WTI fails to extend the previous day’s declines despite the risk-off sentiment.
China's data flashed upbeat outcome but trade war fears raise challenges.
Iraq still not confirmed the OPEC+ output cut to customers.
EIA marked lesser than expected build in inventors, followed API’s footsteps.
Traders should be celebrating this action as it will give us a fresh crop of opportunities.
Stocks quotes in this article: AMZN, AAPL
The shift in market sentiment since Wednesday has been remarkably abrupt. On Wednesday market participants were celebrating a promising Covid-19 treatment, an
AUD - Australian Dollar
The AUD outperformed all major counterparts again through trade on Tuesday, extending above resistance at 0.6460 to break above 0.65 and touch intraday highs at 0.6514. Risk sentiment continues to improve and the AUD capitalised on broad based US dollar losses throughout the
WTI remains on the front foot while extending recoveries from Wednesday.
Kuwait recently volunteered for output cuts ahead of the OPEC+ deal’s execution date.
The black gold ignores downbeat growth forecasts, mild risk-off sentiment.
US data, Baker Hughes Rig Counts and coronavirus updates are likel
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Pivot (invalidation): 10445.00
Our preference Short positions below 10445.00 with targets at 10200.00 & 9960.00 in extension.
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The dollar has traded firmer for a second day, rebounding from recent underperformance, which was a reflection of the Fed's aggressive actions to satiate demand for dollars. More broadly, global markets have settled in what are comparatively narrowly ranges by recent standards. The pound is showing
USD/CHF portrays buyers’ exhaustion despite the absence of losses since Tuesday.
December month low will be the key to watch.
USD/CHF trades mostly unchanged around 0.9730 while heading into the European session on Friday. The pair formed a Doji candlestick on the daily (D1) chart by Thursday’s end
Pretty much an empty calendar in the European morning
Good day, everyone! Hope you're all doing well as we look to get things going in the session ahead. It's another steady start to the trading day with the yen holding a tad weaker once again, similar to yesterday.
Markets continue to stay more
Finland's trade balance registered a surplus in June after a deficit in the previous year, data from the Finnish Customs showed on Friday.
The trade balance showed a surplus of EUR 208 million in June, after a deficit of EUR 128 million in the same period last year.
Exports declined 3.0 percent year
The European Union (EU) Commissioner Pierre Moscovici is out on the wires now, via Reuters, noting that he does not think that "no-deal" Brexit is the favored option.
We also need to prepare ourselves for a "no-deal" being option on the table.
Britain would still have to pay its c
Treasury yields continue to push higher on the session
10-year yields are now up by more than 4 bps to nearly 1.60% with US futures also trading at the highs up by around 0.6%. European stocks are also holding more solid on the session with gains around 1% across major indices in the region.
US futures are trading a little in the red at the start of the week, as European indices turned flat after earlier gains in light trade.
Everyone is focused on the various political issues this week, despite there being some notable economic releases that will obviously command some attention. None
BOSTON (Reuters) - Hedge fund Hoplite Capital is returning money to outside clients after a period of sluggish returns, the firm’s founder, John Lykouretzos, told investors in a letter on Wednesday.
John Lykouretzos, founder and chief investment officer at Hoplite Capital Management, speaks
Analysts at TD Securities expect the BCB to cut rates by 50bps in order to provide further economic support to a struggling economy that is at risk of undershooting its inflation target this year.
“The improved prospect for a solid pension reform has improved the risk/reward profile that
Blockchain payments company Ripple on Wednesday revealed that it has sold $251.51 million in XRP in the second quarter of 2019.
According to the Q2 report, the company sold $169.42 million in XRP the previous quarter, which makes a 48 percent jump in sales in the recent quarter.