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US Crude Subdued, Crude Inventories Jumps

US crude futures are almost unchanged on Wednesday, following losses on Monday and Tuesday. US Crude is trading at $44.12 in the North American session. Brent crude is trading at $45.22, as the Brent premium stands at $1.10. On the release front, Crude Oil Inventories increased to 2.8 million barrels, much higher than the estimate […]

FX5: Dollars Demise Dismissed For Now

Five things the markets are talking about. Trading yesterday was not for the faint of heart. Global markets were shaken by continued weak growth readings in China and Europe coupled with the Reserve Bank of Australia (RBA) surprise decision to lower rates. The various asset price moves were complemented by a significant reversal to the […]

USD/CAD Loonie Falls as Oil Plummets and USD Rebounds

The USD recovered after touching multi-month lows versus majors and investors started taking profits from the oversold dollar position. The Canadian dollar was pushed lower as oil prices tanked with the resurgence of the greenback and more evidence of a split within the Organization of the Petroleum Exporting Countries (OPEC) as Saudi Arabia and Iran […]

At $45 A Barrel, U.S. Producers Rush To Lock In Prices

U.S. oil producers pounced on last month’s 20 percent rally in crude futures to the highest level since November, locking in better prices for their oil by selling future output and securing an additional lifeline for the years-long downturn. The flurry of dealing kicked off when prices pierced $45 per barrel earlier in April. It […]

Dollar Sinks to 11-Month Low

The dollar headed for its lowest close in almost a year as signs of slowing growth in the U.S. dimmed prospects for a Federal Reserve interest-rate increase. Stocks fell and commodities extended gains in their best month since 2010. The U.S. currency weakened against 13 of its 16 major peers, while the yen headed for […]

Oil Price Stable After Some Profit Taking

Oil futures steadied after setting new 2016 highs on Thursday as traders locked in profits, though analysts said supply disruptions, strong investor appetite and a weakening dollar could push prices higher soon. Brent crude futures were trading at $47.21 per barrel at 1329 GMT, up 3 cents from their last settlement and off an earlier […]

US Crude Lower as Crude Inventories Beats Estimate

US crude futures have posted small gains on Wednesday, reversing the upward trend which marked the Tuesday session. US Crude is trading at $44.09 in the North American session. Brent Crude is trading at $45.93, as the Brent premium stands at $1.84. On the release front, today’s highlight is the Federal Reserve’s monthly policy statement. The […]

D-Day For The FED: Now What?

Five things the markets are talking about. The Fed’s two-day conclave ends today with investors eagerly awaiting this afternoon’s statement (no press conference) for any sign of changes in the FOMC’s thinking on rates. Given that Fed officials have shown sensitivity to financial conditions, and that riskier assets such as stocks and high-yield bonds have […]

Oil Rises After Weaker USD and Higher Demand Expectations

Oil prices rose on Tuesday, boosted by a weaker dollar and by expectations that demand could grow quickly enough to match supply this year, although concern over a potential battle for market share between Saudi Arabia and Iran limited gains. Front-month Brent crude futures LCOc1 were up by 59 cents to $45.04 a barrel at […]

Pound Squeeze Continues

Five things the markets are talking about. It tough to get excited about these markets ahead of the FOMC (Wednesday) and BoJ rate (Thursday) announcements this week. Investors prefer to remain non-committed ahead of the meetings, choosing instead to wade to the sidelines and wait for a stronger market signal. The Federal Open Market Committee […]

Caution In FX Ahead Of Rate Announcements

Five things the markets are talking about. This is a big week for capital markets on the Central Bank front. Both the Federal Open Market Committee (FOMC) and the Bank of Japan (BoJ) hold policy meetings. While the Fed is expected to maintain the status quo, Governor Kuroda could ease given the fallout from the […]

US Crude Subdued at $43

US crude futures are steady on Friday, continuing the limited movement which marked the Thursday session. US Crude is trading at $43.30 per barrel in the North American session. Brent crude futures are trading at $44.54, as the Brent premium has narrowed to $1.24. On the release front, there is just one US event on the […]

APAC Currency Corner – Bumpy ride this week

We have a very heavy central bank dominated calendar this week, with the Fed, RBNZ, and BoJ all in action. While most of the focus will centre on possible policy action from the BoJ, traders will be looking for forward guidance from both the Fed and RBNZ. So strap in tight we are likely in […]

US Crude Steady, Jobless Claims Shine

US crude futures are steady on Thursday, trading at $43.21 per barrel in the North American session. Brent crude futures are trading at $45.22, as the Brent premium stands at $2.00. In economic news, Unemployment Claims slid to 245 thousand, well below expectations. However, the Philly Fed Manufacturing Index posted a decline of 1.8 points, much lower […]

Will Draghi Revert to Old Tricks Today

European equity markets are trading a little lower on Thursday while U.S. futures are pointing to a slightly positive open, as traders look towards the ECB press conference for insight into whether the floodgates could open again in the coming months. It’s too early for the central bank to consider further stimulus at this meeting […]

APAC Currency Corner-Rollercoaster

Rollercoaster ride for Aussie A sharp U-turn in WTI oil prices was all it took to send the Aussie spiralling downwards after touching a 10-month peak. Oil prices swung frantically overnight as oil traders played off bullish comments from the International Energy Agency (IEA) which said non-OPEC production would fall this year by the most […]

EUR’s Calm Before The Storm?

Five things the markets are talking about. For the investor, it seems that risk sentiment is to prevail until told otherwise. Capital Markets continue to take its cue from a clear sign of stabilization in the commodity space, while also responding positively to the early reports of the ‘earnings season.’ Both Brent and WTI crude […]

Iran Struggles To Find Ships For Oil Exports

Iran faces a struggle to increase oil exports because many of its tankers are tied up storing crude, some are not seaworthy, and foreign shipowners remain reluctant to carry its cargoes. Tehran is seeking to make up for lost trade to Europe following the lifting of EU sanctions imposed in 2011 and 2012, which deprived […]

FX5: China Sees Red, UK Jobs Disappoint

Five things the markets are talking about Are things beginning to cool down stateside? Yesterday’s data showed that U.S housing starts fell more than expected in March (-8.8% to their lowest level since last October) and permits for future construction hit a one-year low (-7.7%). Nevertheless, the disappointing data could not dent regional bourses rise, […]

US Crude Gains Ground, Pushes Above $41

US crude futures have posted gains on Tuesday, continuing the upward trend which marked the Monday session. US crude is trading at $41.22 per barrel in the North American session. Brent crude futures are trading at $44.08, as the Brent premium stands at $2.86. In economic news, Building Permits and Housing Starts both posted sharp drops […]

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