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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 […]

Gold Rebounds as BoJ, ECB Eye Further Easing

Gold has rebounded on Thursday with gains, erasing most of the losses sustained in the Wednesday session. In the North American session, the metal is trading at a spot price of $1329.35 per ounce. On the release front, it was a busy day and US indicators were mostly positive. Unemployment Claims and Existing Home Sales both beat […]

Lots of Noise But Lacking in Direction

JPY- Kuroda Corrodes Just when the JPY bears were showing some swagger, Bank ofJapan Kuroda squashed markets hopes for “helicopter money”, well at least he did in mid-June when a BBC 4 interview took place. The USdJPY was sitting comfortable perched above 107 before plummeting to 105.50 on the old comments. While the move may […]

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 […]

Gold Slips to New July Low on Renewed Hopes for Fed Hike

Gold has recorded considerable losses on Wednesday. In the North American session, the metal is trading at a spot price of $1319.05 per ounce. On the release front, it’s a very light day, with just one event on the schedule – Crude Oil Inventories. The indicator posted a decline of 2.3 million, well off the estimate […]

USD/CNH Provides Excitement, Stocks Higher Again

A  quiet day in Asia for G10 with only USD/CNH providing some excitement. Stocks continue their march higher ahead of central banks and expected China easing.  Asia G10 FX A generally range bound day for currencies in Asia with AUD, EURO and USDJPY trading around their mid-range points of 0.7500, 1.1000 and 106.00 respectively. NZD […]

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 […]

Gold Remains Subdued, Markets Eye ECB Meeting

Gold continues to have an uneventful week. In Tuesday’s North American session, the metal has inched upwards and is trading at a spot price of $1332.54 per ounce. It’s a quiet day on the economic front, with the schedule comprised of two construction indicators. Building Permits matched the forecast at 1.17 million while Housing Starts was […]

The Central Bank Waiting Game

The Central Bank waiting game is taking hold of the G-10 complex as Investors nervously contemplate their pending decisions while mindfully scanning the geopolitical landscape. Australian Dollar-Losing Yield Appeal  Fissures are appearing in the yield carry backstop that supported the Australian Dollar post-Brexit. The Australian Dollar Yield appeal tarnished after the RBA left the door […]

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 […]

Gold Edges Lower at Start of Week, Construction Reports Next

Gold has edged lower on Monday, as the metal trades at a  spot price of $1327.87 per ounce. In the US, the markets are looking for cues, as there are no major events on the schedule. NAHB Housing Market Index showed little change, posting a reading of 59 points. TIC Long-Term Purchases will be published later in […]

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 […]

Ireland Hits Brexit Alarm

The prime minister is under pressure, economists are slashing growth forecasts and companies are warning of Brexit’s dire consequences. London? No, Dublin. The intertwining of trade and finance means no other country is feeling the fallout from the U.K.’s vote to leave the European Union more than Ireland. In the year the Irish marked the […]

EUR/USD – Euro Steady as Euro Consumer Inflation Matches Forecast

EUR/USD has posted slight gains on Friday, as the pair trades at 1.1150. On the release front, Friday is data-heavy, so we can expect some movement from EUR/USD, especially in the North American session. Eurozone Final CPI posted a small gain of 0.1%, while Core Final CPI climbed 0.9%, as both readings matched the forecast. In […]

5 Observations On The BoE Decision

On Thursday July 14, the Bank of England (BoE) announcement saw eight MPC members voting for a ‘no’ change in U.K monetary policy, while clearly signalling their intention to provide more stimulus next month having warned in advance of the June 23 vote that economic growth would likely slow in that event. Those aside, there […]

Post-Brexit Highs, Lows, Quandaries and Geopolitics

Post-Brexit Highs and Quandaries A post-Brexit range is coming into a semblance of order .   The market is seeking to determine a new symmetrical level for both the Pound and Japanese Yen. While the next JPY trend is destined to be created on the back Tokyo’s fiscal and monetary stimulus, the pound is still in a […]

Pound Made of Sterling Stuff

The dominant theme for this week is “risk-on” and this despite today’s session, so far, trading in a subdued range after another terrorist attack on French soil last night. With investors willing to apply more risk, funds have flow out of fixed income and into stocks, pushing global indices to record new record high prints, […]