Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE NYMEX WTI at 68.81 is up from 67, while the price trades higher, it can test at 72. But, a fall from 70 open the way to 66-65 medium term. For now while above 67, price might move higher. ICE […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 95.08 tested at 95.41 Wednesday and has then dipped. And can now move to the 21-Days MA at 94.67 which correspond with a rise in EUR to 1.1715. EUR (Euro) at 1.1644 saw a low of 1.1602 Wednesday. The support has held and the single […]

Chicago Agriculture Commodities Traded Higher

Chicago Agriculture Commodities Traded Higher

Chicago Agriculture Commodities Traded Higher $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) agriculture commodities traded higher Wednesday morning, but the upward momentum boosted by declined crop ratings seemed  weak. As of 1459 GMT, the most active December Corn was up 1.5C at 3.6125 bu, and Soybean contract for November delivery rose 1.25c at 8.565, while September […]

GOLD 1 OZ (XAU=X) Support at $1204

GOLD 1 OZ (XAU=X) Support at $1204

GOLD 1 OZ (XAU=X) Support at $1204 GOLD PRICES set new 12-month lows against a rising Dollar on Wednesday in London, touching $1222 per ounce as the US currency rose yet again following weaker-than-expected Eurozone and UK inflation data. Gold bears have the solid overall near-term technical advantage amid a price downtrend on the daily bar […]

Australian Dollar: USD/AUD (AUD=X) uncertainty over the outlook for international trade

Australian Dollar: USD/AUD (AUD=X) uncertainty over the outlook for international trade

Australian Dollar: USD/AUD (AUD=X) uncertainty over the outlook for international trade The Australian Dollar reversed earlier losses during noon trading Wednesday and marched higher ahead of the June employment report, which traders will watch closely for clues about the condition of Australia’s labour market. In late-morning trades, the benchmark S&P/ASX 200 Index is adding 49.30 […]

Twitter and Bloomberg Take on Stocktwits

Twitter and Bloomberg Take on Stocktwits

Twitter and Bloomberg Take on Stocktwits Bloomberg announced today the expansion of its relationship with Twitter, launching a real-time feed of curated Twitter data, so that enterprise clients can incorporate the most financially relevant content into their trading algorithms. Built on the back of Bloomberg’s robust Natural Language Processing techniques and available through the company’s […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Commodities are in a downtrend and under strong Bear influence. PE Note: Crude Oil prices continue to fall on increased supply and reduced demand from China. Libyan production is rising, as is Russian output, and Saudi Arabia is pumping record volumes which is […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 95.01 bounced Tuesday and is now looking Bullish to 95.5, and its prior high at 95.53 is a Key mark. A a clear break there is Bullish USD. EUR (Euro) at 1.1653 moved up to 1.1745 Tuesday, but dipped before testing resistance at 1.176-1.177. A […]

Chicago Agriculture Commodities Traded Higher

Chicago Agriculture Commodities Traded Higher

Chicago Agriculture Commodities Traded Higher $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) agriculture commodities traded higher Tuesday, with Corn and Soybean futures rising over declined crop ratings. As of 1459 GMT, the most active December Corn was up 5c at 3.605 bu, and Soybean contract for November delivery rose 9.5c at 8.5525, while September Wheat was […]

China Building a Free Trade Network

China Building a Free Trade Network

China Building a Free Trade Network Amid a revival of unilateralism and protectionism across the globe, experts hail efforts to safeguard multilateralism and build an open world economy. China and the European Union (EU) on Monday agreed to jointly work to safeguard the rules-based international order, promote multilateralism and support free trade. The agreement was […]

Japanese Yen: USD/JPY (JPY=X) Appreciation is Risk

Japanese Yen: USD/JPY (JPY=X) Appreciation is Risk

Japanese Yen: USD/JPY (JPY=X) Appreciation is Risk The market’s value orientation is a challenge without a clear growth catalyst. Yen appreciation is another risk. Positives include shareholder-friendly corporate behavior, solid company earnings and support from Bank of Japan stock buying. The dollar rose to 112.41 yen from 112.30 yen late Monday. After Mon.’s balance on […]

Australian Dollar: USD/AUD (AUD=X) China to dictate what direction the Australian dollar will move

Australian Dollar: USD/AUD (AUD=X) China to dictate what direction the Australian dollar will move

