Emerging Global and Domestic Markets

OPEC and Russia Agree on Outline of Output Cut Extension

OPEC and Russia have crafted the outline of a deal to extend their oil production cuts to the end of next year, although both sides are still hammering out crucial details, according to people involved in the conversations.The Organisation of Petroleum Exporting Countries and several non-OPEC nati ...

USD/CAD – Canadian Dollar Inches Higher, Investors Search for Cues

The Canadian dollar has ticked lower in the Friday session. Currently, USD/CAD is trading at 1.2715, up 0.05% on the day. On the release front, there are no major indicators. Canada releases Corporate Profits, and the US will publish manufacturing and services PMIs. Janet Yellen is winding up her t ...

Has Putin Become OPEC’s Most Influential Player?

For more than half a century, Saudi Arabia’s oil minister could move markets with a few choice words about what OPEC may decide at its next meeting, generating millions if not billions of dollars of profit for insiders.Not anymore. While OPEC’s gatherings still influence prices, it’s not Sau ...

Putin Crowns Himself OPEC King

For more than half a century, Saudi Arabia’s oil minister could move markets with a few choice words about what OPEC may decide at its next meeting, generating millions if not billions of dollars of profit for insiders. Not anymore. While OPEC’s gatherings still influence prices, it’s not Sau ...

Despite easing today the Yuan is on a roll

SHANGHAI, Nov 24 (Reuters) – China’s yuan weakened against the U.S. dollar on Friday, with strong corporate demand supporting the greenback but the Chinese currency is on course for its best week in more than a month. Prior to market opening, the People’s Bank of China (PBOC) set the official ...

Ringgit Consolidates into the weekend

KUALA LUMPUR, Nov 24 — At 9am, the local unit was traded at 4.1180/1210 against the greenback from yesterday’s close of 4.1050/1100.  OANDA Head of Trading Asia-Pacific Stephen Innes told Bernama that the ringgit was on the upside, the past few days, but opened easier against the US dollar ...

Why a drop in Chinese stocks is a positive sign

Investors in China, or emerging markets in general, shouldn’t see the drop as a portent of inevitable doom ...

Ringgit appeal

Currency traders are pricing in a rate hike by Bank Negara Malaysia (BNM) as early as January next year, and the current wind behind the ringgit could see it strengthening further against the greenback. The local unit closed at a fresh year-high of RM4.11 against the US dollar yesterday, bolstered ...

USD limps out of Thanksgiving Holiday ” Wobble Wooble”

USD limps out of Thanksgiving Holiday ” Wobble Wobble.” As to be expected the overnight session was very quiet as is typical with most US Traders off to celebrate Thanksgiving.However, if you were long EURUSD, there was much to be thankful as the single currency continued to gather steam and ee ...

Gold Has Been on A Tear All Year - Rory Hall

November 23, 2017 The way gold has been moving the past few weeks, it’s easy to overlook the 11% growth it is enjoying during 2017. As we move towards year end , we see gold has been flat while suffering attack after attack from the banking cabal. The charts over the past ten trading day have t ...