Is it metals’ year after all?
Precious and industrial metals are in extending mode of their recent or even all-time highs so far in 2021, on the back of commodity super-cycle optimism. Base metal prices have…
Read More »Market Update – 2020 Day 366 – More grief for the Greenback
USDIndex, Weekly My diary tells me it’s day 366 of 2020. I started my WFH campaign on March 11, when the USDIndex was trading at 96.40 and on its way…
Read More »FX Update – December 30 – USD slips again
AUDUSD, H1 The USDIndex posted down to 89.65 earlier, close to the 32-month low from December 17 at 89.62, before recovering to 89.80 in low volume trading. EURUSD concurrently printed…
Read More »COVID-19 puts on the brakes
Producer sentiment is poised for a November pull-back to still elevated levels, with headwinds from rising COVID-19 fears and emerging lockdown disruptions. The early month components were broadly lower, and…
Read More »Twin US/Canada Jobs reports for August
USDCAD rallied to 1.3118 highs from 1.3078 lows following the twin US/Canada jobs reports. Both were close to consensus expectations, though the USD appeared to have received a broader bounce. The…
Read More »Dollar and Yen see mild weakness
Most USD pairings have remained well within their ranges from yesterday, though the US Dollar and Yen saw mild weakness against most other currencies, outside the cases against the New…
Read More »FX Update – August 12 – US Inflation Rises Again
EURUSD, H1 The July CPI report sharply beat estimates with gains of 0.6% for both the headline and core, following respective June gains of 0.6% and 0.2%, hence leaving the…
Read More »Crude Oil Price Outlook Eyes OPEC Output Restart, US and China Demand
Crude oil prices may be torn between rising demand from the US and China as OPEC+ begins restoring output. Will the non-farm payrolls report give more life to WTI and…
Read More »FX Update – July 24 – USD remains heavy
USDJPY, H1 The Yen has outperformed today as risk aversion took a firm grip on global markets. The Dollar has so far failed to pick up safe haven demand,…
Read More »Oil Price to Stay Afloat as US Output Falls to Lowest Level Since 2018
The ongoing contraction in US production may keep oil prices afloat in June as crude output falls to its lowest level since October 2018.
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