The numbers via oilprice.com on Twitter:The EIA estimates to be released tomorrow at 10:30 AM show:Crude oil drawdown of -2.265 million barrelsGasoline inventories drawdown of -1.587 million Distillates drawdown of -1.083 million--This data point is from a...
Forexlive Americas FX news wrap: US dollar falls after strong two-year Treasury auction
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Australia CPI data highlights another quiet release day in the Asian Pacific markets
The economic calendar is light in the new trading day. The weekly private API data will start the session when it is released at 5:30 PM ET. Later at 9:30 PM ET, the Australia month CPI for July will be released. The monthly CPI data from Australia does not show all...
Dow closes at another record level. S&P and Nasdaq rise modestly after falling on Monday
The Dow industrial average closed higher and at a record level for the second consecutive day. The record was only by the smallest of margins (well almost the smallest). The Dow industrial average only rose 0.02% on the day.The broader S&P and NASDAQ indices also...
The very simple case for buying gold
Gold came under some selling pressure earlier today but has rebounded and is trading $7 higher to $2524 in what would be the highest daily close ever.Since hitting an intraday record high of $2531 last week, the noise around the gold market has been remarkably quiet,...
Fed discount rate minutes: Chicago and New York directors favored cuts
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
White House: Iran is ‘postured and poised’ to launch an attack on Israel
Iran supreme leader Ali KhameneiWhite House spokesman Kirby said the US believes Iran is postured and poised to deliver an attack on Israel.A couple weeks ago, there were reports of an 'imminent' attack on Israel that didn't come to pass so I don't believe the market...
Libya Outages and Middle East Tensions Spark Supply Concerns. WTI Nears key $77.40 Resistance
Brent, WTI Oil News and AnalysisGeopolitical uncertainty and supply concerns have propped up oilOil prices settle ahead of technical area of confluence resistanceWTI respects major long-term level but geopolitical uncertainty remainsThe analysis in this article makes...
Japanese CPI and Ueda’s Comments Prop up the Yen Ahead of Powell’s Address
Japanese Yen (USD/JPY) AnalysisBoJ encouraged to stick to the plan as inflation continues above targetJapanese CPI remains at 2.8% - the same as last month and beats estimate of 2.7%USD/JPY gains prove short-lived ahead of Powell’s address at Jackson HoleBoJ...
EUR/USD Underpinned by Better-Than-Expected Euro Area PMIs, Weak US Dollar
EUR/USD Underpinned by Better-Than-Expected Euro Area PMIs, Weak US DollarEuro Area composite PMI beats expectations but caution neededGerman manufacturing woes continueCan Powell support an ailing US dollar?Economic activity in the Euro Area picked up in August,...
EUR/USD and GBP/USD Rallies Fuelled by Ongoing US Dollar Weakness
EUR/USD and GBP/USD Rallies Fuelled by Ongoing US Dollar WeaknessEUR/USD and GBP/USD LatestThe US dollar is sliding lower as US rate cuts nearEUR/USD and GBP/USD post multi-month highs Recommended by Nick Cawley Get Your Free USD Forecast Get My Guide The minutes of...
Strong Yen Weighed on Japan’s Trade Balance in July, Fed Speakers up Next
Japanese Yen (USD/JPY) AnalysisJapan’s July trade balance likely impacted by a significantly stronger yenEconomists and market participants expect another rate hike this yearUSD/JPY bearish continuation may receive a helping hand from the Fed Recommended by Richard...
US Dollar Remains Weak Ahead of Jackson Hole, USD/JPY and Gold Latest
US Dollar (DXY), USD/JPY, and Gold LatestUS dollar weakens further ahead of key Fed chair speechUSD/JPY looks technically weakGold consolidating Friday’s record high.This year’s Jackson Hole Symposium – “Reassessing the Effectiveness and Transmission of Monetary...
Markets pensive awaiting US PPI data
Will we get to see some fireworks today? The US PPI data coming up later will be the one to watch. And it might take on much more importance, in terms of impact, considering that markets have been rather sidelined for over a week now. It's all about how the US data...
OPEC leaves world oil demand growth forecast unchanged in latest monthly report
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
USDJPY Technical Analysis – All eyes on the US inflation figures
Fundamental OverviewThe generally positive risk sentiment continues to weigh on the JPY as the carry trade remains in cruise control. The market is also less fearful of an intervention before the 160.00 handle as it’s been pretty clear that the Japanese can’t do...
US April NFIB small business optimism index 89.7 vs 88.5 expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Inflation Fears Grip the Market: DJIA Eyes Data Amid Recent Upsurge!
The Dow Jones reaches a 45-day high before investors cash-in profits ahead of this afternoon’s inflation reading. Producer and Consumer inflation has risen for 3 consecutive months, but investors hope for a “cool-down” in April. 73% of the Dow Jones’ stocks trade...
US unveils steep tariff hikes on Chinese chips, cars
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Germany May ZEW survey current conditions -72.3 vs -75.8 expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...