crude oil

Asian Session – Yellen reiterates caution on rates; dollar slides 1%

Posted on March 30, 2016 at 8:05 am GMT

Fed Chair Janet Yellen yesterday reiterated the need to move cautiously with rate increases, citing the uncertainty in the global economic outlook as a risk to the US economy. Speaking at the Economic Club of New York, Yellen said the Fed wanted to get ahead of the developments in the global economy and adjust its policy path accordingly before they start to impact its forecast for unemployment and inflation. She noted that economic and financial conditions remain less favorable than [..]

Asian Session – Dollar attempts rebound but yen underperforms again

Posted on March 29, 2016 at 7:54 am GMT

The US dollar rebounded from Monday’s lows to edge higher in Tuesday’s Asian session. The greenback fell sharply yesterday after disappointing US personal consumption expenditure data which pointed to weak GDP growth in the first quarter of the year. However, trading is likely to remain cautious ahead of a key speech by Fed Chair Janet Yellen later today. The dollar climbed to around 113.65 yen in late Asian trading from a low of 113.14 yen on Monday. The Japanese currency [..]

Asian Session – Fed rate talk lifts dollar as market calm returns

Posted on March 23, 2016 at 9:18 am GMT

The dollar moved higher in Asian trading on Wednesday as risk aversion faded after the initial market reaction to the terror attacks in Brussels on Tuesday that saw a sell-off of risk assets. Stock markets in Asia were muted today as trading winds down ahead of the Western Easter holiday weekend. The greenback climbed against the euro and the pound but was unable to advance beyond yesterday’s rebound versus the yen. The dollar was last trading at 112.37 yen in [..]

European Session – Pound under pressure after cabinet resignation; oil see-saws again

Posted on March 21, 2016 at 3:40 pm GMT

It was a quiet start to the week with European equities slightly down from Friday’s close. The dollar was broadly higher but off earlier peaks. Both the dollar and the euro found support from remarks by ECB and Fed officials. The ECB’s Francois Villeroy de Galhau said at a Bank of France conference on Monday that the ECB does not have more unconventional measures on the agenda at this point, indicating the central bank is likely to adopt a wait-and-see [..]

European Session – Euro clings on to 1.11 dollars as equities rebound

Posted on March 11, 2016 at 3:46 pm GMT

European equity markets recovered on Friday following a highly volatile session yesterday as markets digested the ECB’s unexpectedly large and unconventional stimulus measures. Shares in Frankfurt and Paris were up by around 3% in late European trading. London’s FTSE-100 index was up by a more modest 1.5% as mining stocks underperformed. The euro came down from yesterday’s one-month high of 1.1217 dollars and had retreated to 1.1080 dollars in mid-European session before strengthening again to reclaim the 1.11 handle in [..]

FX Daily Outlook| 09-03-2016

Posted on March 9, 2016 at 10:17 am GMT

[..]

Asian Session – Drop in oil prices puts pressure on loonie ahead of BoC

Posted on March 9, 2016 at 8:54 am GMT

As there were no major releases or events during today’s Asian trading, currencies took their cue mainly from developments in other markets such as oil and stocks. The yen for example appeared to benefit from profit-taking in equities after Wall Street lost about 1% during Tuesday’s trading and Chinese and Japanese equities were also under some pressure today (also losing about 1%). Some concern about the Chinese economy lingered after the previous day’s dismal trade numbers out of the world’s second [..]

European Session – Pound dips on Carney Brexit risks; Oil goes into reverse

Posted on March 8, 2016 at 3:39 pm GMT

The British pound came under focus in Tuesday’s European session as Mark Carney testified in parliament on the EU referendum, while the euro failed to react to Eurozone data. Commodities meanwhile sharply reversed earlier gains. Bank of England Governor Mark Carney was speaking before the Treasury Committee in parliament today as he was being quizzed by lawmakers about the benefits of EU membership. Carney voiced support for British PM David Cameron’s renegotiated deal saying it addresses the important issues identified [..]

Asian Session – Aussie drops on commodity profit-taking while euro rises ahead of ECB

Posted on March 8, 2016 at 9:10 am GMT

Strong commodity prices were a key feature of trading during the previous session but market participants took this opportunity to book some profits in the Australian dollar. There was some volatile trading in the aussie, which made a 7-month high against the US dollar at 0.7483 during the US session. The aussie had been significantly helped by a big rally in iron ore and overall positive tone in commodities. Oil rose to its highest since early January as US crude [..]

European Session – Euro subdued ahead of ECB; aussie extends gains

Posted on March 7, 2016 at 3:40 pm GMT

Major currencies drifted sideways for much of Monday’s European session on what turned out to be a quiet trading day with little on the data front to excite markets. The US dollar was broadly stronger but the euro came under pressure at the start of the session as expectations of ECB easing on Thursday intensify. Better-than-expected German factory orders out earlier in the day failed to support the euro, which slipped from around 1.0990 dollars to around 1.0950 soon after [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.