Australian Dollar: USD/AUD (AUD=X) China to dictate what direction the Australian dollar will move The Aussie underperformed in the weeks of broad US dollar strength following the FOMC and ECB mid-June meetings but so far in July it has been near the middle of the G10 pack. Weighing on AUD have been a pullback in […]

British Pound: USD/GBP (GBP=X) Expect the Pound to be Volatile

British Pound: USD/GBP (GBP=X) Expect the Pound to be Volatile

British Pound: USD/GBP (GBP=X) Expect the Pound to be Volatile The UK’s Brexit proposal would see the country effectively retaining full access to the EU single market for goods but losing access for services. It is closer to a “soft Brexit” than many had anticipated, angering some in the pro-Brexit camp. The proposal reflects the […]

Euro: USD/EUR (EUR=X) Currency-Hedged Positions Attractive for U.S.-dollar Investor

Euro: USD/EUR (EUR=X) Currency-Hedged Positions Attractive for U.S.-dollar Investor

Euro: USD/EUR (EUR=X) Currency-Hedged Positions Attractive for U.S.-dollar Investor The ECB’s negative interest rate policy has made yields unattractive and vulnerable to the improving growth outlook. We expect core eurozone yields to rise. We are cautious on peripherals given tight valuations, political risks in Italy and the upcoming end to the ECB’s net asset purchases. […]

SILVER 1 OZ 999 NY (XAG=X) Hits 12 Month Low

SILVER 1 OZ 999 NY (XAG=X) Hits 12 Month Low

SILVER 1 OZ 999 NY (XAG=X) Hits 12 Month Low The silver bears have the solid overall near-term technical advantage. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at the July high of $16.26 an ounce. The next downside price breakout objective for the bears is closing prices below […]

US Considering Crude Oil Waiver on Iran Sanctions for 1 Country

US Considering Crude Oil Waiver on Iran Sanctions for 1 Country

US Considering Crude Oil Waiver on Iran Sanctions for 1 Country $OIL, $USO The Trump Administration is pushing countries to cut all imports of Iranian Crude Oil from November on. The US wants to avoid disrupting global Crude Oil markets as it reimposes sanctions against Tehran and in certain cases will consider waivers for countries […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary:Nothing new. PE ICE Brent Crude 72.25, +0.57% below support at 73 and now targets 70. The sharp fall in Crude Oil prices came in after comments from US Treasury Secretary Steven Mnuchin stated that the administration will consider the use of waivers for countries to […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.545, as he 34-Day MA on the daily line is support at 94.40. Want to see a rise in the EUR to 1.175 that implies that .DXY could break above or below that support, We wait. EUR (Euro) at 1.1707 moved up Monday, marking a […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) agriculture commodities finished mixed Monday morning, with soybean futures rebounding from record lows due to the US-China trade tensions. As of 1454 GMT, the most active Soybean contract for November delivery rose 14.5c at 8.4875 bu, and December Corn was up 3.5c at 3.5825 […]

EU and Japan Free Trade Deal

EU and Japan Free Trade Deal

The European Union’s top officials arrive in Japan Tuesday to sign the single market’s biggest trade deal ever and present a united front as Washington upends the international trade order. EU Council President Donald Tusk and Commission head Jean-Claude Juncker land in Japan after talks in Beijing, where they urged global trade cooperation and warned […]

China Moves for EU Deal

China Moves for EU Deal

Chinese President Xi Jinping met with European Council President Donald Tusk and European Commission President Jean-Claude Juncker on Monday, calling for closer partnership between China and the European Union (EU). “China and the EU are both builders of world peace, contributors to global development and defenders of the international order,” Xi said when meeting with […]

United States Oil (USO) closing below a key short-term level

United States Oil (USO) closing below a key short-term level

United States Oil (USO) closing below a key short-term level Crude-oil prices early Monday were trading sharply lower, with the U.S. benchmark on track to drop beneath a key short-term level that could imply near-term momentum for the commodity is eroding. August West Texas Intermediate crude CLQ8, -0.15% was trading at $69.56 a barrel, off […]

Canadian Dollar: USD/CAD (CAD=X) direction will be governed by broad U.S. dollar moves

Canadian Dollar: USD/CAD (CAD=X) direction will be governed by broad U.S. dollar moves

Canadian Dollar: USD/CAD (CAD=X) direction will be governed by broad U.S. dollar moves The Canadian dollar inched higher overnight. It may be a busy week, but the Canadian dollar’s direction will be governed by broad U.S. dollar moves, at least until the end of the week. On Friday, Canada Retail Sales and Consumer Price Index […]

