Tag: Commodities

Crude Oil Drops after Surprise US Weekly Buildup

Oil prices fell on Wednesday after the release of the US weekly crude inventories. The report by the Energy Information Administration (EIA) showed a larger than expected buildup of 6.5 million barrels, when the forecast called for a small drawdown of 1.5 million barrels. Yesterday the API oil inventory report came in with a -2.1 […]

Asia market closing view: fumbling into the EU summit

Currencies  Currency markets have been relatively quiet in Asia ahead of the US Treasury FX report an no doubt markets will be eager to view the FOMC minutes where there is a considerable risk for a hawkish lean. Even more so after the subtly hawkish warm-up ahead of tonight’s FOMC minutes delivered by San Francisco’s […]

Little hope for Brexit breakthrough at EU summit

May heads to Brussels as no deal preparations continue Risk appetite appears to be gradually returning to markets following strong earnings-driven gains in the US overnight as attention now shifts to Brussels were Brexit talks will continue. All eyes in Europe will be on the EU summit over the next couple of days as Theresa […]

Asia market update : Focus on Yuan

Asia market update: Focus on Yuan   Surprising busy start even with the absence of Hong Kong in the mix The hawkish warm-up ahead of tonight’s FOMC minutes delivered by San Francisco’s new President Daly is creating some noise today after she said late in the NY session she does think it’s a balance between […]

You just know that something good is going to happen

Cloudbusting: you  just know that something good is going to happen   US markets In the span of a mere 24 hours two of my most pressing question may have been answered, correctly, can the anomalously robust US equity market hang on in the face of mounting global risks? And are we entering a period […]

Markets stable for now but risks pile up

Saudi in the spotlight as lies start to unravel Investors may not be feeling particularly comfortable yet but we are seeing some welcome stability in the markets on Tuesday, with Europe posting small gains following a mixed session in Asia overnight. US futures are also pointing a little higher which will provide some comfort following […]

Commodities Weekly: Gold at 2-1/2 month high as safe haven status reborn

Precious metals are on the rebound as the US dollar goes in to pause mode after recent gains, while base metals firm up on supply-side issues. Crude oil prices push higher amid geopolitical tensions while weather-related supply side issues help agricultural commodities. Precious metals GOLD advanced to 1,234 yesterday, its highest level since July 26, […]

Asia Market update : A time out

China Data China CPI data came out bang on market expectation while the PPI rose slightly 3.6 % versus 3.5 % but continues to trend lower despite weaker Yuan and tariff price pressures. But given the delta to expectations are negligible there isn’t much of trade to be had on the data. Regional equity markets […]

Daily Markets Broadcast – 2018-10-16

Daily Markets Broadcast 2018-10-16 Wall Street weaker, pressured by tech sector The Friday rebound on Wall Street proved fleeting as selling restarted yesterday, led by the tech sector amid concerns about earnings reports. Gold topped the dollar as the go-to safe haven, while Brexit stalemate and Italy budget concerns capped European bourses. US30USD Daily Chart […]

Risk remains on the back foot

  Risk remains on the back foot Risk sentiment remains on the back foot as the volatile stock action continued in Asia and Europe overnight. And while the US markets ended a very jittery day lower, the losses were limited as the markets enter a stalemate period to rethink the plethora of looming market uncertainties, […]