• Oil hovers around 8-week highs

    Oil surged to an eight-week high, as the continuing decline in US oil reserves raised optimism about the oil market outlook. Prices rose after Wednesday’s report showing a fourth consecutive week of declines in US oil inventories. US crude oil inventories decreased by 7.2 million barrels last week to a total of 483.4 million barrels, […]

  • Top market movers for the week ahead

    Monday, June 26, 2017 – German Ifo Business Climate Index (Jun), Core Durable Goods Orders (MoM) (May)(USD). Tuesday, June 27, 2017 – CB Consumer Confidence (Jun) (USD). Wednesday, June 28, 2017 – Pending Home Sales (MoM) (May)(USD), Crude Oil Inventories. Thursday, June 29, 2017 – Retail Sales (YoY) (May)(JPY), HIA New Home Sales (MoM) (May)(AUD), GDP (QoQ) (Q1) (USD). Friday, June 30, 2017 – Manufacturing […]

  • Is the US consumer data as bad as it seems?

    The US Dollar edges up after dipping to a five-week low, but the FED president advised caution because of the global risks.

  • US refineries expect cut in earnings as gasoline stockpiles are record high EIA shows

    Oil companies can go on more drastic measures to preserve margins and reduce reserves.

  • Oil prices retreat after sharp selloff, greenback is under pressure ahead of NFP

    US Oil has dropped below $45 at its lowest point since May 11.

  • Chinese Manufacturing stalls, Gold soars ahead of the uncertain weekends

    Manufacturing PMI report in June shows that the industrial sector in China is stalling.

  • Risky assets halt their rally as Oil turns downwards

    It is not likely to see further risk asset growth any time soon.

  • Oil unwinds gains, BoJ and RBA show optimistic stance on further growth

    The BoJ and RBA Meeting Minutes revealed increasing confidence in global economic growth.

  • Oil bulls jump at the chance to join ascending trend

    Oil prices attempt to rebound on Friday.

  • GBP drops, safe havens rise ahead of UK referendum

    The uncertainty drove the GBP into a steep decline.

  • Key economic updates for the coming week

    Find the economic event schedule for next week in one place.

  • US jobless claims ease post-payroll gloom, prices on gas soar on the EIA report

    Natural Gas futures for July soar by 5%.

  • Chinese stocks drop on exports data, USD sinks on low rate hikes expectations

    Chinese economy showed mixed performance in May.

  • USD is depressed on Yellen’s comments, AUD rises on RBA

    Federal Reserve will cut two planned hikes to just one this year.

  • Oil retreats on surprising EIA estimate, USD grows on NFP expectations

    The USD rallied ahead of the Payroll data.