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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 […]

Gold Steady at $1320, Markets Eye BoJ, Fed Meetings

Gold has edged lower on Monday, as the metal trades at a spot price of $1320.49 per ounce in the North American session. It’s a quiet start to the trading week, with no US releases on the schedule. On Tuesday, there are two key releases, CB Consumer Confidence and New Home Sales. We could see some volatility from […]

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 […]

BoJ, Fed and Earnings to Dominate This Week

It’s been a relatively quiet start to the week in the markets but this should pick up quite considerably with a couple of big central bank decisions to come and more than a third of S&P 500 companies reporting second quarter earnings. The stand out central bank decision is the Bank of Japan, with high […]

EURUSD – Will New Low Trigger Broader Decline?

The euro has taken a turn lower against the dollar late in the European session, falling to its lowest level since 24 June, when it tanked on news that the U.K. had voted to leave the E.U. The pair had established a relatively tight trading range over the four weeks following the result – between […]

CANADA: Consumer Price Index, June 2016

The Consumer Price Index (CPI) rose 1.5% in the 12 months to June, matching the gain in May. Excluding gasoline, the CPI was up 1.9% year over year in June, equal to the increase in May. 12-month change in major components Prices rose in all major components in the 12 months to June, with the […]

Central Bankers Take Center Stage

Both the FOMC and Bank of Japan will share the centre stage this week but let us not forget the Austalia Q2 CPI, which will be vying for some of the spotlights. Federal Reserve -Conundrum  The Federal Reserve Board( Feds) capably stage- managed a masterful decline in real US rates in Q2  propelling risk sentiment skyrocketing […]

USDJPY and JPY Crosses. Storm Clouds Gathering

A quiet end of the week in Asia but storm clouds appear to be gathering from a technical perspective on JPY Crosses. Asia definitely has a “Friday” feeling about it today. G-20’s this weekend, BOJ and FOMC next week. Plus, most importantly for this Kiwi, the start of the Super 18 Rugby play-offs tonight, have […]

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. […]