Commodities

Fed Minutes to Drive Market as Trade Concerns Recede

The US dollar is mixed ahead of the release of the minutes from May’s Federal Open Market Committee (FOMC) meeting. The central bank held rates unchanged but there is almost 100 probability of a 25 basis points rate hike at end of the June 13 meeting. Commodity currencies were higher at the beginn ...

Trade is Important, but Capital More So

Tensions between the world's two largest economies over trade issues have dominated the agenda in recent weeks.  Trade in goods and services is important.  China is the top market for US goods exports in 2017.   It bought more  $127 bln of US exports last year, a 12% increase after small ...

US Futures Higher on Easing Trade War Fears

Reduced Chinese Tariffs Further Lift Sentiment in Markets US futures are pointing to another higher open on Tuesday, building on Monday’s strong gains and benefiting from an apparent easing in trade tensions between the world’s two largest economies. The postponement of new tariffs by both the U ...

Is Turnaround Tuesday Nearly Over Already?

Corrective forces that took hold in the foreign exchange market yesterday extended their hold today.  However, a cent bounce from yesterday's lows has seen new sales of euro and sterling emerge, and the greenback found bids below JPY111.00.  There is a $600 mln option struck there that will ...

Tech Talk for Tuesday May 22nd 2018

Pre-opening Comments for Tuesday May 22nd U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points in pre-opening trade. Micron jumped $3.24 to $58.72 after announcing a $10 billion share buyback program. The company also announced an arrangement to provide specialty ch ...

Commodity currencies are beaming

  Currency Markets The US dollar has given up some of its gains overnight as investors keenness for Greenbacks has temporarily abated. The shifting dynamics around trade and tariffs does give pause for thought as US dollar bulls are consolidating gains at a very tricky and treacherous junction fo ...

Commodity Currencies are Beaming

Currency Markets The US dollar has given up some of its gains overnight as investors keenness for Greenbacks has temporarily abated. The shifting dynamics around trade and tariffs does give pause for thought as US dollar bulls are consolidating gains at a very tricky and treacherous junction for b ...

Oil Prices Rise: Pushing These Stocks Toward The Top

Oil is climbing today, as it has been for several consecutive sessions. Ultimately, there are two primary causes for the gains in the value of the commodity, one acting as root support and the other acting as the catlystic event that gave the commodity legs. Nonetheless, oil is a massive market, and ...

Brent Tilts Into The Red, But US-China Trade Truce Limits Losses

Brent crude oil declined on May 21, surrendering early gains, though the prospect of an easing in trade tensions between the United States and China helped to stem losses. Brent crude futures eased by 12 cents to $78.39 a barrel by 1:52 GMT, having reached a session high of $79.19. U.S. crude future ...

Great Graphic: Euro-Swiss Shows Elevated Systemic Risk

The Swiss National Bank's decision in January 2015 to remove the cap on the Swiss franc (floor on the euro) that it has set at CHF1.20 is seared into the memory of a generation of foreign exchange participants.  It is not exactly clear where the euro bottomed in the frenzied activity that foll ...