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 […]

Building icon with inscription "Fed". Financial data on computer screen. Multiple exposure

Another round of USD weakness post dovish Yellen – S&P500 in 2016 highs

Markets were fairly range bound in the EU session yesterday, but this changed drastically following Yellen’s comments before the Economic Club of New York, which sent the Dollar Index down with 1% and the US Dollar tumbled against all peers. US and Asian stock markets, less Japan, enjoyed Yellen’s comments as their cost of capital remains […]

Wall Street road sign, Lower Manhattan, New York City

S&P500 Erases 2016 Losses on Back of Fed Actions

The developments in the US markets again took centre stage in yesterday’s trading session. The US dollar continued on the offer on back of the dovish FOMC on Wednesday, sending the USD-Index to lowest levels since October 2015. EUR/USD printed March highs at 1.1342, but did not manage to break clear above the daily Wedge. Emerging market […]