Euro: USD/EUR (EUR=X) initial support for the pair aligns at 1.1675

Euro: USD/EUR (EUR=X) initial support for the pair aligns at 1.1675

Euro: USD/EUR (EUR=X) initial support for the pair aligns at 1.1675 The EUR/USD pair traded in a relatively tight 50-pip range on Monday as today’s macroeconomic data releases failed to receive a significant enough reaction from the market to shift the pair’s near-term neutral outlook. As we are approaching the end of the day, the EUR/USD pair […]

Japanese Yen: USD/JPY (JPY=X) difficult time setting its next short-term direction

Japanese Yen: USD/JPY (JPY=X) difficult time setting its next short-term direction

Japanese Yen: USD/JPY (JPY=X) difficult time setting its next short-term direction  The USD/JPY pair is having a difficult time setting its next short-term direction on Monday amid a subdued trading action surrounding the FX markets. After advancing to mid-112 during the first half of the day, the USD/JPY pair lacked a follow-through as this move […]

Australian Dollar: USD/AUD (AUD=X) bulls hang in there while bears look for a test below 0.7400 ahead of RBA minutes

Australian Dollar: USD/AUD (AUD=X) bulls hang in there while bears look for a test below 0.7400 ahead of RBA minutes

Australian Dollar: USD/AUD (AUD=X) bulls hang in there while bears look for a test below 0.7400 ahead of RBA minutes Overall, the bias in prices is: Downwards. The projected upper bound is: 0.75. The projected lower bound is: 0.73. The projected closing price is: 0.74. Candlesticks A black body occurred (because prices closed lower than […]

Singapore Dollar: USD/SGD (SGD=X) Upside pressure from a weakened Singapore economy

Singapore Dollar: USD/SGD (SGD=X) Upside pressure from a weakened Singapore economy

Singapore Dollar: USD/SGD (SGD=X) Upside pressure from a weakened Singapore economy Asian currencies were a mixed bag at the start of the new week, with KRW (-0.50%) leading the losses given a bleak economic outlook and risks from the global trade war underscored by officials. INR (-0.21%) was down due to the surge in its […]

SILVER 1 OZ 999 NY (XAG=X) Slip Amid Steep Drop In Crude Oil

SILVER 1 OZ 999 NY (XAG=X) Slip Amid Steep Drop In Crude Oil

SILVER 1 OZ 999 NY (XAG=X) Slip Amid Steep Drop In Crude Oil Gold and silver prices were modestly lower in early-afternoon U.S. trading Monday. Both markets are hovering near their 12-month lows set last week. Scant risk aversion in the marketplace the past several weeks has most traders and investors avoiding the safe-haven metals. […]

GOLD 1 OZ (XAU=X) hovering near their 12-month lows

GOLD 1 OZ (XAU=X) hovering near their 12-month lows

GOLD 1 OZ (XAU=X) hovering near their 12-month lows Technically, the gold bears have the solid overall near-term technical advantage. A three-month-old downtrend is in place on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at the July high of $1,266.90. Bears’ […]

China and Russia back Iran

China and Russia back Iran

China and Russia back Iran The enemy of my enemy is my friend is an ancient proverb which suggests that two opposing parties can or should work together against a common enemy. Moscow and Tehran are expanding economic cooperation, with Russia planning multi-billion dollar investments in Iran’s energy sector. The move comes as major Western […]

Trade War Casualties

Trade War Casualties

Some US manufacturers are delaying investments and raising prices as President Donald Trump escalates trade wars with key US economic partners but most companies report no change, according to a survey released Monday. The National Association for Business Economics also found in its monthly report that members unanimously expected economic growth to continue in the […]

World’s Biggest Oil (USO) Traders are Counting Hefty Losses

World’s Biggest Oil (USO) Traders are Counting Hefty Losses

World’s Biggest Oil (USO) Traders are Counting Hefty Losses The world’s biggest oil traders are counting hefty losses after a surprise doubling in the price discount of U.S. light crude to benchmark Brent in just a month, as surging U.S production upends the market. Trading desks of oil major BP and merchants Vitol , Gunvor […]

