OIL (F)

US President Trump's announcement on additional tariffs on new import products from China last Friday shocked the markets. All related asset classes fell significantly lower as risks amid China's retaliation increased. With the Nonfarm… Read More

The equity markets were on a volatile ride on Thursday. A day after equities fell following the Fed rate cut, the markets recovered mid-day. This came following a weak patch of economic reports from the US. Markets rallied on hopes that the… Read More

Seventh Straight Fall in Crude Stores Crude oil prices have been higher once again this week. The latest industry data showed US crude stores having fallen once again last week. The API reported a further drawdown on Tuesday, which was… Read More

The Federal Reserve Bank cut interest rates for the first time in more than a decade. The Fed funds rates were lowered to 2.0%-2.25% on Wednesday. Fed Chair Jerome Powell cautioned that the rate cut was not the start of an easing bias, but… Read More

The ECB president sent a strong signal to investors expecting an immediate rate cut yesterday. Forward guidance indicated that rates are expected to remain at current or lower levels at least through Q1 of 2020. This is despite the fact… Read More

The US dollar was seen holding on to its gains, marking a seven-week high. However, with price closing flat on Wednesday, we could expect to see some downside in the near term. Flash manufacturing PMI from Markit showed the index falling to… Read More

The US dollar was seen nearing a one-week high earlier today. The gains in the greenback come as investors expect the Fed to lower rates by just 25bps. This comes against the initial expectations of a larger rate cut. Meanwhile, BoJ… Read More

The economic calendar is relatively quiet for today. This comes ahead of a busy week that includes an ECB meeting. The US advance GDP report will also be coming out which will move the markets. Over the weekend, tensions at the Strait of… Read More