All Articles Tagged - crude oil

Daily Market Comment – Investors lock gaze on Fed decision

Posted on November 2, 2022 at 9:07 am GMT

Fed to hike by 75bps, attention to fall on language Market split on December hike, even after JOLTS upside surprise EU and Asian equities gain, Wall Street slides Will the Fed confirm hopes of slower tightening? The dollar traded mixed against the other major currencies on Tuesday but came under some broad-based selling today, with investors hoping that Fed Chair Powell and his colleagues will hint at slower rate increases when they announce their monetary policy decision later today. The [..]

Daily Market Comment – Dollar extends slide; ECB and BoJ take center stage

Posted on October 27, 2022 at 8:34 am GMT

US dollar drops more on receding bets of Fed rate hikes Euro reclaims parity ahead of ECB decision BOJ expected to maintain ultra-loose strategy EU shares gain but Wall Street falls on disappointing earnings Dollar adds to losses as BoC shift adds to speculation of a Fed pivot The US dollar kept sliding yesterday on firmer views that the Fed will slow the pace of its interest rate hiking cycle. Following Tuesday’s disappointing data, market participants may have become more [..]

Daily Market Comment – Wall Street breaks winning streak as Treasury yields rise

Posted on October 20, 2022 at 8:36 am GMT

Rising Treasury yields weigh on stocks US dollar outperforms all the other majors Canadian inflation data beats forecast Wall Street in the red as yields hit fresh multi-year highs Wall Street closed in the red on Wednesday, breaking its two-day winning streak due to rising Treasury yields and weakness from earnings losers such as Abbott Laboratories more than offsetting strong gains from earnings winners like Netlix. The yield on the 10-year Treasury note hit a 14-year high of 4.18% and [..]

Daily Market Comment – Equities begin the last quarter on positive note; RBA delivers smaller hike

Posted on October 4, 2022 at 8:32 am GMT

Wall Street rebounds on worse than expected ISM PMI Pound extends recovery on UK government’s U-turn RBA hikes by 25bps, RBNZ takes the torch Gold gains on sliding bond yields Wall Street rebounds, yields slide on ISM PMI miss Equities finished the first trading day of this year’s final quarter on a positive note, with all three of Wall Street’s main indices gaining more than 2% as Treasury yields pulled back on the larger-than-expected slide in the ISM manufacturing PMI. [..]

Daily Market Comment – Pound gains in aftermath of UK PM election; euro rebounds as well

Posted on September 6, 2022 at 8:10 am GMT

Sterling wakes up as Truss’s plans could fuel inflation Euro rebounds as well after hitting a two-decade low RBA lifts rates by 50bps and hints neutrality Asian shares cheer China’s pledge for more action Pound outperforms after new UK Prime Minister elected The US dollar took a break at some point yesterday, with the dollar index pulling back after hitting a new two-decade high of 110.23. The currency that benefited the most from the dollar’s breather was the British pound. [..]

Daily Market Comment – Euro takes another shot at parity, stocks stabilize

Posted on August 30, 2022 at 8:48 am GMT

Euro inches higher, short squeeze brewing as ECB rolls out big guns Wall Street futures trade higher, but outlook remains challenging German inflation and US consumer confidence data coming up Euro squeeze? The week started off with a bang as the aftershocks of the Fed’s ‘whatever it takes’ message reverberated across the FX arena. A sharp spike in global bond yields dealt a heavy blow to the Japanese yen, which has been plagued by widening rate differentials, while the British [..]

Daily Market Comment – Dollar steady, stocks fire up as Jackson Hole begins

Posted on August 26, 2022 at 8:25 am GMT

Traders waiting for Powell’s speech – will he right the ship? Little action in FX complex, but stock markets edge higher Oil takes a hit on Iran news, UK raises energy price cap All about Powell The main event today will be the much-anticipated speech by Fed Chairman Powell at 14:00 GMT before the Jackson Hole symposium. This platform has been used in the past to signal strategy shifts, so market participants will be hanging on his lips for any [..]

Daily Market Comment – Dollar closes the week with bruises, oil prices bounce back

Posted on August 12, 2022 at 8:38 am GMT

US dollar heads for weekly losses after inflation shocker curbs rate bets Oil prices and yields tell a different story though, stocks lose some steam Sterling shrugs off UK economic contraction, Michigan survey coming up Dollar vs yields It has been a strange week for financial markets, filled with conflicting signals. The cooldown in both consumer and producer prices sparked hopes that the worst days of inflation were behind us and the Fed wouldn’t need to be quite so aggressive [..]

Daily Market Comment – Dollar smiles after impressive jobs data reinforces Fed bets

Posted on August 8, 2022 at 8:54 am GMT

Another blockbuster US jobs report keeps the wind in the dollar’s sails Yen and gold underperform as yields edge higher, stock markets mixed Oil prices stabilize after sharp selloff, look to US-Iran negotiations Fed bets return Despite several leading indicators warning about a loss of momentum in the US economy, the labor market is still firing on all cylinders according to the latest jobs report. Nonfarm payrolls exceeded forecasts with 528k new jobs added in July, the unemployment rate fell [..]

Daily Market Comment – Earnings season kicks into top gear

Posted on July 26, 2022 at 8:24 am GMT

All quiet on the FX front, traders sidelined ahead of Fed decision Oil prices reclaim some ground on Russian pipeline shenanigans Stock markets await crucial earnings from Microsoft and Google Fed nerves It was a relatively calm session in the FX space. The prevailing theme was a slightly softer US dollar, but nothing to write home about. Most currency pairs traded in relatively narrow ranges, without any impactful data releases or news to drive the price action. Traders are playing [..]

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