China and the Trade War

China and the Trade War

China and the Trade War Beijing has filed a complaint with the World Trade Organization (WTO) against planned US duties on $200 billion worth of Chinese products, China’s Ministry of Commerce announced on Monday. Last week, the ministry said it would immediately file a complaint to the WTO against what it called US unilateralism. In […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary:Nothing new. PE ICE Brent Crude at 74.84, -0.65% bounced from support, while that holds, Brent Crude is Bullish to 78-79 near term. NYMEX WTI Crude at 70.60, -0.58% has room on the Southside but may come 73 on a rise in Brent Crude, may not […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.73 dipped from resistance near 95, and now a dip to support 94.0-94.2 is possible in here. EUR (Euro) at 1.1682 broke below the 21-Day MA at 1.16 Friday, but is trading above it now. Another week of range trade within 1.175-1.16 could follow. USD/JPY […]

Chicago Agriculture Commodities Finished Mixed 

Chicago Agriculture Commodities Finished Mixed 

Chicago Agriculture Commodities Finished Mixed $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) agriculture commodities finished  mixed Friday, with soybean futures ending at record lows on ongoing US-Sino trade frictions. The most active Corn contract for December delivery went down 4.5c, or 1.25% to close at 3.5475 bu. November Soybean delivery dropped 15c, or 1.77% to […]

Trade War: It’s Still Boom Time in China

Trade War: It’s Still Boom Time in China

Trade War: It’s Still Boom Time in China China’s gross domestic product expanded 6.8 percent year on year in the first half of 2018 to about 41.90 trillion yuan (6.27 trillion U.S. dollars), data from the National Bureau of Statistics (NBS) showed Monday. In the second quarter, China’s GDP rose 6.7 percent year on year, […]

Australian Dollar: USD/AUD (AUD=X) Focus on RBA’s Meeting Minutes

Australian Dollar: USD/AUD (AUD=X) Focus on RBA’s Meeting Minutes

Australian Dollar: USD/AUD (AUD=X) Focus on RBA’s Meeting Minutes The Aussie found support in equities, settling against its American rival at 0.7423, as Wall Street closed the week with solid gains, offsetting the sour tone of base metals amid concerns related to the escalating trade war between the US and China. The pair, however, has […]

Singapore Dollar: It’s Time to Own USD/SGD (SGD=X)

Singapore Dollar: It’s Time to Own USD/SGD (SGD=X)

Singapore Dollar: It’s Time to Own USD/SGD (SGD=X)  Yen, Swiss franc, Singapore dollar and the greenback top picks Emerging market FX seen struggling; Kiwi worst G10 performer If a U.S. or global recession is looming, it’s time to own the Swiss franc, Singapore dollar, U.S. dollar and Japanese yen — and ditch emerging market currencies, […]

Canadian Dollar: USD/CAD (CAD=X) bulls making a fresh attempt to conquer 1.32 handle

Canadian Dollar: USD/CAD (CAD=X) bulls making a fresh attempt to conquer 1.32 handle

Canadian Dollar: USD/CAD (CAD=X) bulls making a fresh attempt to conquer 1.32 handle Momentum beyond the mentioned barrier is likely to get extended towards 1.3265 horizontal resistance before the pair eventually aims to reclaim the 1.3300 handle. On the flip side, mid-1.3100s now seems to have emerged as an immediate support, which if broken might […]

Silver Markets may see possible correction towards 16.46

Silver Markets may see possible correction towards 16.46

Silver Markets may see possible correction towards 16.46 The strong dollar looks likely to remain a significant headwind for gold this week, with bearish price action in the precious metal looking set to continue despite growing risk aversion. Metals traders will be looking ahead to Federal Reserve Chairman Jerome Powell’s testimony on the economy and […]

Japanese Yen: USD/JPY (JPY=X) correcting lower, but still bullish

Japanese Yen: USD/JPY (JPY=X) correcting lower, but still bullish

Japanese Yen: USD/JPY (JPY=X) correcting lower, but still bullish The USD/JPY pair peaked at 112.79 at the end of the week, its highest since last January, before easing partially to end Friday at 112.32. Friday’s decline was moderated when compared to previous weekly gains, as the pair held firmly above the 112.00 figure. The positive […]

President Trump, “Oil Prices are too high, Not good”

President Trump, “Oil Prices are too high, Not good”

President Trump, “Oil Prices are too high, Not good” $USO, $OIL, $UGA “An SPR release would have a psych impact on the market. It may not translate into lower gasoline prices, but it would immediately bring down Crude Oil prices until the market adjusts” The Trump Administration is considering tapping into the nation’s emergency supply […]

