Trump

Risk sentiment was buoyed once again this week by news of continued developments in the ongoing US/China trade negotiations. Top officials from both countries held phone meetings this week to map out the next steps in the talks. Chinese… Read More

The rally in crude prices this week was tempered by the latest industry reporting which showed a further rise in inventories. The Energy Information Administration’s weekly report showed that US crude stockpiles, in the week ending March… Read More

The U.S. Department of Commerce released the much-delayed GDP report for the third quarter last week. Data showed that the U.S. economy posted one of the best years of growth in nearly a decade. This marks a strong period of expansion,… Read More

An early report from the Wall Street Journal signaled that the US and China are close to a breakthrough trade deal. According to the media source, the agreement could recalibrate US tariffs on Chinese goods, if not completely lift them.… Read More

The Chinese Caixin/Markit Manufacturing PMI printed its third consecutive negative month in February at 49.9. Once again, this highlighted the damaging impact of the US/China trade war. Although negative, it was slightly better than the… Read More

Crude prices boosted this week, recovering from initial weakness by an unexpected drawdown in stockpiles. The EIA report showed that in the week ending February 22nd, US crude inventories fell 8.6 million barrels. This reading caught the… Read More

Risk assets began the European trading session today with a more dampened tone. The meeting between President Trump and North Korean Leader Kim Jong-Un failed to produce any results. The summit, which took place on the neutral ground of… Read More

Data from the U.S. showed that consumer confidence increased in February after the U.S. government shut down the previous month. The data released by the Conference Board showed that consumer confidence increased to 131.4 in February… Read More

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… Read More

The yellow metal has exploded higher over the last 12 hours as a combination of factors joined forces to fuel a surge in demand. Firstly, there is increased uncertainty within the UK political landscape. Three members of the ruling… Read More