Browsing Tag

WTI

All Eyes on the NFP

USD Data On Watch The US dollar has seen much quieter trading over the last 24 hours as traders await the final key data of the week: the US employment reports due later today. While USD has continued to trade lower into the end of the… Read More

US Data Weakness Hits USD

USD Lower on Data Weakness The US dollar has come back under pressure over the last 24 hours as further data weakness has weighed on sentiment.  The ISM Non-Manufacturing reading was weaker than expected over November at 53.9 vs 54.5… Read More

Traders Focus on OPEC Meeting

Crude Stores Fall Crude prices rallied strongly this week. The latest report from the Energy Information Administration revealed a large drawdown in US crude stores. The EIA report showed that in the week ending November 29th, US crude… Read More

The Week Ahead: One Last Job

USDCAD Hangs on BoC, NFP The pair will be under the spotlight as major data come in from both sides. The Bank of Canada is expected to leave the interest rates unchanged. However, optimistic guidance could give the Canadian dollar firm… Read More