WTI retreats from daily highs on Baker Hughes data, looks to settle below $70

WTI remains on track to close second straight week lower. Demand outlook stays as the primary catalyst. Weekly Baker Hughes report suggests increasing oil output from the U.S. After losing more than $3 in the previous two days, the barrel of West Texas Intermediate staged a modest recovery bu ...

GBP: UK political impasse wreaking short-term havoc – ING

"GBP/USD's slide from 1.32 towards 1.30 was largely a US dollar story - and to a lesser extent a Brexit impasse story (this was largely in the price at the start of the week)," argue ING analysts. Key quotes "As another crunch EU Council meeting comes and goes without a ...

Netflix Falls 3%

Investing.com - Netflix (NASDAQ:NFLX) fell by 3.36% to trade at $335.06 by 14:07 (18:07 GMT) on Friday on the NASDAQ exchange. The volume of Netflix shares traded since the start of the session was 10.37M. Netflix has traded in a range of $334.57 to $355.80 on the day. The stock has traded a ...

Gold up for the Week, but Down for the Day

Investing.com - Gold prices settled a touch lower on Friday on profit-taking from recent gains, but a weaker dollar and geopolitical worries still helped bullion coast to a third weekly gain. Based on current sentiment, market bulls appeared on track with their aim to take out the $1,250 resistanc ...

Canada: Slowing in retail sales volumes is not necessarily unwanted – RBC

Canadian retail sales dropped 0.1% in August. Paul Ferley, Assistant Chief Economist at RBC Capital Markets, points out that so far during 2018, the monthly increase is one-half of the average reached in 2017. Key Quotes:  “The nominal value of August retail sales declined 0.1% with th ...

Fed’s Kaplan: Two to three additional rate hikes may occur by June 2019

Additional comments from Dallas Fed President Robert Kaplan continue to cross the wires. Key quotes (via Reuters) Inflationary pressure is building but won't run away due to technology, globalization. He assesses currently Fed policy as modestly accommodative. He sees two to three mor ...

Fed’s Kaplan: Not committed on need for more rate hikes above neutral levels

Additional comments from Dallas Fed President Robert Kaplan continue to cross the wires. Key quotes (via Reuters) He’s not committed on need for more rate hikes above neutral levels, depends on productivity. One-to-two year U.S. yields are consistent with Fed's current rat ...

Nigeria stocks lower at close of trade; NSE 30 unchanged

Investing.com – Nigeria stocks were lower after the close on Friday, as in the sectors led shares . At the close in Lagos, the NSE 30 unchanged 0.00%. The best performers of the session on the NSE 30 were Zenithbank (LAGOS:ZENITHB), which unchanged 0.00% or 0.00 points to trade at 22.20 at the ...

MarketPulse: Utilities in Demand as Sentiment Turns Defensive

Investing.com – Utilities were in favor Friday as skittish investors turned defensive even as the broader market rebounded from a selloff the day earlier. Investors seemingly shrugged of the risk that raising government bond yield pose to bond proxies and piled into the utilities, a defensiv ...

Morocco stocks lower at close of trade; Moroccan All Shares down 0.35%

Investing.com – Morocco stocks were lower after the close on Friday, as losses in the Beverage, Distributors and Software&Computer Services sectors led shares lower. At the close in Casablanca, the Moroccan All Shares declined 0.35% to hit a new 1-month low. The best performers of the session ...

USD/CHF Technical Analysis: Greenback bulls nearing parity

USD/CHF is trading in a bull trend above the 200-period simple moving average.  USD/CHF bulls have been knocking at the August high but without being able to beak above the level so far.  Given the strong bull momentum, the bulls could reach the parity level but they would need t ...