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OIL (F)
The Week Ahead: One Last Job
USDCAD Hangs on BoC, NFP
The pair will be under the spotlight as major data come in from both sides. The Bank of Canada is expected to leave the interest rates unchanged. However, optimistic guidance could give the Canadian dollar firm… Read More
US Crude Production Surges To Record Highs
EIA Reports Further Inventories Build
In its latest report, the Energy Information Administration reported yet another rise in US crude stores.
The report noted that in the week ending November 22nd, US crude stores were higher by… Read More
Trump Tweets: a Deal is Near, Optimism Rises
President Trump tweeted that a trade deal with China was close, leading to some optimism.
Equity markets continued to maintain the gains, indicating that the markets are already discounting the news.
The deadline for the next round of… Read More
Trade Talks Back to Uncertain Terms
The risk-off sentiment in the market was fueled by President Trump’s latest tweet. The US-China trade talks which seemed to have been progressing hit a roadblock.
Trump tweeted that if China fails to make a deal, he would raise tariffs… Read More
US Crude Production Hits Record Highs
Crude prices were knocked lower yesterday as the latest EIA inventories report highlighted a further build in US crude stores.
The Energy Information Administration reported that in the week ending November 8th, US crude stocks rose by a… Read More
Dollar Attempts to Pare Losses
The US dollar index was trading in the green on Tuesday. This comes a day after prices fell, snapping a five-day gain.
Economic data from the United States was sparse. President Trump spoke late Tuesday at the Economic Club of New York.… Read More
Risk Sentiment Rising Amid Mixed Trade Signals
Risk sentiment is rising as investors decipher the mixed signals on the US-China trade war. The US dollar index fell for the first time in six days while equity markets were poised for a decline after four consecutive sessions.
The trade… Read More
Crude Higher Despite EIA Inventories Rise
Inventories Surge
Crude oil prices made moves in both directions this week. However, despite another bearish update from the Energy Information Administration, crude is higher on the week as of writing.
In its latest report covering the… Read More
Dollar Snaps Two-Day Winning Streak
The US dollar index was seen trading flat following two days of gains. Economic data was sparse on the day. The gains were also moderating after investors digested the progress of the US and China trade talks. Reports indicate that China is… Read More
Trade Optimism Boosts Risk Sentiment
US President Donald Trump announced on Tuesday that China and the United States agreed, in principle, to the first phase of a deal.
Reports indicate that both sides are also looking at rolling back the tariffs. Investors cheered the… Read More