Browsing Tag

oil

Market Braces For ECB

CPI on Watch USD has been under pressure over the European morning on Thursday with the index softening from yesterday’s highs to trade 98.54 last as equities have enjoyed better levels. Though the datasheet for the US has been quiet over… Read More

OPEC Cuts Demand Forecasts

Crude has been knocked lower this week as worsening global conditions and a series of forecast downgrades have trumped the latest moves in inventories data. On Tuesday, the American Petroleum Institute reported a 7.23 million barrel… Read More

Huge API Drawdown Boosts Oil

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

FOMC Minutes Lift USD

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