Barrels of oil, graphics, and oil pumps. Stock Vector illustration.

Oil eyeing 2015 Q3 highs, USD-index in 5-week lows

EU markets closed in positive on back of solid GDP figures and decent figures from the China Foreign Reserves. US markets were more or less in neutral with a slight positive bias with energy and telcom leading the markets higher. S&P took home gains for the second day in a row and has closed above […]

Profits Green Road Sign With Dramatic Clouds and Sky.

EURUSD looks to turn around after six days of losses

Markets continued yesterday with broad based USD-strength and a general positive mood in the markets which followed through in Asia, despite a drop in Hang Seng. The Nikkei closed above the Ichimoku cloud, making the technical outlook changing from negative to positive and USDJPY printed May highs at 109.35 with the outlook negative. Despite an […]

3d house from the money dollars. Business concept

FOMC, RBNZ Unchanged, BoJ surprises – JPY tumbles

Yesterday, The FOMC kept rates unchanged at 0.5% as we expected, but markets reacted very turbulent with first sending the US Dollar higher as the reference to global risks were removed, but ended the day trading lower as the market realised that no rate hikes were mentioned in the statement. Interest rates in the US […]

fed-building

Mixed Sentiment Ahead of FOMC, Oil in new 2016 highs

Markets have been trading more or less sideways in the beginning of this week in light of key statements from the Federal Open Market Committee in the US and important macro figures for developed markets coming up.  Despite oil printing new 2016 highs, weak figures (Durables, Services PMI, Consumer Confidence) from the US put a […]

Chart stockmarket

ECB as Expected; Markets lower on soft earnings, Oil, Manufacturing

Following three days of decent gains in risky assets, markets reversed yesterday on back of uncertainty about global outlook and a drop on oil. Currencies were fairly range-bound and fixed income yields pushing slightly higher, but nothing significant. The big event yesterday was the ECB meeting, where the interest rate and deposit facility were kept […]

Ingranaggi euro

Oil, S&P in new 2016 highs – ECB in focus today

Oil seems to be the main driver for risk at the moment (despite increasing costs for companies) and as the Crude Inventories came out lower than expected due to falling output, oil rallied with WT Crude testing the $44-level before finding offers and has overnight continued on the bid sending the black gold to highest […]

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Draghi, Osbourne and US Housing Market in Focus

After the plunge in oil on Monday, where risky assets sold off on back of the “no agreement”-deal in Doha, most of the lost ground was recovered yesterday. Due to the current high correlation between oil prices and risk, it seems that oil is leading the price action. On the macro front, we saw better […]

Fresh oil being poured during an oil change to a car

Rebound in oil sends risk on the bid

Markets opened lower on Monday on back of Doha meeting over the meeting, where no agreement on the output level of oil was reached. This sent Crude oil down more than 5% and Brent down more than 6% on Monday, but market players saw that as an opportunity to re-enter long positions. In addition to […]

Pump jack group silhouette on a sunset sky background. Extraction of oil. Toned.

Oil Plunges after No Agreement in Doha

Risky assets have reacted with considerable negative opening gaps following the failure to reach an agreement on a cap on the oil production in Doha. Crude Oil gapped to $38.5-area on the opening from a close above $40 on Friday, whereas equity markets also pointed lower on back of this. Fixed Income fell as investors moved […]

An abstract closeup of two gold cast statuettes depicting a stylized bull and a bear in dramatic contrasting light representing a financial market trends on an isolated dark background

Risky assets in bullish mode – oil closing above $40/barrel, printing new 2016 highs

Good morning, Global equities were boosted yesterday as investors reallocated from safe haven instruments on back of a solid increase in Chinese exports. The US dollar was well bid against most peers and this has continued overnight with JPY losing ground as PPI came out lower than expected, sending USDJPY back above 109 this morning […]