oil

Asian Session – Oil rebound helps market sentiment; dollar firm but off highs

Posted on January 25, 2016 at 9:43 am GMT

Asian stocks moved higher on Monday following a 10% rally in crude oil prices on Friday. The prospect of increased demand in oil as a result of the cold snap in large parts of the northern hemisphere pushed oil prices away from the 12-year lows seen in the middle of last week. US crude futures climbed above $32 a barrel late on Friday before slipping just below it in late Asian session. The US dollar was off highs today, easing [..]

European Session – Sterling rallies, oil up 5%, dollar above 118 yen

Posted on January 22, 2016 at 3:38 pm GMT

There was improved risk sentiment in the markets today, spurred by comments from European Central Bank President Mario Draghi on Thursday to support the Eurozone economy. The ECB chief signaled that more stimulus measures could be deployed, due to low inflation in the Eurozone. Draghi stressed again the ECB’s ability to act during a speech today at the World Economic Forum in Davos. The expectations of more easing (which some expect to come as soon as March), helped lift European [..]

Asian Session – Oil posts sharp rebound as ECB and BoJ stimulus expectations rise

Posted on January 22, 2016 at 10:30 am GMT

Talk of more stimulus boosted markets on Thursday and Friday as the ECB hinted that it may ease policy as early as March and there were reports that the Bank of Japan is taking a serious look at expanding monetary policy at its meeting next week. A sharp rebound in oil prices also helped market sentiment. Shares across Asia rallied today as a result with Tokyo’s Nikkei 225 index surging 5.9% at the close. Chinese shares were less buoyant with [..]

FX Daily Outlook| 21-01-16

Posted on January 21, 2016 at 10:02 am GMT

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Asian Session – Oil slump drags equities lower; yen see-saws on mixed BoJ signals

Posted on January 21, 2016 at 8:28 am GMT

Shares in Asia were unable to hold on to earlier gains and fell sharply towards the close as oil headed back down again. Tokyo’s Nikkei 225 index closed down 2.4% and the Shanghai Composite index lost 3.2%. On Wednesday, US shares rallied towards the end of the session but still ended the day lower, with the S&P 500 index closing down by 1.2%. US crude futures hit a fresh 2003 low of $26.19 a barrel yesterday but had recovered to [..]

European Session – Loonie jumps after BoC keeps rates on hold; dollar pares gains on weak inflation

Posted on January 20, 2016 at 3:48 pm GMT

European equity markets opened sharply lower on Wednesday as oil continued to spiral downwards. London’s FTSE100 and the Frankfurt Dax fell by around 3% when trading opened but rebounded slightly as oil prices started to stabilize. US crude futures moved away from a new 12-year low set earlier in the day to rise to $28.90 a barrel in afternoon European trade. The euro had climbed as high as 1.0975 dollars in early European session on increased risk-off sentiment but later [..]

FX Daily Outlook| 20-01-16

Posted on January 20, 2016 at 10:16 am GMT

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Asian Session – Kiwi plunges on weak inflation; dollar tracks oil lower

Posted on January 20, 2016 at 9:31 am GMT

The US dollar was in retreat on Wednesday after oil prices reversed their gains made yesterday to head back down again. Oil came under pressure after the International Energy Agency said in its monthly report that the oil market could “drown in oversupply” unless something changes. WTI crude futures hit a fresh 2003 low of $27.49 a barrel in late Asian session today, falling below Brent crude which was down at $28.11. Safe haven currencies such as the euro and [..]

Bears take a step back as some calm returns

Posted on January 19, 2016 at 12:13 pm GMT

The third week of 2016 has started in a calmer manner as major stock markets do not seem to be extending the heavy losses of the previous week. In addition, oil prices had deteriorated so rapidly that some sort of recovery was inevitable. The negative trend since the start of the year needs a lot of progress to be reversed but investors will probably welcome any respite to the selling. Positive data has also helped today in view of the [..]

European Session – Oil stabilizes at $29, Canadian dollar bounces

Posted on January 18, 2016 at 3:42 pm GMT

Currency markets are starting the week off on a calmer note, benefiting from a slight improvement in risk appetite. The safe haven Japanese yen weakened as a result and was one of the worst performing major currencies on the day. A quiet economic calendar helped keep markets subdued. It is also a bank holiday in the US. However the week will get busier, with market focus turning to central bank meetings in the Eurozone and Canada, while investors will also [..]

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