Oil Price: Iran has threatened to block the Strait of Hormuz

Oil Price: Iran has threatened to block the Strait of Hormuz

Iran has threatened to block the Strait of Hormuz, a vital artery for oil shipments from the Middle East. The warning comes in response to the US, which is trying to cut off Iranian crude exports. After pulling out of a landmark international deal curtailing Tehran’s nuclear program, Washington has ordered countries to cease buying […]

Trade War will Raise US Interest Rates

Trade War will Raise US Interest Rates

Trade War will Raise US Interest Rates U.S. financial services firms Morgan Stanley and JP Morgan said Friday that they expect the South Korean central bank to raise the base rate next month on a modest economic recovery and low inflationary pressure. In a monetary policy committee meeting on Thursday, the Bank of Korea (BOK) […]

Trade War Update

Trade War Update

Trade War Update China China said Friday that its attitude on respecting and protecting intellectual property rights (IPR) is serious and its actions are effective, calling the U.S. allegations of so-called IPR theft by China groundless. “In recent months, the United States has repeatedly accused China of stealing intellectual property rights, but it has never […]

United States Oil (USO) holds ground at a more than 2-week low

United States Oil (USO) holds ground at a more than 2-week low

United States Oil (USO) holds ground at a more than 2-week low Oil settled on a mixed note Thursday, with U.S. benchmark prices posting a slight decline but global benchmark prices rebounding from the three-week low they hit a day earlier. A monthly report from the International Energy Agency hinted at an coming slowdown in […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary:Commodities may pause in here. Copper, Gold and Silver are likely to come off in the medium term, and Crude prices are weak. PE ICE Brent Crude at 74.17, -0.38% has some support in here, and could bounce over the next few sessions targeting 77 […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.83 could turn Bullish to 95 if trade war rhetoric continues to rise. Being cautious .DXY in here and would wait for a break below 1.165 and then below 1.16 on the EUR before inferring a Bullish DXY for the next few weeks. Currently, […]

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) agriculture commodities finished higher Thursday, with Soybean futures bounced a bit  after hitting contract lows Thursday amid US-China trade frictions. The most active Corn contract for December delivery went up 6c, or 1.7% to close at 3.5925 bu. September Wheat delivery added 12.75c, […]

SILVER 1 OZ 999 NY (XAG=X) See Corrective Rebounds

SILVER 1 OZ 999 NY (XAG=X) See Corrective Rebounds

SILVER 1 OZ 999 NY (XAG=X) See Corrective Rebounds September silver futures bears have the firm overall near-term technical advantage as prices hit a 12-month low overnight. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at $16.565 an ounce. The next downside price breakout objective for the bears is […]

British Pound: USD/GBP (GBP=X) Benefits From Increasing Worries Over Impact of US-China Trade War

British Pound: USD/GBP (GBP=X) Benefits From Increasing Worries Over Impact of US-China Trade War

British Pound: USD/GBP (GBP=X) Benefits From Increasing Worries Over Impact of US-China Trade War If the US trade deficit is found to have widened on the month, this could see USD exchange rates extending their downtrend tonight. Once it becomes clear how China will retaliate to the latest proposed US tariffs worries over the outlook […]

GOLD 1 OZ (XAU=X) Firmer As Bulls Work To Stabilize Market

GOLD 1 OZ (XAU=X) Firmer As Bulls Work To Stabilize Market

GOLD 1 OZ (XAU=X) Firmer As Bulls Work To Stabilize Market Gold prices are modestly up in early U.S. dealings Thursday. Some short covering in the futures market is featured, following recent selling pressure. Still, buying interest remains squelched by a rally in world stock markets and by a rebounding U.S. dollar index late this […]

Australian Dollar: USD/AUD (AUD=X) risks a visit of 0.7300

Australian Dollar: USD/AUD (AUD=X) risks a visit of 0.7300

Australian Dollar: USD/AUD (AUD=X) risks a visit of 0.7300 The Aussie Dollar could slip back to the 0.7300 handle in the next weeks. Key Quotes 24-hour view: “While we expected a lower AUD yesterday, the rapid decline that took out the strong 0.7380 support was not exactly anticipated. The pressure is still clearly on the downside but […]

Singapore Dollar: USD/SGD (SGD=X) Highlights

Singapore Dollar: USD/SGD (SGD=X) Highlights

Singapore Dollar: USD/SGD (SGD=X) Highlights Asian currencies are seeing some weaknesses on Wednesday, led by CNH (-0.36%), KRW (-0.33%), CNY (-0.33%), THB (-0.29%), TWD (-0.22%), IDR (-0.15%), SGD (-0.13%), MYR (-0.12%), PHP (-0.08%). Markets started getting concerned about trade once again, as China is said to plan countermeasures to US’s proposed 2nd round tariffs. INR […]

