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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 […]

XAU/USD – Gold Climbs as Dollar Dips in Thin Holiday Trade

Gold has posted strong gains in the Thursday session. In North American trade, the spot price for one ounce is $1156.00. It’s another quiet day on the release front. Unemployment claims, the final major indicator of 2016, dropped to 265 thousand, easily beating the forecast of 277 thousand. Gold prices have climbed 1.2% on Thursday, the strongest […]

Yen Climbs to 2-Week High on Optimistic BoJ Summary

USD/JPY has posted losses in the Thursday session. Currently, the pair is trading at 116.50. On the release front, the BoJ released its Summary of Opinions. In the US, today’s highlight is unemployment claims, with the indicator expected to edge up to 277 thousand. The yen has climbed to 2-week highs on Thursday, courtesy of a […]

EUR/USD – Euro Edges Higher, US Jobless Claims Next

It continues to be a quiet trading week as we wrap up 2016. Currently, EUR/USD is trading at 1.0450. The markets are likely to remain listless for the remainder of the week, with the markets characterized by thin trading volumes. It’s also a quiet day on the release front. There are no major European releases on […]

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 […]

XAU/USD – Gold Unmoved in Thin Trade

Gold is almost unchanged in the Wednesday session. In North American trade, the spot price for one ounce stands at $1138.76. 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 release Unemployment Claims, with an estimate of 277 thousand. As 2016 […]

USD/JPY – Yen Dips Lower on Mixed Japanese Numbers

USD/JPY has posted slight gains in the Wednesday session, as the pair continues to have a quiet week. Currently, the pair is trading at 117.70. The markets are likely to remain listless for the remainder of the week, as many investors have closed books prior to the end of the year, resulting in thin liquidity […]

EUR/USD – Euro Quiet in Thin Trading

The euro remains subdued in the Wednesday session, as EUR/USD trades at 1.0440. The markets are likely to remain listless for the remainder of the week, as many investors have closed books prior to the end of the year, resulting in thin liquidity in the market. There are no European releases on the schedule, and […]

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 […]

XAU/USD – Gold Edges Higher, CB Consumer Confidence Surges

Gold has posted slight gains in the Tuesday session. In North American trade, the spot price for one ounce stands at $1137.32. On the release front, CB Consumer Confidence climbed to 113.7, easily exceeding the estimate of 108.9. On Wednesday, the US releases Pending Home Sales, with the markets expecting a strong gain of 0.6%. As 2016 […]

GBP/USD – British Pound Steady in Light Holiday Trade

GBP/USD has edged lower in the Tuesday session, as the pair trades at 1.2240. On the release front, there are no British events as British markets are closed for a holiday. The UK wrapped up last week with on a positive note, as GDP was revised upwards to 0.7%, edging above the forecast of 0.6%. […]

EUR/USD – Euro Unchanged Ahead of US Consumer Confidence

The euro is almost unchanged in the Tuesday session, as EUR/USD trades at 1.0450. There are no European releases until Thursday. In the US, today’s highlight is CB Consumer Confidence, with the indicator expected to climb to 108.9 points. On Wednesday, the US releases Pending Home Sales, with the markets anticipating a strong gain of […]

Euro Yawns as German Consumer Climate Meets Expectations

The euro remains steady on Friday, the final session before the Christmas holidays. Currently, EUR/USD is trading at 1.0450. On the release front, GfK German Consumer Climate edged up to 9.9 points, above the forecast of 9.8 points. In the US, the week wraps up with UoM Consumer Sentiment, with the markets expecting a strong improvement […]

USD/JPY – Yen Quiet in Holiday Trade

USD/JPY is subdued on Friday, as the Japanese markets are closed in observance of the Emperor’s Birthday. In the US, the week wraps up with UoM Consumer Sentiment, with the markets expecting a strong improvement to 98.2 points. We’ll also get a look at New Home Sales, which is expected to dip to 575 thousand. There […]

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 […]

XAU/USD – Gold Steady, Shrugs Off Mixed US Numbers

Gold is showing little movement in the Thursday session, continuing the lack of movement seen in the Wednesday session. In North American trade, the spot price for one ounce stands at $1132.31. On the release front, US Final GDP posted a gain of 3.5%, above the forecast of 3.3%. Durable goods reports were a mixed […]

GBP/USD – Pound Remains Subdued Ahead of US and British GDP Reports

GBP/USD has shown little movement since Tuesday, as the pair trades at 1.2340. On the release front, the highlight of the day is Final GDP. We’ll also get a look at Core Durable Goods Orders and unemployment claims. There are no UK releases on Thursday. On Friday, the US publishes New Home Sales and UoM Consumer […]

CANADA: Consumer Price Index, November 2016

The Consumer Price Index (CPI) rose 1.2% on a year-over-year basis in November, following a 1.5% gain in October. 12-month change in the major components Prices were up in six of the eight major components in the 12 months to November, with the shelter and transportation indexes contributing the most to the year-over-year rise in […]

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 […]