Crude Oil WTI

WTI prices spiked a few hours ago following a report that US President Donald Trump wants waivers to countries that import Iranian oil to end. US oil rose to $66.60 a barrel after a Washington Post article hit the wires on Monday. It…
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With most of the US and European markets closed due to Easter Monday bank holiday, the currency markets are expected to be quiet. Economic data is sparse with only the release of the US new home sales report later in the day. The quiet…
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The greenback maintained gains as economic data from the United States continued to support the view that growth was robust. The monthly retail sales report surprised with an increase of 1.6% on the month, while core retail sales were up…
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The USD was trading mixed on Wednesday despite positive headlines from China. The first quarter GDP report showed China’s growth rising at a pace of 6.4% beating estimates of 6.3%. Industrial production grew 8.5% on a year over basis.…
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The quarterly inflation report from New Zealand saw consumer prices rising at a slower pace than forecast. Data from Statistics New Zealand showed that the consumer price index rose 0.1% in the first three months of the year. This was…
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The US dollar closed last week on a bearish note. Economic data on the day saw the release of the monthly import price data. Monthly import prices advanced 0.6% on the month beating estimates of a 0.4% increase. The gains were spurred by…
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Today marks the unofficial start of the five-week-long Q1 corporate earnings season. It kicks off with the release of quarterly results from JPMorgan Chase and Wells Fargo ahead of the US market open. Earnings season, as we've mentioned…
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The weekly jobless claims for the week ending April 5th touched a new low. Official data showed that the initial jobless claims fell to 196,000 beating estimates of 210,000. This was a new low in the weekly jobless claims report in the…
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The International Monetary Fund (IMF) cut its global growth outlook once again. For the year 2019, growth is forecast to rise by 3.3% compared to 3.5% previously. The IMF cited several downside risks including Brexit, US-China trade…
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Since OPEC+ agreed to cut oil production, oil prices have seen an epic rally of 27%, marking a fresh 2019 high. The allies decided to cut daily production levels by 1.2 million barrels back in December in a bid to rebalance the market and…
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