OIL (F)

Crude Stores Rise Again Crude oil prices were sent crashing further lower yesterday as the latest industry reporting showed a continued build in US crude stocks. The weekly report from the Energy Information Administration showed… Read More

The US dollar was seen posting some modest gains on Thursday. Economic data on the day saw the ISM’s non-manufacturing PMI coming out slightly better than expected at 56.9. The data beat estimates of 55.9. But the ADP’s private payrolls… Read More

The USD closed the month of May with some modest gains, settling at 97.66 by Friday’s close. This marks a fourth month of consecutive gains in price. On a weekly basis, the greenback extended strong losses. The declines came as investor… Read More

Smaller Than Expected Drawdown Crude oil prices crashed lower again this week as the latest report from the Energy Information Administration showed that US crude stocks fell less than expected last week. The EIA report showed a fall of… Read More

In a shift of focus from China, the Trump administration slapped Mexico with trade tariffs. The administration announced that it will impose a tariff of 5% on goods imported from Mexico from June 10th with a possibility to hike it to 25% by… Read More

The US dollar index held strong on Wednesday amid a mixed sentiment in the market. The 10-year Treasury yields hit a fresh 20-month low while equity markets closed in the red. A number of narratives have kept the risk assets in check… Read More

Lack of economic news or developments within the global themes played on the currency markets on Monday. With the US and UK markets closed on Monday due to bank holidays, activity was subdued. However, volatility could pick up as investors… Read More

Following a volatile week, we start today with both the US and UK markets closed due to bank holidays. This leaves most of the heavy lifting to the Asian and Frankfurt markets. Economic data is sparse. Over the weekend, the EU parliamentary… Read More

Investors continued to shun risk assets on Thursday amid a mix of global themes. The stalemate in the US and China talks alongside rumors that the US could blacklist more Chinese firms set the tone for the day. On the economic front, US… Read More

Crude oil prices were knocked sharply lower this week as the latest industry reporting weigh on sentiment. The weekly Energy Information Administration report showed that US crude stores unexpectedly rose, once again, by 4.7 million barrels… Read More