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WTI/USD – Crude Steady as Crude Inventories Post Surplus

US crude futures have posted small gains in the Thursday session. In North American trade, US crude is trading at $53.96. Brent crude futures are trading at $56.25, as the Brent premium stands at $2.31. On the release front, Crude Inventories posted a small surplus of 0.6 million, compared to the forecast of a decline […]

WTI/USD – Crude Pushes Above $54 as Markets Eye Upcoming OPEC Cuts

US crude futures have posted small gains on Wednesday, trading at $54.16 in the North American session. Brent crude futures are trading at $56.35, as the Brent premium stands at $2.19. On the release front, Pending Home Sales posted a sharp decline of 2.5%, well off the estimate of a 0.6% gain. On Thursday, the US will […]

WTI/USD – Crude Improves to 2-Week High as Consumer Confidence Sparkles

US crude futures have posted gains in the Tuesday session, trading at $53.78. Crude is currently at its highest level since December 14. Brent crude futures are trading at $55.94, as the Brent premium stands at $2.16. On the release front, CB Consumer Confidence climbed to 113.7, easily exceeding the estimate of 108.9. On Wednesday, the […]

Holiday Mode Keeps Participation Light

Five things the markets are talking about Thin trade ahead of the Christmas holiday and shortened trading sessions in several markets sees trading volumes -40% lower than the 30-day average. Stocks, currencies and sovereign bonds continue to move in narrow ranges as investors and dealers remain reluctant to open any new positions ahead of the […]

Oil Prices Fall as U.S. inventories, Libya Output Weigh

Oil prices slipped in tepid Asian trading on Thursday, dragged down by an unexpected rise in U.S. crude inventories last week and moves by Libya to boost output over the next few months. But the fall was curbed by a weaker dollar and optimism that crude producers would abide by an agreement to limit output […]

Oil Prices Lifted by Expected Fall in U.S. Inventories

Oil rose on Wednesday, driven by expectations for a decline in U.S. crude inventories and bringing price gains for December to 10 percent, which would be the strongest performance in the final month of the year in six years. Brent crude oil futures were up 32 cents on the day at $55.67 a barrel by […]

Stocks, Bonds or FX: Which is Irrational?

Five things the markets are talking about Stocks, the dollar and U.S yields are trading at lofty heights on the “potentials” of Trump’s fiscal stimulus packages – details not yet disclosed. Nevertheless, one of these asset classes, more than the others, does seem to be out of sync with reality. Last week, the Fed’s Yellen […]

WTI/USD -Crude Edges Higher Ahead of Crude Inventories

US crude has recorded slight gains on Tuesday, extending the upward movement which marked the Monday session. In North American trade, WTI/USD futures are trading at $53.55. Brent crude futures are trading at $55.70, as the Brent premium stands at $2.15. On the release front, there are no US events on the schedule. On Wednesday, […]

Dollar Boosted by Yellen; Risk Aversion

Five things the markets are talking about Volatility across regional indices and major currency pairs remains seasonably compressed despite the geopolitical nerves in Europe. Sovereign debt saw a relatively strong bid over the last session on heightened geopolitical risk – a Russian ambassador was shot and killed by an off-duty policeman in Turkey in defiance […]

WTI/USD – US Crude Unchanged at $52

US crude is unchanged in the Monday session. In North American trade, WTI/USD futures are trading at $52.00. Brent crude futures are trading at $54.80, as the Brent premium stands at $2.80. On the release front, there are no major US events on the schedule. Flash Services PMI slipped to 53.4, short of the forecast […]

Halfway Point for December Holiday Volatility

Five things the markets are talking about Investors are taking a breather from assimilating the probability of three-Fed rate hikes for 2017. The ‘mighty’ dollar, ruling on rate differentials, has fallen back from its “dozen baker” highs against a plethora of currencies. Given the likely higher than expected rate of monetary contraction next year, the […]

Dot-Plot Blindness has Dollar Bears Bailing

Five things the markets are talking about The Fed did not surprise, they did what was expected of them on the headline, but it’s their foresight that has capital markets wildly gyrating. The big takeaway from yesterday’s FOMC meeting is the increase in the pace of tightening that’s been signalled for next year. Policy members […]

WTI/USD – US Crude Shrugs off Sharp Stockpiles Decline, Fed Statement Looms

US crude is showing little movement on Wednesday. In the North American session, WTI/USD futures are trading at $52.50. Brent crude futures are trading at $55.38, as the Brent premium stands at $2.88. On the release front, core retail sales and retail sales posted weak gains of 0.2% and 0.1% respectively, which fell short of […]

Fed Lift Off Starts Today – What Else Should We Expect?

Five things the markets are talking about Today’s Fed meeting is of critical importance, not only for what it says about any change in interest rates, but also for what it signals about the path ahead. U.S policy makers are expected to hike +25bps for the second time in a decade at 02:00pm EST, motivated […]

WTI/USD – US Crude Unchanged, Fed Decision Looms

US crude posted slight gains on Tuesday but then retracted. In the North American session, WTI/USD futures are trading at $52.80. Brent crude futures are trading at $55.56, as the Brent premium stands at $2.76. On the release front, there are no major events on the schedule. On Wednesday, the Fed concludes its monthly policy […]

Markets Look For Conviction From Fed

Five things the markets are talking about The Fed’s highly anticipated two-day meeting begins later today when U.S policy will decide whether to raise interest rates for the first time in 12-months. The latest results from the CME’s FedWatch tool indicate the likelihood of a rate increase is currently +95.4%, up from yesterday’s +94.9% odds […]

Oil Jumps 5% in Early Asia Trade

An exciting morning as both West Texas Intermediate (WTI) and Brent Crude leapt five percent in early trade following this weekend’s signing of the OPEC/NOPEC production cuts. OPEC and Non-OPEC (NOPEC) continue pulling rabbits out of the hat with a  smooth signing of the joint production cut agreement with no last minute hitches. Russia and […]

Spike in Crude Push U.S Yields Through Key Levels

Five things the markets are talking about On the calendar front this is a busy week in capital markets. The Fed is expected to increase fed funds for the first time in 12-months. On Wednesday, the FOMC will issue both its policy statement and quarterly forecasts while Janet Yellen will take questions that will bridge […]

Crude Steady Ahead of Crucial Oil Summit

US crude prices are showing limited movement in the Friday session. Currently, WTI/USD futures are trading at $51.35. Brent crude futures are steady at $54.12, as the Brent premium stands at $2.77. Today’s key event is UoM Consumer Sentiment Index. The markets are expecting the indicator to continue to improve in December, with an estimate […]

APAC Corner: ECB Trims, but Euro looks Flabby

Post-ECB, the Euro bounces along the bottom with trading in Asia muted today as we run into the weekend. EUR/USD The ECB may have trimmed and not tapered QE overnight, but the EUR/USD itself is still looking very flabby today trading not too far from its overnight lows in a very very quiet Asia session. […]

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