Japanese Yen: USD/JPY (JPY=X) stays close to daily highs around 112.50

Japanese Yen: USD/JPY (JPY=X) stays close to daily highs around 112.50

Japanese Yen: USD/JPY (JPY=X) stays close to daily highs around 112.50 The pair trades in fresh 6-month tops around 112.50/60. The greenback remains bid although failed near 95.00. US 10-year yields stay sidelined around 2.86%/2.875. The selling pressure around the Japanese yen remains well and sound so far this week and has now lifted USD/JPY […]

Euro: USD/EUR (EUR=X) Exchange Rate Losses Today

Euro: USD/EUR (EUR=X) Exchange Rate Losses Today

Euro: USD/EUR (EUR=X) Exchange Rate Losses Today The Euro (EUR) has made a small decline against the US Dollar (USD) today, in the wake of data confirming that German inflation rates slowed during June. The finalised figures have shown that base annual inflation slowed from 2.2% to 2.1%, while the monthly inflation rate fell further […]

Europe to Weak for a Trade War

Europe to Weak for a Trade War

Europe to Weak for a Trade War The EU on Thursday slashed its growth forecast for the eurozone in 2018, warning that the rising trade tensions with the United States were hitting the economy. The European Commission, the EU’s executive arm, said the 19-country single currency bloc would expand by 2.1 percent in 2018, lower […]

Trade War Latest News

Trade War Latest News

Trade War Latest News The Chinese commerce ministry has slammed the US plan to impose tariffs on additional imports worth some $200 billion as totally unacceptable, promising a mirror response to defend its national interests. “The Chinese side is shocked by the actions of the US,” a statement on the ministry’s website declared. “In order […]

United States Oil (USO) prices lose 5%, drop back toward $70 a barrel

United States Oil (USO) prices lose 5%, drop back toward $70 a barrel

United States Oil (USO) prices lose 5%, drop back toward $70 a barrel U.S. oil prices dropped back toward $70 a barrel on Wednesday, losing 5% to finish at their lowest in over two weeks. The Energy Information Administration reported that U.S. crude supplies sank 12.6 million barrels last week. The news, however, failed to […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary:Commodities may pause in here. Copper, Gold and Silver are likely to come off in the medium term, and Crude prices are weak. PE ICE Brent Crude 74.62 and NYMEX WTI Crude at 70.76 have fallen sharply. Note: Crude Oil prices started falling yesterday after […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.76 seeing some resistance 94.85, which could produce a dip. If it crosses 94.85, then it could again test 95 yet this week Note: The US CPI data release today would be important stronger than expected CPI inflation would strengthen .DXY. EUR (Euro) at […]

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) agriculture commodities finished lower Wednesday, with Soybean and Corn futures dropping to contract lows, following the news that the US announced a list of tariffs on $200-B of Chinese goods Tuesday. Agriculture grain investors were already worried about the impact of trade frictions […]

The US Will Soon Be the World’s #1 Crude Oil Producer

The US Will Soon Be the World’s #1 Crude Oil Producer

The US Will Soon Be the World’s #1 Crude Oil Producer $USO The EIA sees Crude Oil production climbing next year even with transportation bottlenecks in the country’s most prolific tight (shale) oil play. The Energy Information Administration (EIA) sees US Crude Oil output averaging 11.8-M BPD in Y 2019, up from its 11.76-M BPD […]

Euro: USD/EUR (EUR=X) Has Strong Support but Lacks Upside Momentum

Euro: USD/EUR (EUR=X) Has Strong Support but Lacks Upside Momentum

Euro: USD/EUR (EUR=X) Has Strong Support but Lacks Upside Momentum The euro found strong support in the 11500s and has since seen a bit of a rebound, but momentum and the broader trend aren’t bringing to the table with it much conviction. On the top-side there are the 11800s to contend with (11790 touched on […]

Japanese Yen: USD/JPY (JPY=X) Stopped-out of USD/JPY short

Japanese Yen: USD/JPY (JPY=X) Stopped-out of USD/JPY short

Japanese Yen: USD/JPY (JPY=X) Stopped-out of USD/JPY short USD/JPY is right at the tip of a tightening ascending wedge, implicating it is very near making a sizable breakout. Standing right at the end of the pattern is a well-defined (clean connecting points) trend-line extending down from 2015. The pattern implies a breakout to the upside […]

