Crude Investors Weigh Geopolitical Risks Against US Supply, Demand Concerns
After a positive start to the new week overnight, oil prices turned negative this morning before rebounding off their as we approached the end of European session. Concerns over potential supply disruptions amid raised geopolitical uncertainty in the Middle East...
Central Banks And Their Decision Remain A Major Focal Point
European markets and US futures are ready to start the week on a positive note. During the week, the focus is going to remain on central banks and their monetary policies. Looking at the score card, the S&P 500 index...
Weekly Economic and Financial Commentary: Inflation Continues to Come in Below Expectations
U.S. Review Inflation Continues to Come in Below Expectations The Producer Price Index, Import Price Index and the Consumer Price Index came in slightly below expectations this week, which provides the Fed cover to ease if it feels it needs...
The Weekly Bottom Line: A High Bar for Rate Cuts in Canada
U.S. Highlights A potential trade war between U.S. and Mexico was averted, but global trade uncertainty remains. Despite markets pricing in rate cuts, domestic indicators suggest that the U.S. economy is on decent footing. Inflation remains stubbornly low, however. The...
Dollar Rallies Ahead of FOMC Meeting; Markets Await Fed Signal for July Cut
Markets are bracing for updates on tactical trade war positioning and central bank rate decisions. The dollar’s recent rally stemmed on better than expected economic data that could convince Fed officials that the economy is healthy enough and might not...
Week Ahead: Fed to Prepare Markets for July Rate Cut
The upcoming week features interest rate decisions from three major central banks, namely the Federal Reserve, Bank of Japan and Bank of England, as well as top tier data from around the world, including Eurozone PMIs, UK CPI, and New...
Gold Soars Through $1,350
Gold hasn’t hesitated to capitalize on the risk averse markets, soaring through $1,350 today to hit a 14-month high. The yellow metal has run straight into resistance again though around $1,360, which coincides with the peaks we saw throughout 2017...
China Weekly Letter – Xi-Trump Meeting Crucial for Next Stage in Trade War
Xi Jinping-Donald Trump meeting to be crucial for the next stage of the trade war. Weak US data likely to put pressure on Trump soon. China opens up for more infrastructure stimulus, data for May was mixed. The People’s Bank...
Oil, Gold Up On Middle East Tensions, Dollar Steady Ahead Of US Retail Sales
Brent crude extends gains following tanker attack in Gulf of Oman; gold lifted too Dollar heads for weekly gains as US retails sales and Fed meeting eyed Aussie and kiwi sag on growing rate cut bets Oil jumps on renewed...
British Pound Subdued in Data-Light Session
GBP/USD is flat in the Thursday session. Currently, GBP/USD is trading at 1.2685, down 0.03% on the day. On the release front, U.S. unemployment claims was unexpectedly high, climbing to 222 thousand. This was the highest reading in five weeks....
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