Today is Thu, July 24, 2014 7:48:17 GMT
RSS Follow Us Follow us on Twitter Friend us on Facebook

British Pound Out of Room and Facing Trial by Event Risk

Talking Points: Dollar Performance Not as Robust as EURUSD Insinuates Euro Tumbles As European Equities Rally British PoundOut of Room and Facing Trial by Event Risk Dollar Performance Not as Robust as EURUSD Insinuates The world’s most liquid currency cross EURUSD made a significant break this past session. Breaking through the 1.3500-floor that kept the […]

West TX down to $102.50 with Risk Premium Intact

U.S. crude fell in early Asian trade on Monday after last week’s gains, but oil’s risk premium on oil is likely remain intact amid geopolitical risks in Gaza and Ukraine. U.S. crude fell 25 cents to $102.88 a barrel at 0031 GMT. The contract had settled down 6 cents on Friday, but finished the week […]

Oil Rebounds After US Inventory Decline

West Texas Intermediate oil advanced from a two-month low as U.S. crude inventories fell. Prices also rose after China’s economic growth exceeded forecasts. U.S. crude stockpiles declined by 4.8 million barrels last week, the American Petroleum Institute was said to have reported yesterday. The Energy Information Administration is projected to report that supplies fell by […]

Oil Falls Impervious to Iraq Crisis

West Texas Intermediate and Brent headed for their third weekly drop as supply risks eased in Libya and Iraq while crude inventories expanded at the U.S. oil hub. Futures slid as much as 0.7 percent in New York and are poised for the longest run of weekly declines since November. Libya’s supply gained as the […]

Dollar Torn Between Revived Volatility and Fading Rate Forecasts

Talking Points: Dollar Torn Between Revived Volatility and Fading Rate Forecasts Euro’s Troubles Build as Sovereign and Financial Stability Concerns Revived British Pound: Hike Hopes Face True Test Next Week on CPI, Jobs Dollar Torn Between Revived Volatility and Fading Rate Forecasts Once again, the Dollar’s two primary fundamental guide-lines were pulling the currency in […]

West TX Oil Near $102 on Gasoline Supply

West Texas Intermediate fell for a 10th day, the longest losing streak on record, after government data showed U.S. gasoline stockpiles expanded amid reduced demand in the world’s biggest oil user. Brent dropped in London. Futures declined as much as 0.6 percent in New York. Gasoline inventories increased by 579,000 barrels last week as a […]

Dollar Drops Despite a Rise in Volatility, Fed Forecast Standoff

Talking Points: Dollar Drops Despite a Rise in Volatility, Fed Forecast Standoff Euro Traders Start to Feel Rumbles in Financial System, Greece Again British Pound May not Have Been Cowed by Data but Yields Were Dollar Drops Despite a Rise in Volatility, Fed Forecast Standoff Forex traders are taking a pessimistic view of the US […]

Brent crude pulls back to major support level

The price of Brent Crude has been normalising over recent weeks following the growing feeling that any potential losses in Iraqi output will be compensated by the opening of a long closed Libyan port. This has led to a profound unravelling of the sharp price increases seen following the initial days of the ISIS insurgency […]

Oil Falls After Libyan Rebels Reopen Ports

Brent crude fell to its lowest intraday level in almost three weeks as rebels in eastern Libya said two oil ports they have held for a year, including the country’s biggest, are free to reopen. West Texas Intermediate slipped before U.S. supply data. Futures declined as much as 0.7 percent in London to $111.54 a […]

West TX Oil Below $106 Before Supply Data

West Texas Intermediate crude traded near the lowest price in almost three weeks before stockpile data that may signal the strength of fuel demand in the U.S., the world’s biggest oil consumer. Brent was steady in London. Futures were little changed in New York after declining 3 cents yesterday. U.S. crude inventories probably fell last […]

Dollar Positioned Above Critical Support

Talking Points: Dollar Positioned Above Critical Support Euro Wins Break Versus Dollar, Appetite More Speculative British Pound Scales Highest Level Since 2008 Dollar Positioned Above Critical Support There were a few high profile technical breaks against the US Dollar through the opening trading session of the week. Both EURUSD and GBPUSD broke recent resistance in […]

Top Trade Idea For July 1st, 2014 –Crude OIL

Price on crude oil has turned bullish in May and based on some strong reactions in the last two months with a clear direction we suspect that market is forming an impulsive recovery. Impulses are five wave patterns, so until we get five waves we will look for higher levels. Well, on the 4h chart […]

Emerging Markets Biggest Losers of High Oil Prices

No matter how hard residents of Hungary, the Czech Republic and Turkey work, they won’t strike oil. Nor will those in the Philippines, India and Thailand. They’ll be the biggest losers if this month’s spike in crude prices is extended, say UBS AG economists Larry Hatheway and Andrew Cates. Oil is again providing an obstacle […]

West TX Oil down at $106.35 on Weak Economic Data

U.S. crude oil futures fell towards $105 a barrel in early Asian trade on Friday on the back of profit taking and weaker-than-expected U.S. economic data. U.S. crude for August delivery fell 16 cents to $105.68 by 0045 GMT after dropping 66 cents to $105.84 in the previous session, the lowest settlement since June 11. […]

Dollar: The Fed’s Favored Inflation Reading Due

Talking Points: Dollar: The Fed’s Favored Inflation Reading Due British Pound at Risk of Retreat if BoE Makes Moves on Financial Stability Yen Crosses Weigh CPI Impact on QE Hopes Versus Influence of Risk Trends Dollar: The Fed’s Favored Inflation Reading Due As quickly as the Dollar’s gains were tallied, they were quickly retraced this […]

British Pound Traders Await Carney’s Testimony on Forward Guidance

Talking Points: Dollar Slumps Despite ‘Academic’ Improvement in Data British Pound Traders Await Carney’s Testimony on Forward Guidance Euro Slips as PMI Figures Reflect More Reason for Stimulus Dollar Slumps Despite ‘Academic’ Improvement in Data There is frequently a difference between how the textbooks say specific fundamental developments should impact the market and how the […]

Analyst Say Oil Traders Too Complacent on Iraq

Oil traders are too complacent about the longer-term threat of the escalating violence in Iraq, banks from Citigroup Inc. to Bank of America Corp. said. Brent oil for August delivery rose 5 percent this month on the ICE Futures Europe exchange in London, a third more than the gain in crude for the end of […]

West TX Oil Touches $108 on Escalating Iraq Violence

West Texas Intermediate rose for a third day and Brent gained as militants in Iraq seized more territory and President Barack Obama warned that the crisis may spill over into other countries. August futures climbed as much as 0.6 percent in New York. Fighters from the Islamic State in Iraq and the Levant took control […]

Dollar Breakout Risk High on Fed, But a Trend ?

Talking Points: Dollar Breakout Risk High on Fed, But a Trend? British Pound Undeterred in Rate Hike Hopes After CPI Euro Can Sink Further as Rates Drop – Especially if Fed Holds Course Dollar Breakout Risk High on Fed, But a Trend? Between narrow trading ranges for the dollar-backed majors and the impending FOMC rate […]

West TX Oil Steady Around $107 on Iraq Unrest

U.S. crude oil futures rose in early Asian trade on Wednesday, as tension in Iraq cast doubt on the OPEC member’s oil growth targets and U.S. crude stocks fell more than expected. U.S. July crude gained 20 cents to $106.56 a barrel as of 0010 GMT after it ended 54 cents down at $106.36 a […]

Powered by DayLife

Complete Calendar
ArabicChinese (Simplified)EnglishGermanItalianJapaneseRussianSpanish