British Pound: USD/GBP (GBP=X) In Focus Ahead of Keynote Speech by Carney

British Pound: USD/GBP (GBP=X) In Focus Ahead of Keynote Speech by Carney

British Pound: USD/GBP (GBP=X) In Focus Ahead of Keynote Speech by Carney In today’s session, BoE Governor Mark Carney will be speaking which could spark some GBP movement. Meanwhile, investors will be looking to tomorrow’s US Consumer Price Index (CPI) release to see how inflation is faring across the pond. The final German inflation numbers […]

Australian Dollar: USD/AUD (AUD=X) will Resist Further Downside Pressure

Australian Dollar: USD/AUD (AUD=X) will Resist Further Downside Pressure

Australian Dollar: USD/AUD (AUD=X) will Resist Further Downside Pressure Forecasts from analysts at the world’s largest FX dealer, Citibank, suggest the Aussie is likely to resist further downside pressure during the months ahead. The findings are published here as the Australian Dollar suffers a bout of selling owing to another salvo in the global trade […]

A Storm Is Brewing For U.S. Oil (USO) Exports

A Storm Is Brewing For U.S. Oil (USO) Exports

A Storm Is Brewing For U.S. Oil (USO) Exports Two geopolitical developments in recent weeks—U.S. sanctions on Iran and the escalating U.S.-Chinese trade war—are set to reshuffle the U.S. oil flows to the world’s fastest-growing oil market, Asia. On the one hand, the United States is pressing Iran’s oil customers to cut their Iranian crude […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary:Commodities may pause in here. Copper, Gold and Silver are likely to come off in the medium term, and Crude prices are also set dip. PE ICE Brent Crude at 78.08 dipped from  78.80 seen Tuesday. Near term trade within 77-79 is possible, and […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.19 could move to support at 94 Wednesday. A clear break below 94 for .DXY correspond with a break above 1.176 for EUR. If that happens ,DXY could become Bearish to 93.44. EUR (Euro) at 1.1731 saw 1.169 and bounced to 1.174. If it moves […]

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) agriculture commodities finished lower Tuesday, with soybean futures falling for the 2nd straight session, mostly on US-China trade frictions, improved weather conditions in the US Midwest. The most active Corn contract for December delivery went down 6.25c, or 1.7R to close at 3.60 […]

Silver Prices Down Amid Scant Risk Aversion

Silver Prices Down Amid Scant Risk Aversion

Silver Prices Down Amid Scant Risk Aversion Silver prices are moderately lower in early U.S. trading Tuesday. The safe-haven metals are suffering from a perceived lack of geopolitical risks in the marketplace at present. A higher U.S. dollar index today is also a negative for the precious metals markets. August gold futures were last down […]

Australian Dollar: USD/AUD (AUD=X) Draws Support from Fading Trade War Chatter

Australian Dollar: USD/AUD (AUD=X) Draws Support from Fading Trade War Chatter

Australian Dollar: USD/AUD (AUD=X) Draws Support from Fading Trade War Chatter – Aussie is dependent on open trade for its commodities – Fading risks of war have supported AUD’s recent recovery – Yet monetary policy and technical risks overshadow bullish talk A global trade war would hurt commodity-export-dependent Australia and the fallout would weaken the […]

Singapore: USD/SGD (SGD=X) high-cost of living felt by them is all inside their ‘heads’

Singapore: USD/SGD (SGD=X) high-cost of living felt by them is all inside their ‘heads’

Singapore: USD/SGD (SGD=X) high-cost of living felt by them is all inside their ‘heads’  In Parliament today (10 Jul), Trade and Industry Minister Chan Chun Sing distributed charts to MPs in the House, showing that the overall inflation rate has been lower in the last 5 years from 2012 to 2017 compared to that of the previous […]

British Pound: USD/GBP (GBP=X) Stagnates Over Brexit Woes

British Pound: USD/GBP (GBP=X) Stagnates Over Brexit Woes

British Pound: USD/GBP (GBP=X) Stagnates Over Brexit Woes The pound has been hit by uncertainty in the domestic political circles in the UK as resignations from trusted ministers seek to undermine the power of the UK PM May. The British pound was frail on Tuesday after the departure of two key euro skeptic ministers raised […]

