oil

US oil started the week on bad footing on the back of China's 5% tariff on US crude. The Chinese initiated the first round of tariffs on September 1st and plan to begin the second batch on December 15. With the US stepping up their game… Read More

USD Higher The US dollar has been higher again over the European session so far today, with the index extending yesterday’s gains to trade 98.04 last. USD has been boosted by weaker equities over the last 24 hours as pessimism around… Read More

USD Firmer Following FOMC Minutes The US dollar has been a little firmer over the European morning on Thursday following the FOMC minutes yesterday. The minutes revealed little in the way of new information, though did show that “most”… Read More

Its been another frustrating week for crude traders given the initial rally in the market, and subsequent retracement lower. Oil was boosted mid-week by the latest industry reporting which showed an unexpected drawdown in US… Read More

Markets saw little activity after the release of the Fed’s meeting minutes yesterday. The central bank, in its minutes, revealed that the rate cut in July was a mid-cycle adjustment. The Fed minutes put the Fed in a position of not being… Read More

FOMC Meeting Minutes Next The US dollar has been lightly sold over the European session so far today. Following on from losses seen yesterday, the USD index had posted a mild recovery overnight. Today, however, it has since come back under… Read More