Outlook

Appetite for market risk is very low

Tuesday January 22: Five things the markets are talking about Appetite for risk in this holiday shorted week starts on the low side with Euro and Asia equities under pressure in their respective sessions, along with U.S futures, as an uncertain outlook for global trade and growth continues to inhib ...

Commodities Weekly: Gold struggles for upward momentum

Slower Chinese GDP growth in the fourth quarter and a resurgent US dollar have taken a bit of the shine off some commodities. NOTE: The US government shutdown is still preventing the publication of the weekly Commitment of Traders report by CFTC. The latest published data is only at December 18. Pr ...

TheDailyGold Premium Update #605

The 21-page update was published Monday afternoon. In this update we opine on the sector outlook and our trading strategy for some names we hold and some on the watch list.   ...

Oil Rises Despite Weak Chinese GDP Data

Oil prices edged up on Monday, reversing earlier losses, as investors shrugged off data that confirmed China’s slowing economy and instead latched on to positive supply-side drivers for the market. Brent crude oil futures LCOc1 were up 12 cents at $62.82 a barrel by 12:27 p.m. EST (1727 GMT), ...

IMF Cuts Global Growth Forecast for 2019 and 2020

The International Monetary Fund on Monday cut its world economic growth forecasts for 2019 and 2020 due to weakness in Europe and some emerging markets, and said failure to resolve trade tensions could further destabilize a slowing global economy. In its second downgrade in three months, the global ...

As IMO 2020 lures newcomers to bunker sector, profit is far from guaranteed: Fuel for Thought

A pharmaceutical company’s ill-fated attempt to focus on trading bunker fuel derivatives highlights the unpredictability that IMO 2020 has injected into oil markets. Having sold off its opioids business the previous year, in early 2018, Norway’s Vistin Pharma announced it would set up a new oil ...

USD/JPY – Japanese yen steady, investors eye BoJ statement

USD/JPY is quiet at the start of the week. In Monday’s North American session, the pair is trading at 109.67, down 0.09% on the day. In economic news, U.S banks are closed for a holiday. With no U.S or Japanese events on the schedule, traders can expect limited movement from the pair on Monday. O ...

US Stocks Led Last Week’s Rebound

Global equities, real estate and commodities posted solid gains last week, offsetting losses in bonds. Overall, it was a mixed week for the major asset classes, but an upside bias clearly dominated. Vanguard Total Stock Market (VTI) topped the winner’s list for the trading week ended Friday, Jan. ...

USD/CAD – Canadian dollar steady, U.S. markets off for MLK Day

USD/CAD has posted small gains in the Monday session. Currently, the pair is trading at 1.3298, up 0.23% on the day. There are no U.S. or Canadian events on the schedule, so traders can expect limited movement from the pair during the day. On Tuesday, Canada releases Manufacturing Sales for Novembe ...

Macro Briefing: 21 January 2019

China’s economic growth decelerated to 28-year low in 2018: CNBCIsrael attacked Iranian forces in Syria: NBCIs the Fed the source of this year’s rebound in stocks? NY TimesSenate GOP leader to introduce bill this week to reopen gov’t: PoliticoTrump-Pelosi battle rages on over gov’t shutdown ...