Crude Oil WTI

The latest monthly private payrolls data from ADP/Moody’s Analytics showed that employers added 275k jobs in April. This beat estimates of a 181k increase. Numbers for March were revised higher to 151k. However, ADP reports that most of…
Read More

The early Asian trading session today saw the release of the first quarter employment report. New Zealand’s unemployment rate fell slightly to 4.2% as forecast from 4.3% previously. The quarterly employment change fell 0.2% missing…
Read More

The US dollar extended declines for a second consecutive day. Economic data on the day was focused on the PCE and personal spending income reports. The Fed meeting due on Wednesday is also weighing on the USD. Meanwhile, the US and China…
Read More

The US dollar was lifted by the durable goods orders report on Thursday. Data showed that durable goods orders rose 2.7% on the month beating estimates strongly. The USD held steady early into Friday’s trading session. The first quarter…
Read More

Crude oil prices reached an October 2018 high this week on Trump's waiver decision. Both the API and EIA reports for the week ending April 19 were disappointing. However, it will take more than just a few stockpiled barrels for any…
Read More

The Bank of Canada’s monetary policy meeting yesterday saw the interest rates unchanged at 1.75%. However, the central bank cut the GDP forecasts for Canada from 1.7% to 1.2% for 2019. The BoC was optimistic that growth would pick up in…
Read More

Nasdaq Hits Record High, Remains Bid Along with SPX and Dow NAS100 recorded an all-time high yesterday at 7820 after several companies reported better than expected numbers for quarter one. eBay, Lockhead Martin, and iRobot, just to name a…
Read More

The USD traded higher on Tuesday, rising to a six-week high. The new home sales report showed a 4.5% increase on a month over month basis, beating estimates of 645,000. New home sales rose to 692,000 in March. February’s figures were…
Read More

The Canadian dollar rose on the back of rising crude oil prices. WTI crude oil closed on Monday with 2.45% gains. This allowed the Canadian dollar to post gains of 0.25% on the day as a result. Some of the markets were closed on Monday…
Read More