Oil soared on a surprise US inventory drawdown

Oil surged on an unexpected US crude inventory drawdown. Oil is also helped by a slump in USD amid rising equities, softer yields. Crude oil/WTI is now trading around 62.90, in  the New York session, soaring by 2% on a surprise crude inventory drawdown and a supportive EIA repor ...

Fed’s Bostic crossing the wires

Fed's Bostic has been crossing the wires in the US session, supporting the recent bullish outlook for the US economy and the Fed's hawkish rhetoric of late. Fed's Bostic: Things are continuing to look pp, citing the GDP Tracker. Fed's Bostic: The Fed carefull ...

NZD/USD surged on broad USD weakness and hopes for upbeat NZ retail sales

USD is on the back foot on better market mood. All eyes are now on NZ retail sales coming next. NZD/USD is now trading around 0.7350, in the New York session, surging by almost 0.46% on broader weakness in US dollar coupled with hopes of an upbeat retail sales report from NZ, scheduled t ...

EUR/USD´s recovery loses momentum

EUR/USD retreats from its daily highs, but holds on to daily gains. Macroeconomic data being ignored, sentiment still leading the way. The EUR/USD pair regained the 1.2300 level, as despite EU data was generally negative, while US one came upbeat, major pairs are being led by sentiment ...

EUR/GBP: price in a chop, currently supported at 21-hr SMA, where next?

EUR/GBP: in a chop, supported at the 21-hr SMA. EUR/GBP: plenty going on behind the scenes for the cross on Thursday.  EUR/GBP has been in a chop since meeting the European session highs of 0.8863 where the now descending 200-hr SMA capped the cross once again.  Currently, EUR/GBP i ...

EUR/GBP surged on soft UK GDP data and less dovish ECB minutes

GBP is under stress on soft UK GDP data along with ongoing Brexit saga. EUR got some boost from less dovish ECB minutes despite subdued EZ economic data. EUR/GBP is now trading around 0.8848 in New York Session, up by 0.25% on soft UK GDP data and ongoing Brexit saga coupled with less dovis ...

AUD/USD soared on pain in US dollar and an upbeat AU wage data

USD is on the back foot of risk aversion. AUD is boosted by an upbeat Australian wage growth data. The AUD/USD is now trading around 0.7840, in New York session, soaring up 0.5% on broader pain in US dollar coupled with an upbeat Australian (AU) wage data released on Wednesday. A ...

WTI firmer, moves north of $62.00 on EIA

Crude oil prices test highs above $62.00 on EIA report. Oil supplies dropped last week vs. a forecasted 1.8 mbpd build. Baker Hughes’ US oil rig count next on tap on Friday. Prices of the barrel of the West Texas Intermediate are navigating the area of daily highs above the key $62.0 ...

United States Kansas Fed manufacturing activity above expectations (18) in February: Actual (21)

United States EIA Crude Oil Stocks change came in at -1.616M, below expectations (1.795M) in February 16

United States EIA Natural Gas Storage change registered at -124B, below expectations (-120B) in February 16

US stocks bounce back smartly

Major US equity indices opened with strong gains on Thursday and quickly recovered previous session's losses, led by hawkish FOMC meeting minutes.  The minutes from the January Federal Open Market Committee meeting showed that policymakers inclined to continue with a gradual monetar ...

Reality-check for the US Dollar, back to sub-90.00 levels

DXY quickly lost momentum above the 90.00 handle. US 10-year yields testing lows in the 2.91% mark. Gains in DXY faltered beyond 90.20, or multi-day peaks. The US Dollar Index (DXY), which gauges the greenback vs. a basket of its main competitors, is now facing a wave of selling pressur ...

Gold turns positive, snaps four days of losing streak

   •  A modest USD retracement prompts short-covering move.    •  Sliding US bond yields lending some additional support.    •  Reviving safe-haven demand supportive of the up-move. Gold jumped to fresh session tops during the early N ...

Mexico 1st half-month Inflation came in at 0.2%, below expectations (0.24%) in February