Oil jumps as OPEC see a well-supported market Oil is trading at a seven-year high and the latest OPEC report offers little hope of that trend reversing course, with the group confident that demand growth will remain strong this year. OPEC sees demand hitting 100m barrels per day in Q3, surpassing pre-pandemic levels this year. […]
The British pound has extended its losses as GBP/USD has fallen for a third successive day. The pair has fallen below the 1.35 line in the European session. US yields hit 2-year high The US dollar has received a boost as 10-year yields have pushed above the 1.80% and touched a 2-year high. The 2-year […]
The US dollar has posted small gains, as USD/JPY briefly punched above the 115 line in the Asian session. The yen looked golden last week with gains of 1.15%, but has given up half of those gains so far this week. BoJ revises inflation forecast The Bank of Japan’s policy meeting are generally uneventful affairs, […]
Oil rally continues as output continues to fall short Oil prices are edging higher again at the start of the week as it continues its remarkable run since bottoming in early December. It’s up more than 30% over that time and there still appears to be momentum in the move. Kazakhstan has seen its output […]
European stock markets moved cautiously higher on Monday as investors were tempted back in after a turbulent start to the year. It’s been a relatively quiet start to the week, with the US bank holiday naturally weighing on activity. With that in mind, I don’t think we can read too much into today’s advances, especially […]
It’s a quiet start to the week for the euro, which is trading just above the 1.14 line in the North American session. The US markets are closed today for Martin Luther King Day, so it’s likely to remain an uneventful day for EUR/USD. There are no tier-1 events on the schedule on Monday, but […]
2021 was a year of affirmation for the Brazilian crypto market with good news in the national stock market, the promise of a CBDC and Brazilian soccer joining the game.
Can earnings season soothe investors’ nerves? It’s been a turbulent start to the year in the markets and that’s unlikely to change as we move into earnings season. Fear of high inflation and accelerated monetary tightening is driving much of the volatility that we’re seeing in financial markets over the last couple of weeks and […]
European energy crisis deepens, while oil continues higher Oil prices are higher again on Friday, continuing to trade around the highest levels seen in more than seven years. We could potentially be seeing some signs of exhaustion in the rally, with momentum indicators easing despite price continuing higher, but we’re not seeing it to any […]