All Articles Tagged - crude oil

European Session – Pound underperforms in muted trading weighed by ‘hard’ Brexit fears

Posted on September 20, 2016 at 2:53 pm GMT

The British pound underperformed other major currencies in Tuesday’s European session, while uncertainty ahead of the US Federal Reserve and Bank of Japan policy decisions tomorrow kept trading muted. Central bank policy was once again the dominant market theme as the absence of any other headlines meant investors’ focus was on the Fed and the BoJ, which both start their two-day policy meetings today and will announce their decisions tomorrow. The dollar was stuck in a tight range against the [..]

Asian Session – Euro extends gains after ECB disappoints; Oil prices hold at 2-week highs

Posted on September 9, 2016 at 8:34 am GMT

The ECB’s less dovish tone yesterday continued to weigh on risk appetite in financial markets on Friday, while reports that North Korea had carried out another nuclear test also hit sentiment in Asian trading today. The euro jumped to a two-week high of 1.1326 dollars after yesterday’s decision by the European Central Bank to keep monetary policy unchanged. But it later pulled back before reversing upwards again to climb to 1.1284 dollars in Friday’s Asian session. Today’s gains were capped [..]

Asian Session – Yen holds onto gains after GDP revised up, BoJ Deputy speech

Posted on September 8, 2016 at 8:38 am GMT

The yen held on to its gains on Thursday following the dollar’s post-ISM sell-off as an upward revision to Japanese GDP in the second quarter provided further support to the yen. There was muted reaction though to a speech by the Bank of Japan’s Deputy Governor, Hiroshi Nakaso, who signalled that rates could be cut deeper into negative territory. Japan’s economy expanded by an annualized rate of 0.7% in the second quarter of the year, up from the preliminary estimate [..]

Asian Session – Aussie up as RBA holds rates; crude oil prices steady after Russia-Saudi agreement

Posted on September 6, 2016 at 8:21 am GMT

The Australian dollar was one of the biggest gainers in today’s Asian session as the Reserve Bank of Australia kept interest rates unchanged at 1.5% at its September policy meeting. The decision was widely expected but the absence of any fresh signals to cut rates in the near future helped the aussie hold on to the gains it made ahead of the announcement. The aussie advanced to 0.7636 versus the US dollar just before the RBA’s decision before pulling back [..]

European Session – Euro pressured after Eurozone PMI revised down; Oil up sharply on Saudi-Russia deal

Posted on September 5, 2016 at 2:50 pm GMT

Services PMIs for the UK and Eurozone were the highlight of today’s European Session as there was no data out of the US today where markets are closed for Labor Day. The euro came under pressure from a surprise downward revision to the final reading of the Eurozone’s services PMI, while the pound was boosted by a stronger-than-expected recovery in UK services activity in August. The dollar meanwhile continued to drift lower against the yen, hitting an intra-day low of [..]

Asian Session – Dollar softer on profit taking; Strong China PMI lifts commodities

Posted on September 1, 2016 at 8:01 am GMT

The US dollar eased off yesterday’s one-month highs against the yen in today’s Asian session as investors took profits from a week-long rally. The greenback was boosted on Wednesday from strong ADP employment and housing data and the focus now moves to the ISM manufacturing PMI due later today. The dollar peaked at 103.52 yen yesterday and was trading slightly lower at around 103.30 yen in today’s Asian session. Against other currencies, the greenback was mixed as the Australian and [..]

Asian Session – Dollar breaks above 103 yen; BoJ comments add to broader yen weakness

Posted on August 31, 2016 at 8:09 am GMT

Growing expectations that the Fed is poised to raise rates at least once this year lifted the dollar to a one-month high against the yen today. The dollar broke above the 103 level on Monday for the first time since the end of July and extended its gains to 103.27 during today’s Asian session. Fed Vice Chair Stanley Fischer yesterday reiterated Yellen’s views when she spoke in Jackson Hole last Friday that the US labor market is nearing full employment [..]

Asian Session – Dollar rebounds back above 102 yen despite strong Japanese data

Posted on August 30, 2016 at 8:34 am GMT

The dollar rose marginally against major currencies in Asian trading on Tuesday as investors eyed Friday’s non-farm payrolls report. The August jobs report out of the US will be closely watched following the recent hawkish tones of Fed officials, including Fed Chair Janet Yellen herself. The greenback extended its declines at the start of today’s Asian session to hit a low of 101.74 against the yen before reversing to climb to around 102.40 yen in late session. The euro and [..]

Asian Session – Dollar extends gains on Yellen rate comments

Posted on August 29, 2016 at 8:45 am GMT

The US dollar extended its gains in Asian trading on Monday as markets increased their expectations that the Federal Reserve will likely raise interest rates later this year. Speaking at the Jackson Hole Symposium on Friday, Fed Chair Janet Yellen reiterated the hawkish views of other Fed officials in recent days. Yellen said the US economy is “nearing the Federal Reserve’s statutory goals of maximum employment and price stability”. She added that the “case for an increase in the federal [..]

Asian Session – Dollar softer ahead of Yellen; Yen unmoved by weak Japan inflation data

Posted on August 26, 2016 at 8:32 am GMT

The US dollar fell against most major currencies on Friday as traders remained wary ahead of Fed Chair Janet Yellen’s much anticipated speech later in the day at the Jackson Hole economic symposium in Wyoming, United States. The dollar index was down 0.2% on the day as the US currency lost ground against most majors but it was flat against the yen. The Japanese currency came under some pressure after data out today showed inflation in Japan fell deeper into [..]

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.

crude oil

XM Live Chat