oil

Asian session – US dollar recovers a little ahead of key Trump conference but Mexican peso hits record low

Posted on January 11, 2017 at 8:33 am GMT

The US dollar recovered some ground during Wednesday’s Asian trading, but it had given back some of those gains by the end of the session. The dollar index was around the 102 level, having traded as high as 102.20. Currency markets were relatively quiet ahead of a press conference by President-elect Donald Trump, where he is expected to outline some of his economic policies. There is considerable uncertainty about what economic policies the new President will adopt. On the positive side, fiscal [..]

European Session – Dollar struggles for direction in subdued trading

Posted on January 10, 2017 at 3:51 pm GMT

Currency markets were muted in European trading today as the absence of major data and investor angst about US President-elect’s press conference on Wednesday led to more cautious trading. The US dollar see-sawed around the 116 yen level while the euro was unable to hold above $1.06 by late European trading. Market concerns about what Donald Trump might reveal about his policies, particularly on trade, tax cuts and relations with China when he holds his first press conference since the [..]

Asian session – Dollar retreats ahead of Trump press conference

Posted on January 10, 2017 at 8:06 am GMT

The US dollar posted some modest losses during Tuesday’s Asian trading despite relatively hawkish remarks from Federal Reserve officials the previous day. Dollar / yen was below 116 at 115.72 while the euro was trying to climb above the 1.06 level at 1.0598. The euro had climbed as high as 1.0627 earlier in the session. Boston Fed’s Eric Rosengren called for a faster pace of interest rate hikes compared to the one-a-year pace of the previous two years while Dennis [..]

European Session – Dollar erases gains but pound steadies as hard Brexit fears linger

Posted on January 9, 2017 at 4:23 pm GMT

The yen saw increased demand in Monday’s European session, leading the US dollar to give up its earlier gains against the Japanese currency. Other currencies also lost ground against the yen, particularly the British pound, which has been hit today by fresh concerns of a hard Brexit following comments by UK PM Theresa May over the weekend. Softer US treasury yields helped the yen higher in late European trading, with the dollar slipping back below 117 yen to around 116.35 [..]

FX Daily Outlook | 09-01-17

Posted on January 9, 2017 at 10:32 am GMT

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Technical Analysis – WTI oil futures maintains bullish bias on weakening positive momentum

Posted on January 9, 2017 at 9:39 am GMT

WTI oil futures have been posting some losses over the last couple of days following the sharp gains recorded recently. Despite that, the overall upward trend remains in place with prices currently above both the 50-day moving average (MA) and the 200-day average. On the upside, the December 22 high of 55.39 (which was a near 18-month peak) is expected to serve as a resistance level. A break above that level could pave the way for further gains. On the [..]

FX Daily Outlook | 30-12-16

Posted on December 30, 2016 at 10:28 am GMT

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Asian Session – Euro spikes above $1.06 in thin trade; Dollar recovers above 117 yen

Posted on December 30, 2016 at 9:57 am GMT

Major pairs were hit by volatility on Friday as ultra-thin volumes on 2016’s last trading day triggered some sharp moves. The euro spiked up to 1.0652 dollars in early Asian trading in a move that was triggered by an illiquid market than by news. The jump had a knock-on effect on other crosses and the dollar briefly fell to a 2-week low of 116.04 yen. Things settled later in the Asian session with the euro easing to around 1.0525 dollars. [..]

European Session – Dollar attempts a rebound in muted holiday trading

Posted on December 29, 2016 at 3:54 pm GMT

Currency markets were subdued on Thursday as volumes remained light with just one more trading day left before the end of the year. The US dollar moved away from the two-week lows it touched against the yen earlier in the day, while the euro and the pound managed to hold on to key levels. With little in terms of new data to excite the markets, US treasury yields continued to be the main driver of the dollar. Treasury yields came [..]

Forex News – Review of 2016

Posted on December 29, 2016 at 12:08 pm GMT

The year 2016 got off to a turbulent start, with worries about China’s economy escalating once again and fresh volatility in financial markets triggering concerns about a deepening crisis. But despite bigger shocks that followed, namely, Brexit and the US election outcome, financial markets appear to be ending the year on a positive note, even as further economic and political risks lie ahead in 2017. China slowdown triggers market turbulence China and its slowing economy was much of the focus [..]

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