oil

USD Strengthens Despite FOMC Vowing to Hold Rates The US dollar has strengthened over the European morning on Thursday, extending gains in the wake of yesterday’s FOMC meeting minutes. The gains have come despite the minutes revealing that… Read More

USD Having a Quiet Start The US dollar has had a relatively subdued session over the European morning on Tuesday. Markets await the first key drivers of the week. Looking ahead to the US session today we have very little on the data sheet… Read More

King Dollar USD has been trading firmly over the last European session of the week so far, extending gains from yesterday in reaction to better than expected US data as both building permits and continuing claims saw positive surprises.… Read More

The US dollar was seen holding on to the gains, settling near a two-week high by Thursday’s close. The gains came as the trade tensions eased and focus once again shifted to the economic data. A delegation from Washington is expected to… Read More

Crude oil prices have continued to trade in the green this week despite the latest industry reporting showing increased stock levels. The weekly report from the Energy Information Administration was released yesterday. It showed that US… Read More

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… Read More

US Retail Sales on Watch It was another muted session for the US dollar over the European morning on Wednesday. Markets await the first tier-one US data of the week later today. April Retail Sales are due today. The index is trading midway… Read More

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… Read More

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… Read More