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Brent Crude – Are We Due a Correction?

Last week, I wrote a piece when Brent crude was testing the July lows and threatening to break below the 89-day simple moving average (Brent Crude – Key Support Coming Under Pressure). Since then the level has broken and we now find ourselves trading around that next major support level.How Brent behaves here could offer […]

Fed Sitting On Fence Hurts Dollar

Five things the markets are talking about Despite being more upbeat than last months message, yesterday’s Federal Open Market Committee (FOMC) announcement has failed to lift the mighty dollar. The Fed’s statement is considered evenly balanced. They acknowledged the strengthening labor market and deemed the “near-term risks to the economic outlook as diminished,” but on […]

Crude Dips Below $42 as Crude Inventories Rise

US crude continues to lose ground this week. In Wednesday’s North American session, WTI/USD futures are trading at $42.25. Brent crude is trading at $43.85, as the Brent premium stands at $1.60. On the release front, US economic indicators were dismal. Core Durable Goods Orders and Durable Goods Orders both posted declines. As well, Pending Homes Sales posted […]

Central Banks to Dictate Next Market Move

Five things the markets are talking about Investors will need to watch this afternoon’s FOMC statement on monetary policy closely. The central bank is not expected to move interest rates this week, but any hints on the likelihood of a future rate rise could move markets. With no press conference scheduled and no new economic […]

WTI/USD – Crude Close to 13-week Lows, US Numbers Sparkle

US crude has posted slight losses on Tuesday, continuing the downward trend which started late last week. In the North American session, WTI/USD futures are trading at $42.85. Brent crude is trading at $44.49, as the Brent premium stands at $1.64. On the release front, US key indicators looked sharp, as CB Consumer Confidence and New […]

Yen Rise Supported By Guesstimates

Five things the markets are talking about. Market volatility is picking up ahead of the Federal Open Market Committee (FOMC) and Bank of Japan (BoJ) decisions later this week. In overnight trading, Australasia markets were especially unsettled with more headlines pertaining to the fiscal/monetary stimulus mix from the BoJ. In Europe, that apprehension is not […]

WTI/USD – Crude Slide Continues as Oversupply Concerns Continue

US crude has dropped sharply on Monday, continuing the downward trend seen late last week. In the North American session, WTI/USD futures are trading at $43.19. Brent crude is trading at $44.80, as the Brent premium stands at $1.59. It’s a quiet start to the trading week, with no US releases on the schedule. On […]

USD/CAD Canadian Dollar Lower as Oil Tumbles

The Canadian dollar started the trading week on the wrong foot after oil futures dropped with the prospect of further drilling in the U.S. to add to the already oversupplied market. With little economic releases this week on the Canada front at the beginning of the week the CAD was exposed to a swing in […]

WTI/USD – Oil Steady at $45 on Strong Housing and Employment Numbers

US crude is almost unchanged in Wednesday trading. In the North American session, WTI/USD futures are trading at $45.41 per barrel. Brent crude is trading at $46.87, as the Brent premium has narrowed to $1.46. On the economic front, US indicators were mostly positive, as Unemployment Claims and Existing Home Sales both beat expectations. However, the Philly […]

Will the ECB show a different hand?

Five things the markets are talking about Nope, not really and that’s the majorities viewpoint. Businesses as usual as Euro policy makers are waiting for more data. However, many believe Euro officials may signal such a move is on the cards at the bank’s September 8th meeting. Expect Draghi to be questioned about Brexit and […]

Brent Crude – Key Support Coming Under Pressure

Brent crude has been grinding lower since coming off its highs at the start of June and most recently has found itself consolidating between the 55 and 89-day simple moving averages. Over the last couple of days, there has once again been some downward pressure on oil which now looks set to test the 89-day […]

Sterling Marches Higher For Now

Five things the markets are talking about Capital markets are on the move despite the waiting game for monetary policy direction from Tier I central banks over the next few weeks (ECB tomorrow). In yesterday’s session, the Dow ended slightly above its record high close for the sixth consecutive day, but the Nasdaq and S&P […]

WTI/USD – US Crude Steady at $45 Ahead of EIA Inventory Report

US crude is showing little movement on Tuesday. In the North American session, WTI/USD futures are trading at $45.01 per barrel. Brent crude is trading at $46.92, as the Brent premium has widened to $1.91. On the release front, it’s a quiet day, with just two events on the schedule.  Building Permits matched the forecast while Housing […]

Central Banks to Dominate Proceedings

Tuesday July 19: Five things the markets are talking about Potential monetary policy decisions are currently dictating market moves, whether its bond yields, currency values or equity prices. The European Central Bank (ECB) meets this Thursday and is expected to leave its policy unchanged. That goes for the Fed too, they meet on July 27. […]

WTI/USD – Crude Edges Lower on Oversupply Worries

US crude prices have posted slight losses to start off the week. In Monday’s North American session, WTI/USD futures are trading at $44.96 per barrel. Brent crude is trading at $46.52, as the Brent premium stands at $1.56. On the release front, it’s a slow start to the week, with just two minor events on the schedule. NAHB […]

USD/CAD Canadian Dollar Lower After Oil Glut Keep Prices Down

The Canadian dollar started the week trading lower against its American counterpart. The failed Coup in Turkey built energy price anxiety that dissipated as the country did not suffer more than a short term shock as the political institutions regained power. The drop in oil prices as the potential disruption of Turkish ports never materialized […]

Oil Bounces, But Glut Persists

Oil prices rallied from sharp losses on Thursday but brokers said the downtrend could resume soon as record-high stocks and worries over slowing economic growth dampened sentiment. Brent crude oil was up 50 cents at $46.76 a barrel by 0745 GMT (03:45 a.m. EDT). U.S. crude was up 60 cents at $45.35. “The oil market […]

Australian Dollar – China Conundrum

Markets have begun to show signs of stabilising overnight. Asia equity futures traded mixed, and the US Benchmark S&P500 closed unchanged.Crude oil initially declined following the latest inventory survey which pointed to a surprising 2.2 million barrel build. However, prices stabilised quickly and  are marching  higher at this morning NYMEX and ICE Futures openThe Australian […]

WTI/USD – US Crude Jumps as OPEC Projects Lower US Oil Production

US crude prices have posted sharp gains on Tuesday, as WTI/USD futures are trading at $46.61 per barrel in the North American session. Brent crude is trading at $48.26, as the Brent premium has widened to $1.65. On the release front, it was a disappointing day for US indicators. JOLTS Job Openings dropped to 5.50 million, […]

Pound Jumps On May

Risk on sentiment continues to thrive across the various asset classes. For a second consecutive session, political clarity and stronger fundamentals are temporarily providing the market with support. There has been no letup from the euphoria of a very strong June non-farm payroll print from last week, while political risks in the U.K, Japan, and […]

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