Caution returns as inflation fears mount
By Lukman Otunuga, Senior Research Analyst at FXTM Stocks in Asia were shaky on Tuesday morning following the lack of cues from Wall Street overnight due to the U.S. Memorial Day holiday. Nevertheless,...
View ArticleWhat’s the good oil?
By Jeffrey Halley Oil markets are on the move Thursday morning, with oil prices dipping by 2.0% in early trading after the Financial Times reported that Saudi Arabia has indicated to western allies it...
View ArticleBeijing reopening dulls NFP retreat
By Jeffrey Halley Wall Street had another schizophrenic day on Friday as May US Non-Farm Payrolls outperformed, rising by 390,000 jobs, slightly less than April, but well above market forecasts of...
View ArticleA target on your back
By Jeffrey Halley With a dearth of heavyweight data this week until Friday’s US CPI, we are likely to experience choppy trading, driven by swings in sentiment and headlines hitting the news ticker....
View ArticleBlack Monday in Asia on China risks
By Jeffrey Halley It is turning into a Black Monday in Asia after US and European equity markets were pummelled on Friday, as China risks also rise again. Oil retreated again Monday as a US recession...
View ArticleFrisky Thursday as Nord Stream online, partly
By Jeffrey Halley Thursday is shaping up to be a frisky day for financial markets, but nothing was more important than the 6am news in Berlin that the official Nord Stream 1 maintenance period...
View ArticleMarkets worried by recession fears
By Lukman Otunuga, Senior Research Analyst at FXTM Asian shares edged cautiously higher on Tuesday, tracking a rebound in Wall Street overnight, despite disappointing economic data from China and the...
View ArticleWorst yet to come?
By Craig Erlam It was another remarkable day in financial markets and it, unfortunately, doesn’t feel like the worst is behind us. Fear has once again gripped the markets, concerned about a repeat of...
View ArticleRBA on hold, Chinese sluggish recovery
By Craig Erlam The Australian dollar fell further Tuesday morning despite the RBA holding interest rates steady and warning that further tightening may be necessary. The central bank warned that...
View Article‘Aussie’ falls as RBA leaves rates on hold
By Craig Erlam The Australian dollar softened Tuesday after the RBA opted to leave the Cash Rate at 4.1%, but warned some further tightening may be required. The decision and statement – the first...
View ArticleUBS: Oil market remains complacent on supply risks
The weekend US strikes in the Middle East are reminders that a fluid geopolitical situation may compound an oil market already in deficit, UBS said in its latest Investment Research report. Recent data...
View ArticleOPEC’s voluntary production cuts extended to 2Q
By Giovanni Staunovo Back in November 2023, eight OPEC+ member states announced additional voluntary production cuts of 2.2mbpd for 1Q24. As expected, the eight OPEC+ member states announced on Sunday...
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Oil ends week in negative territory, despite tensions
By Naeem Aslam As geopolitical tensions escalate further after attacks by Israel on Iran, crude oil prices closed the week on a volatile note. Interesting to note when it comes to oil prices is that...
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Investors eye two stocks, oil may retrace
By Naeem Aslam European and US stocks are trading mixed as investors pay close attention to recent escalation in the war between Israel and Hezbollah. The main concern is whether we will witness...
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UCy: CCLEI upward trend continued in December
The annual growth rate of a leading indicator used to predict the future direction of economic movements in Cyprus, continued on an upward trend for the seventh consecutive month in December, as a...
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Dollar strives for firm footing on slow Eurozone growth
The EURUSD currency pair is seen sliding to near 1.0470 in Friday’s European session, showing signs of weakness after the release of the Hamburg Commercial Bank’s preliminary purchasing managers index...
View ArticleCrude oil retreats as OPEC+ to add 138,000 bpd output
By Giovanni Staunovo, Strategist, UBS Switzerland AG Oil prices have given up all of this year’s gains, with prices now trading at the lowest level since December amid US tariff news and the...
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