Tag: Commodities

Oil Falls After Trump Targets OPEC

Oil fell after US President Trump targeted the Organization of the Petroleum Exporting Countries (OPEC) for not doing enough to keep crude prices low. This comes ahead of the organization’s meeting in Algeria with other major producers. The production cut agreement has been the most important factor in the stabilization of crude prices since the […]

OANDA Trading Asia market closing note:Lots of inflexion but a lack of direction

Lots of inflexion but a lack of direction A day of inflexion in currency markets but we ended up with little direction. Most of today was spent trying to find a reason, but with the USD looking battle worn and genuinely fatigued, dollar bulls are talking to the sidelines. While the US treasury yields approached […]

The morning after

The morning after US equity market has wholly shrugged off yesterday’s back and forth on US-China trade, as the robust US economy continues to sway investors. However, when we look back at the 2018 stock market run, a lot of ink will be spilt about the benefits of US repatriation flows which are keeping balance […]

Asia closing market notes : riding the risk rollercoaster

The markets are riding the risk roller coaster as headline overload has been dominating the Asian session. First, the USTR tariff announcement had a bit more sting than expected due to the graduated settings 10 per cent now then up to 25 per cent in January on 200 bln. Which suggests the US is looking […]

OIL wobbles on tariff announcement

Bloomberg) — Oil dipped below $69 a barrel as heightened trade tensions between the world’s biggest economies stoked fears over economic growth and energy demand. Futures in New York dropped as much as 0.6 percent. U.S. President Donald Trump announced that he will impose a 10 percent tariff on about $200 billion in imports from China next […]

Copper melts

MANILA, Sept 18 (Reuters) – London copper drifted lower for a third session running on Tuesday as China vowed to respond to the latest U.S. tariffs on about $200 billion of Chinese goods, exacerbating the trade war between the world’s two biggest economies. In imposing the new tariffs, U.S. President Donald Trump warned that if […]

Commodities Weekly: Copper nears 15-month low as fresh tariffs announced

The commodity space has generally struggled today amid escalations in the US-China trade war. US President Trump announced a 10% levy on Chinese imports from September 24, rising to 25% next year.  China has said it will decide today how to retaliate.   Base metals COPPER fell as much as 2.3% this morning after US […]

Seeing the forest for the trees

Seeing the forest for the trees With trade war dominating the landscape, even more so after this morning’s US tariff headline, it’s easy to focus on markets from a one-dimensional perspective. But cross-asset trading is multidimensional and observing the more granular details can offer much-needed clarity in these difficult times. US Markets Certainly, Trade war […]

Gold punches past $1200 as key manufacturing report slides

Gold has started the week with strong gains. In Monday’s North American trade, the spot price for one ounce of gold is $1202.93, up 0.74% on the day. In the U.S, a key manufacturing report disappointed. The Empire State Manufacturing Index dropped sharply, falling from 25.6 to 19.0 points. This missed the estimate of 23.2 […]

Oil Lower Awaiting Trade and Iran Tensions

Oil prices were little changed on Monday as market participants weighed potential supply cuts from U.S. sanctions on Iran with deepening trade tensions between the United States and China that could dent global crude demand. Brent crude futures rose 13 cents to $78.22 a barrel by 11:12 a.m. EDT (1512 GMT), while U.S. West Texas […]