USD Poised to Renew Highs on China Covid issues, FOMC Expectations
The dollar has got another growth driver. The PBOC unexpectedly lowered reference rate of CNY/USD which, may indicate its willingness to weaken the yuan against US currency. This is usually seen as...
Precious Metals Monday 14-03-2022
Metals Market Corrects As Risk Sentiment ImprovesThe metals market has started the week on softer footing as risk sentiment rebounds amidst very cautious optimism over a potential truce between...
Preserving cash becomes a top priority for US oil firms, says Occidential Petroleum Corp. CEO
US companies don’t have capacity to quickly restore oil output to pre-pandemic levels despite lucrative market prices which are at their highest levels since 2008, said the CEO of US oil company...
Asymmetry of stagflation risks in EU and US remains key bearish factor for EURUSD
The ECB held a monetary policy meeting on Thursday and sort of announced a reduction in stimulus. However, given recent geopolitical events, markets were clearly hoping for more. EURUSD rallied...
FOMO Friday: Oil Suddenly Drops 20%
Oil PlungesAnother week comes to a close in financial markets and it’s been another week of hoping the violence in Ukraine comes to an end. While, sadly, that doesn’t seem to be the case for now, we...
The Crude Chronicles - Episode 127
Oil Traders Increase LongsThe latest CFTC COT institutional positioning report shows that oil traders increased their net long positions last week in oil. On the back of recent sales, the uptick in...
First Signs of De-Escalation as Room for Russia Sanctions Narrows
European indices entered recovery path with a solid rebound after heavy sell-off on Tuesday, greenback, gold and other defensive assets pare down gains amid early signs of de-escalation of Ukraine...
EUR Rebounding On Hopes Of EU Joint Fiscal Response
EUR Rebounding On Fiscal HopesWe’re seeing a more buoyant tone in EU markets today as investors react to news that EU leaders are preparing a joint fiscal response in reaction to the soaring energy...
Precious Metals Monday 07-03-2022
It’s been a strong start to the week for metals markets with gold prices breaking out to fresh highs on soaring safe haven demand. Risk sentiment has taken another leg lower this week as traders...
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