2009

Brent crude broke through the psychologically significant $50 a barrel this morning at the first time of asking, providing further evidence that traders are not interested in picking bottoms in the oil price collapse just yet, despite it being down more than 56% in a little over six months. This is the first time Brent […]

Dollar Torn Between 19-Month Low Treasury Yields and S&P 500 Tumble

Talking Points: Dollar Torn Between 19-Month Low Treasury Yields and S&P 500 Tumble Euro Can’t Catch a Break as Docket Holds CPI, Jobs, Greece Auction Yen Crosses Suffer Biggest Drop in Over Four Years Dollar Torn Between 19-Month Low Treasury Yields and S&P 500 Tumble The scent of fear hangs heavy in the air. While […]

US Oil Falls Below $50 For First Time since 2009

The US oil price has fallen below the symbolic threshold of $50 a barrel for the first time since April 2009. The price of Brent crude also fell on Monday, dipping more than 6% to trade at below $53 a barrel. The price of both Brent crude and US oil, known as West Texas Intermediate […]

Oil Contango Could Accelerate As Low Prices Forecasted

Brent oil collapsed by 48 percent in 2014, its biggest slide since 2008, as members of the Organization of Petroleum Exporting Countries kept pumping oil amid a global surplus that they say was caused in part by surging crude production from U.S. shale formations. Qatar estimates an oversupply of 2 million barrels a day. The […]

USD Crawls to Fresh Five-Year High as Markets Focus on Rate Contrast

Talking Points: Dollar Crawls to Fresh Five-Year High as Markets Focus on Rate Contrast Euro Finds Too Little Traction, Too Late Yen Crosses Advance after BoJ Downgrades Growth Assessment Dollar Crawls to Fresh Five-Year High as Markets Focus on Rate Contrast A drain in liquidity often translates into a moderation in heavy exposure or one-sided […]

West TX Oil Settles Below $55

Global crude prices fell again on Thursday, a day after a short-covering rally, as traders placed new bets that the market would resume a six-month rout on worries about a supply glut. In early trade, oil extended gains from the previous session, when short-covering lifted prices more than $3 a barrel. But in late morning […]

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