Gold Price Bottom: Analysts See Signs That Selling Pressure Is Weakening

Gold Price Bottom: Analysts See Signs That Selling Pressure Is Weakening

Gold Price Bottom: Analysts See Signs That Selling Pressure Is Weakening Gold prices are moderately lower in early U.S. trading Tuesday. The safe-haven metals are suffering from a perceived lack of geopolitical risks in the marketplace at present. A higher U.S. dollar index today is also a negative for the precious metals markets. August gold […]

Trade War Latest Update

Trade War Latest Update

Trade War Latest Update China stays committed to continuously and proactively expanding opening up so as to better cope with unilateralism and protectionism, Premier Li Keqiang said here on Monday. Li, who is in Germany for a three-day official visit, made the remarks at an innovation-themed forum, which is also attended by his German counterpart, […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Still seeing weakness across the board in commodities driving down Crude Oil prices. PE ICE Brent Crude at 78.37 is stable and unable to decide which direction in here. North is limited to 80-81 and will hold for now. A test at 79-80 near term, followed […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 93.7 and bounced. The 34 days MA near 94.3 is next resistance. But, my preference is a move South to 93.44 in here. EUR (Euro) at 1.1752 at rose to 1.179 Monday but faded to 1.175. There is support at 1.173-1.174, after test there the […]

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) agriculture commodities finished lower Monday, with Soybean futures diving, as investors turned to technical selling amid ongoing China-US trade friction. The most active Corn contract for December delivery went down 6c, or 1.61% to close at 3.67 bu. September Wheat delivery fell 7.25c, […]

Canadian Dollar: USD/CAD (CAD=X) Inches Higher

Canadian Dollar: USD/CAD (CAD=X) Inches Higher

Canadian Dollar: USD/CAD (CAD=X) Inches Higher The Canadian dollar is starting the week on a firm note. Friday’s domestic employment report didn’t do anything to prevent the Bank of Canada from promising an interest-rate hike for Wednesday. In fact, it may have encouraged the central bank. Statistics Canada reported 31,900 new jobs were created in […]

Singapore Dollar: USD/SGD (SGD=X) Will be the Best Performers in a Recession

Singapore Dollar: USD/SGD (SGD=X) Will be the Best Performers in a Recession

Singapore Dollar: USD/SGD (SGD=X) Will be the Best Performers in a Recession Yen, francs, and Singapore dollars are the three currencies that Morgan Stanley believes will be the best performers in a recession… I guess Morgan Stanley believes in the so-called safe havens and then throws in Singapore dollars. TRADE WAR: There were few developments […]

Australian Dollar: USD/AUD (AUD=X) Will the Rally Last?

Australian Dollar: USD/AUD (AUD=X) Will the Rally Last?

Australian Dollar: USD/AUD (AUD=X) Will the Rally Last? Movements in the Aussie look set to be determined by sentiment and technicals given a quiet economic calendar. There’s few releases of note in Asia with German trade and current account figures, Eurozone investor sentiment and US consumer credit the only real highlights in the second half […]

Chinese Yuan: USD/CNY (CNY=X) Focus On Chinese Yuan Now

Chinese Yuan: USD/CNY (CNY=X) Focus On Chinese Yuan Now

Chinese Yuan: USD/CNY (CNY=X) Focus On Chinese Yuan Now Near-term dollar weakness is being confirmed by USD/CNH returning to a lower trading range. This dynamic is being supported by China equities which started the week on a positive note, partly on relief that Donald Trump didn’t further escalate the tit-for-tat with China. In the short-term, […]

British Pound: USD/GBP (GBP=X) recovers above mid-1.32s as confidence vote fears ease

British Pound: USD/GBP (GBP=X) recovers above mid-1.32s as confidence vote fears ease

British Pound: USD/GBP (GBP=X) recovers above mid-1.32s as confidence vote fears ease The GBP/USD pair fluctuated wildly on Monday as investors continued to react to political developments in the U.K. After advancing to its highest level since June 14 at 1.3360, the pair came under a heavy selling pressure after British PM Theresa May’s office confirmed the […]

Gold Prices Up As U.S. Dollar Momentum Fades

Gold Prices Up As U.S. Dollar Momentum Fades

Gold Prices Up As U.S. Dollar Momentum Fades Gold prices are moderately higher in early U.S. trading Monday, supported in part by a slipping U.S. dollar index that fell to a three-week low overnight. Some bargain hunting in the cash market and short covering in the futures market are also featured, following recent losses that […]

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