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Tag: Commodities

EM Asia: Next weeks discussions

By Stephen Innes Head of Trading Asia @steveinnes123 EM Asia sentiment continues to improve; regional equities were trading very well on a  weaker dollar. ASEAN markets do enjoy a capital inflows bump when the US dollar is broadly weaker. Bloomberg China Calls Off Trade Talks, Won’t Go to Washington Until After Mid-Terms China In addition to the […]

Bring on the FOMC !

FOMC  The FOMC meeting next week has a hike fully priced in so the focus will be on the dot plots and the follow-up presser which has dollar bulls questioning their near-term positions. The meeting will be overly scrutinised to see if there are any changes in the projections, with new Vice-chair Clarida voting for […]

Algiers in focus for oil traders

SEOUL (Reuters) – Oil prices were little changed on Friday after falling in the previous session as U.S. President Donald Trump urged OPEC to lower crude prices at its meeting in Algeria this weekend. OPEC and its allies are scheduled to meet on Sunday in Algeria to discuss how to allocate supply increases to offset […]

US-China trade war, yesterday’s news.?

US-China trade war, yesterday’s news.? The US stock markets catapulted to a new record high on Thursday as investors continued to sidestep fears over the escalating global trade war and instead focused on a boomy American economy. And at least for today anyway, US-China trade war was yesterday’s news. Make no mistake the US economy […]

Loonie Flat as NAFTA Hope is Cancelled by Oil Drop

The Canadian dollar is nearly flat on Thursday despite the US dollar falling against other major pairs. Trade war fatigue has the greenback on the back foot and the loonie was higher as NAFTA negotiations restarted yesterday. US President Donald Trump on the Organization of the Petroleum Exporting Countries (OPEC) not doing enough to keep […]

Mexican Peso Dragged Lower as Oil Falls on Trump’s OPEC Comments

The Mexican peso fell on Thursday on the back of oil losses that were triggered by comments from US President Donald Trump. Oil fell after 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 […]

Gold steady, shrugs off strong manufacturing, jobless claims data

Gold has taken a pause in the Thursday session, after posting gains on Wednesday. In North American trade, the spot price for one ounce of gold is $1203.83, up 0.05% on the day. On the release front, U.S indicators looked sharp, as Philly Fed Manufacturing Index and unemployment claims both beat expectations. Which direction is the […]

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 […]