It was another messy session overnight with energy, equities, precious metals and currencies trading in wide choppy ranges, diverging in price direction, with no unifying sense of theme emerging. Markets are trying to make sense of a hawkish FOMC that announced a dovish rate hike and believes it can tighten aggressively while maintaining growth. Not […]
Oil retreat continues Oil prices continued falling overnight, powering the equity relief rally on Wall Street which has extended into Asia this morning. New York Empire State Manufacturing Index fell into negative territory overnight, and US PPI came in ever so slightly under expectations. In a market hungry for reasons to buy the dip, that […]
Oil pulls back on positive talks Oil prices have fallen considerably today, off around 7%, on optimism around the Ukraine-Russia talks. Crude is still trading above USD 100 though so there’s still a significant premium in the market as a result of the invasion and disruption to Russian supplies on the back of the sanctions. […]
Oil cautiously higher after mixed messages from UAE Oil prices are rising again, up around 4% on the day at one point, as talks between Ukraine and Russia give little cause for optimism. The risk of further disruption remains high, especially with more sanctions to come that will make life harder for Russia and companies […]
GBP/USD has reversed directions on Thursday, giving up most of the gains from a day earlier. In the North American, session, GBP/USD is trading at 1.3132, down 0.41% on the day. US inflation accelerates to 7.9% In the US, headline CPI continued to accelerate, with a gain of 7.9% for February YoY. This matched the […]
