Crude Oil WTI

The latest monthly jobs report from Australia saw the unemployment rate rising unexpectedly to 5.2%. Economists had forecast that the unemployment rate would fall to 5.0%. Revisions to March’s report saw the unemployment rate being revised…
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The panic sell-off in the markets which led to a risk aversion earlier this week stabilized on Tuesday. Equity markets were showing signs of a rebound as the risk appetite was slowly building up. The economic docket remains muted against…
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The Beijing administration hit back by announcing tariff hikes on roughly $60 billion worth of goods imports from the United States. In response to the U.S. tariff hikes following the breakdown in trade talks, China has raised the tariffs…
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The markets were trading mixed by Friday’s close after the tariffs on goods imports from China were hiked from 10% to 25%. This came as the US and China trade talks fell apart. However, investors are hopeful that there is still a chance …
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The risk sentiment in the market was improving on Thursday, but investor concerns remain. With the passing of the deadline, the US administration did not make any official announcement on raising the tariffs on Chinese goods. Meanwhile,…
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The US and China trade war took a new turn yesterday. President Trump tweeted that Chinese delegation would be coming to the US to make a deal. This kept the risk-off sentiment in check. However, the Washington administration was also…
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The Reserve Bank of New Zealand held its monetary policy meeting earlier today. In a surprise move, the central bank lowered the official cash rate by 25 basis points. This brought the RBNZ’s interest rates to 1.50% from 1.75%. In its…
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The risk-off sentiment strengthened as the markets digested the renewed threats of trade wars between the US and China. President Trump’s threat to impose tariffs on China by the end of the week sent investors seeking safe haven assets.…
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Friday’s nonfarm payrolls report saw the US unemployment rate falling to the lowest levels since 1969. Data from the labor department showed that the unemployment rate fell to 3.6% from 3.8% in March. Payrolls rose 263,000 in April while…
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A busy day for traders today will see some high ticket events. The official payrolls report for April will be coming out. Economists forecast an increase of 181k jobs during the month with the US unemployment rate holding steady at 3.8%.…
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