XM does not provide services to residents of the United States of America.

XM does not provide services to residents of the United States of America.

oil

  1. XM
  2. oil
post-image

Forex Market Review (Asian Session) – Aussie jumps on GDP; gold at 1-month high ahead of risk events

Posted on June 7, 2017 at 7:23 am GMT

The Australian dollar rallied on upbeat GDP data while the greenback steadied after sharp declines this week. Upcoming key risk events tomorrow dampened risk appetite in the markets as investors were cautious ahead of the UK elections, the European Central Bank meeting, and the testimony to a Senate committee by former FBI Director James Comey. This helped support gold near seven-month highs. The aussie was one of the best performing major currencies against the US dollar in the Asian session [..]

post-image
post-image

Forex Market Review (Asian Session) – Dollar extends decline; aussie rallies after RBA; oil under pressure

Posted on June 6, 2017 at 7:16 am GMT

The dollar was broadly weaker and the yen gained on safe haven demand. The aussie rallied after the RBA meeting. Oil remained under pressure. The Reserve Bank of Australia announced its decision to hold its benchmark interest rate steady at 1.5% and said that its unchanged policy was consistent with sustainable growth and hitting its inflation target. The markets took comfort from the RBA statement and this helped the aussie erase earlier losses to reach a session high of $0.7495. [..]

post-image

Forex Market Review (European Session) – Sterling boosted by election poll; gold hits 6-week high

Posted on June 5, 2017 at 3:10 pm GMT

The dollar was mixed against its major counterparts. The euro slipped and the pound rallied despite soft UK data. Oil prices erased earlier gains while gold hit a six-week high. The pound rose to its highest level against the dollar in over a week after an election poll showed the Torie’s lead was back in double digits. The ICM poll showed an eleven-point lead for Prime Minister Theresa May’s Conservative Party over the opposition Labour Party just days before the [..]

post-image
post-image

Forex Market Review (Asian Session) – Sterling slips after London attacks; oil surges on tensions in the Gulf

Posted on June 5, 2017 at 5:43 am GMT

The dollar hovered near seven-month lows against the yen following Friday’s disappointing US jobs report, while sterling weakened after the news of the attacks in London over the weekend. Gold hit its highest in over six week and oil was lifted due to tensions in the Middle East. The greenback held onto losses made on Friday after the release of the non-farm payrolls report which showed fewer jobs were added to the US economy in May, while the previous two [..]

post-image

Forex Market Review (Asian Session) – Dollar firmer after ADP jobs; all eyes on NFP; oil drops after US decision to withdraw from Paris Climate Accord

Posted on June 2, 2017 at 7:19 am GMT

The dollar consolidated gains made after a solid ADP jobs report on Thursday which gave investors optimism that today’s non-farm payrolls number could also be upbeat. This would strengthen expectations for a rate hike by the Federal Reserve at its meeting this month. The ADP private employment report was better than expected and increased by 253,000 jobs in May versus forecasts for a gain of 185,000 jobs. A separate report showed US factory activity picked up last month after slowing [..]

post-image
post-image

Forex Market Review (Asian Session) – Aussie swings from gains to losses on Australian retail sales and Chinese data; oil rebounds after API

Posted on June 1, 2017 at 7:19 am GMT

The Australian dollar had a choppy session after domestic and Chinese data. The greenback moved higher while oil rebounded from a two-day decline after the API report. The aussie jumped against the greenback to a high of $0.7453 after Australian retail sales were stronger than expected. It reversed gains on disappointing Chinese manufacturing PMI data, which took the currency down to its lowest level since May 12 at $0.7383. China is Australia’s major trading partner. Australian retail sales rebounded sharply [..]

post-image

Forex Market Review (European Session) – Sterling rebounds from 6-week lows; euro shrugs off weak inflation data

Posted on May 31, 2017 at 2:58 pm GMT

The euro and the pound made a comeback in today’s European session, but the dollar was subdued as investors awaited the Fed’s Beige Book for further direction. The euro was one of the stronger performing currencies on Wednesday as traders overlooked weaker-than-expected Eurozone CPI figures to bet on a more hawkish European Central Bank at next week’s policy meeting. Headline inflation fell from 1.9% to 1.4% year-on-year in May’s flash reading, missing forecasts of 1.5%. This was the lowest rate [..]

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.