Oil price structures show market balance returns in second half of 2021

© Reuters. FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil hub in Cushing By Bozorgmehr Sharafedin LONDON (Reuters) – The oil market is likely to be in balance in the second half of 2021, even though European coronavirus lockdowns and U.S. winter storms caused disruptions in March, crude and […]

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OPEC+ debates whether to raise or freeze oil output as price recovers

© Reuters. FILE PHOTO: The OPEC logo pictured ahead of an informal meeting between members in Algiers, Algeria By Rania El Gamal and Olesya Astakhova DUBAI/MOSCOW (Reuters) – OPEC, Russia and other oil producers meet on Thursday to decide whether to keep April output steady or increase it as they weigh a recent price rally […]

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A small bid for risk currencies as UST price slips (10yr yield to its highest in 11 months)

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do […]

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Fed’s Evans sees price spikes ahead, but policy steady

© Reuters. FILE PHOTO: Chicago Federal Reserve Bank President Charles Evans pictured at an event in Mexico City By Ann Saphir (Reuters) – Chicago Federal Reserve Bank President Charles Evans on Wednesday forecast a rapid economic rebound this year, but said monetary policy will need to remain super-easy to boost “too low” inflation, even as […]

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New Zealand – ANZ Commodity Price index for January: +3.6% m/m (prior +1.8%)

ANZ’s indicator of price trends for New Zealand’s 17 main commodity exports, higher for a fourth consecutive month. +3.6% m/m and +4.6% y/y  In NZD terms the gain on the month is not quite so strong due to the higher currency: +2.4% m/m -2.2% y/y — The news today so far from New Zealand has […]

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ECB wants to put a price on climate risk in Lagarde’s green drive

2/2 © Reuters. FILE PHOTO: European Central Bank President Lagarde addresses the European Parliament in Strasbourg 2/2 FRANKFURT (Reuters) – The European Central Bank can help markets price climate risk more accurately to help protect the environment and its own balance sheet, ECB board member Fabio Panetta said on Monday. Joining the fight against climate […]

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Gold keeps steadier on the day but price action still leaves a lot to be desired

Gold continues to be caught in a battle around key technical levels Gold is slightly higher, up by 0.15% to $ 1,844 levels currently but that’s not really telling much as we continue to navigate through the week. Looking at the near-term chart:For bank trade ideas, check out eFX Plus Gold is trading back towards […]

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Analysis: Oil majors beat traders, gas rivals to cash in on LNG price spike

© Reuters. FILE PHOTO: A LNG tanker is tugged towards a thermal power station in Futtsu By Jessica Jaganathan, Benjamin Mallet and Dmitry Zhdannikov SINGAPORE/PARIS/LONDON (Reuters) – Global energy majors including Royal Dutch Shell (LON:) and Total are expected to benefit most from January’s gas price spike, beating rival trading houses and non-integrated producers thanks […]

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UK data – BRC Shop Price Index for November: -1.8% y/y (expected -1.3%)

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do […]

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Oil Rally A ‘Head-Scratcher’ as Price Charges to Fourth Week of Gains

© Reuters. By Barani Krishnan Investing.com – Crude prices posted a fourth straight week of gains returning oil to a bull market ahead of an OPEC+ meeting where the industry’s most powerful were likely to agree not to raise production at this point to preserve the momentum. “It remains a perfect storm of buying from […]

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