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US Crude Edges Higher as Revised GDP Beats Estimate

US Crude has posted slight gains on Tuesday, reversing the losses which marked the Monday session. US crude futures is trading at $47.24 per barrel in the North American session. Brent Crude is trading at $47.80, as the Brent premium has narrowed to $0.56. On the release front, US Final GDP posted a gain of 1.1%, within […]

US Crude Continues to Drop on Brexit Turmoil

US Crude has posted slight losses on Monday, continuing the downward trend we saw in the Friday session. US crude is trading at $46.34 a barrel in the North American session. Brent Crude is trading at $47.34, for a premium of $1.00. It’s a quiet start to the week, with no major US indicators on the schedule. […]

USD/CAD Loonie Extends Losses as Brexit and Lower Oil Prices Put Downward Pressure

The Canadian dollar is trading lower versus the USD on the first trading session of the week. The volatility felt in the markets since the exit polls started pointing to a Leave win on the EU UK referendum continues as three out of the three main attractions to the European Central Bank (ECB) Forum in […]

Brexit Buries Sterling to New Low

Five things the markets are talking about The U.K vote to leave the EU will obviously dominate the summits of European heads of government and global central bankers this week. Beginning today, central bankers gather for at a three-day meet in Portugal. What many may have considered a boring topic “The Future of the International […]

In or Out, D-Day for Sterling

Five things the markets are talking about The long wait is over. Voting stations are open and U.K citizens go to the polls to decide whether they want to be apart of the E.U or go it alone. In the meantime, investors should expect rumors and whispers to have capital markets on the edge right […]

Oil Rises Further Above $50 on API Report

Oil rose further above $50 a barrel on Wednesday after an industry report showed a large drop in U.S. crude inventories, with analysts expecting volatile trading ahead of Britain’s referendum on EU membership. U.S. crude inventories fell by 5.2 million barrels, the American Petroleum Institute (API) said on Tuesday, far more than analysts expected. Official […]

USD/CAD Loonie Lower as Oil Falls Ahead of Brexit Vote

The Canadian dollar traded lower on Wednesday as voters in the UK prepared for the UK EU referendum and oil prices dropped after inventories in the U.S. did not fall as much as expected. The CAD had recovered some ground after the tide of Brexit seemed to swing to favour the Remain side and risk […]

Oil – Crude Trades Under $50 as USD Recovers

US crude has posted small losses on Tuesday, following gains on the Monday session. WTI Crude is trading at $49.29 in the North American session. Brent crude is trading just above the $50 level, at $50.03, for a premium of $0.72. On the release front, there are no economic releases for a second straight day. […]

WTI Crude Punches Above $49 as Brexit Fears Abate

US crude has posted slight gains on Monday, following strong gains in the Friday session. WTI Crude is trading at $49.14 in the North American session, its highest level in a week. Brent crude is showing the same upward trend, and is trading at $50.13, for a premium of $0.99. On the release front, the […]

Aggressive Risk Rally After U.K Polls

Five things the markets are talking about. With Britain going to the polls Thursday (June 23) to vote on its European Union membership is just one of several significant events this week that could have a massive impact on the ECB. Elsewhere, in Spain a national election could raise further questions about the future of […]

Brexit Negativity Takes A Time Out

Five things the markets are talking about Two themes have dominated proceedings in capital markets this week, first the flight to safety hitting global markets has been particularly acute in Europe, as polls suggesting growing levels of support for Brexit, ahead of the U.K’s June 23 referendum on its European Union membership. Second, central banks […]

US Crude Oil Dips Lower, US CPI Within Expectations

US crude has posted slight losses, continuing the slight downward trend we have seen most of the week. WTI Crude is trading at $46.41 in the North American session, its lowest level in close to a month. Brent crude is trading at $47.21, for a premium of $0.80. On the release front, consumer inflation was within […]

Feds Street Cred Questioned

Five things the markets are talking about Yesterday was not a good day for the Fed’s credibility. U.S policy members did what was expected of them, and not hike rates, but their interpretation of “clarity” going forward is considered disappointing. In her press conference, Ms. Yellen highlighted that ‘Brexit’ was a factor in the Fed’s […]

US Crude Subdued, FOMC Statement Next

US crude is showing little movement, continuing the trend we have seen all week. WTI Crude is trading at $48.39 in the North American session. Brent crude is trading at $49.27, for a premium of $0.88. There was positive news out of the US, as PPI came in at 0.4%, beating the estimate of 0.3%. […]

US Crude Subdued, Markets Eye FOMC Rate Statement

US crude continues to have a quiet week, as WTI Crude is trading at $48.22 in the North American session. Brent crude is trading at $49.67, for a premium of $1.45. On the release front, Core Retail Sales matched the forecast with a gain of 0.4%, while Retail Sales edged above the forecast, climbing 0.5%. On Wednesday, […]

Bund Yields See Red

Five things the markets are talking about Investors continued search for safety is lifting the historical go to currency pairs and gold ($1,280) in overnight trading. The JPY (¥105.73) and the CHF ($0.9640) continue to rise strongly as worries about the possibility of a vote to exit the EU in next week’s U.K. referendum, falling […]

USD/CAD Loonie Lower on Signs of Oil Glut

The Canadian dollar was stable ahead of a busy week. Monday proved to the calm before the storm as few economic releases were released and the USD recovered slightly ahead of tomorrow’s U.S. retail sales data. The CAD will have to wait for Wednesday for supporting data with the release of Canadian manufacturing sales. The […]

APAC Currency Corner – Storm clouds on the horizon

The US Dollar bounced back convincingly after being on the ropes last week, as Federal officials continued to lend support to the Greenback. US employment markets don’t look too bad after the JOLTS report came in higher than expected and the initial jobless claims surprised. Also, the USD was also boosted by safe-haven demand as […]

Brexit Vote Too Close to Call

Five things the markets are talking about There are several critical events taking place over the next two-weeks that will keep capital participants on their toes. This week will be dominated by central bank activity and rhetoric. While next week, the focus is all on the U.K and its Euro membership referendum (June 23). The […]

Week Ahead Fed Rate Decision in Focus

The U.S. Central Bank Expected to Keep Rate Unchanged but Focus on Forecasts Central banks will take the spotlight as the U.S. Federal Reserve, Bank of Japan (BOJ), Bank of England (BoE) and the Swiss National Bank (SNB) will publish monetary policy decisions. The market anticipates no changes across the board, but is expecting some […]

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