Crude Oil (CL) News, Page 1

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    Trump Wants a Strong US Dollar but Not Too Strong; Trade War Escalates

    The dollar index reached the one-year highs on Wednesday due to the demand for safe assets. USDX reached level 95.43 on Thursday, breaking the peak levels from November and May-June. However, Trump’s comments have caused pressure on the American currency, throwing the dollar from the recently achieved highs.The U.S. president, in an interview

  • Risk Ahead blue road sign

    The Week Ahead – Trade in Focus, with Draghi and Juncker in the Spotlight

    On the MacroFor the Dollar, key stats include existing June existing home sales and new home sales on Monday and Wednesday respectively, July private-sector PMI numbers on Tuesday, the weekly jobless claims, trade data and June durable goods orders on Thursday and 1st estimate 2nd quarter GDP numbers and July

  • U.S. Dollar and Commodities

    Whip-Sawed U.S. Dollar Fuels Commodity Market Volatility

    Commodities had a volatile week with some of the price action driven by the two-sided U.S. Dollar and some by market related fundamentals. Overall, hawkish testimony from Fed Chair Jerome Powell and negatively-viewed comments from U.S. President Trump seemed to be the main catalysts driving a few of the markets

  • Gold Friday

    Precious Metals Hover Near One-Year Lows As Dollar Faces Pressure Post Trump’s Comment

    Gold prices eased for a sixth straight session on Friday, hovering near a one-year low hit in the previous session, as the dollar traded close to a one-year high. XAUUSD was down 0.3% at $1,218.72 an ounce at 0352 GMT. In the previous session, it fell to its weakest since

  • Stocks Lower

    Don’t Look Now, but Stocks Could Finish Lower This Week

    U.S. equity markets are trading lower on Thursday. Although the newswires haven’t centered on the reason for today’s weakness, I suspect they’ll have some reason by the end of the day.From the headlines throughout the week, at a glance, one would think the stock markets have been booming this week.

  • Gold

    Gold Price Declines for Second Consecutive Session

    XAUUSD was down 0.2% at $1,223.56 an ounce at 0703 GMT. The yellow metal slipped to its lowest since July last year at $1,220.41 an ounce earlier in the session. U.S. gold futures for August delivery were 0.4 percent lower at $1,223.20 an ounce. The gold market is just following

  • Global Stocks Edge Higher

    The Potential of USD Growth is Limited, Global Stocks Edge Higher after Powell’s Testimony

    The Fed’s confidence that the years ahead of the low unemployment and sustained growth have increased the demand for risks at the stock markets. As a result, S&P500 has overcome the downturn of the previous two trading sessions and has updated the highs since February, rising by 0.6%. The credibility

  • Gold

    Gold Hits One Year Low Post Powell’s Hawkish Speech

    XAUUSD continued to decline on Wednesday’s Asian session hitting lowest since last July at $1223.57 after it fell 1% and hit it’s the day’s lowest at $1,225.58 on Tuesday’s American market hours. U.S. gold futures for August delivery were little changed at $1,227 an ounce.The dollar index which measures the

  • GBP/USD weekly chart, July 16, 2018

    UK Inflation to Drive the GBP, with Trump and Powell to Direct the USD

    Earlier in the Day:Following a relatively busy start to the week, there were no material stats scheduled for release through the Asian session, leaving the markets to consider Powell’s Tuesday testimony to the Senate, Trump’s sudden backtrack on his agreement that Russia had not meddled in the 2016 Presidential Election

  • Powell’s Testimony on Impact of Trade Tensions Will Set the Tone Today

    Stocks are trading lower shortly ahead of the congressional testimony of U.S. Federal Reserve Chairman Jerome Powell. The price action is being primarily driven by position-squaring ahead of the Fed chief’s testimony and disappointing news from Netflix shortly after yesterday’s cash market close.As far as Powell is concerned, the markets

  • Oil prices drop sharply

    Markets Under Pressure after Oil Hits 3-Month Lows, Powell’s Testimony in Focus

    After returning to the highs area since March, the American S&P 500 lost growth momentum in anticipation of further signals from the economy or the Fed’s chairman.The dollar index has continued its decrease since Friday, losing 0.8% in the meantime and failing to stay in the area of year highs near 95. The pair EURUSD managed

  • Gold Prices

    Gold Price Steady As Greenback Remains Relatively Unchanged

    XAUUSD was up 0.1% at $1,241.20 an ounce at 0420 GMT, while U.S. gold futures for August delivery were up 0.1% at $1,241.60 an ounce. The dollar index was steady against major peers on Tuesday, as investors awaited Federal Reserve Chairman Jerome Powell’s first congressional testimony for any clues on

  • Trump-Putin

    The Trump – Putin Helsinki Show

    While Trump was credited to the ‘Art of the Deal’ along with journalist Tony Schwartz, references to which have left the global financial markets in sometimes bewilderment, some of the negotiation tactics seem to be more akin to Sun Tzu’s The Art of War than the Art of the Deal.

  • Forex Annual Market Recap - 2017

    UK Stats and FED Chair Powell Put the GBP and USD into Focus

    Earlier in the Day:Following a relatively busy start to the week, with the markets responding to slower growth in China, stats through the Asian session were limited to 2nd quarter inflation figures out of New Zealand, with the RBA meeting minutes also released later in the session.For the Kiwi Dollar,

  • Putin Trump

    Trump: Summit with Putin Off to “Very Good Start for Everybody”

    U.S. President Donald Trump and Russian President Vladimir Putin met for two hours earlier today. The summit, which began after nearly an hourlong delay, lasted more than two hours, longer than the 90 minutes that had originally been planned.Most of the talking before and after the meeting was done by

  • gold

    Gold Moves up from 7 Month Low But Risk for Decline Continues to Exist

    XAUUSD was up 0.1% at $1,242.01 an ounce at 0103 GMT, after marking the lowest since Dec. 12 at $1,236.58 on Friday. U.S. gold futures for August delivery were 0.1% higher at $1,242.40 an ounce. The dollar traded below a 10-day peak hit in the previous session, versus a basket

  • The Week Ahead – Geo-Politics to Continue Driving Risk Sentiment

    On the MacroFor the Dollar, key stats include May business inventory, June retail sales and July NY State manufacturing numbers on Monday, industrial production numbers on Tuesday, housing sector stats on Wednesday and July’s Philly FED manufacturing PMI and weekly jobless claims on Thursday. While focus will be on the

  • Gold Friday

    Gold Falls As Dollar Rally Continues

    Gold prices were muted early Friday as the dollar extended gains from the previous session when strong U.S. inflation data and trade war concerns boosted demand for the greenback. The XAUUSD pair was down about 0.1% at $1,246.11 an ounce at 0050 GMT. U.S. gold futures for August delivery were

  • Steady Buildup of Inflation Allowing Fed to Stay the Course

    According to the U.S. Labor Department, the Consumer Price Index edged up 0.1 percent as gasoline price increases moderated and apparel price fell. The CPI rose 0.2 percent in May, matching economist expectations.The data extracted from the report showed that in the 12 months through June, the CPI increased 2.9

  • Global Stocks Recover

    Oil Prices Drop Back into the June Price Range while USD Strengthens, Global Stocks Recover

    Libya has said it would lift restrictions on exports and production would return to normal levels from close to 0.5M bpd back to 1.3M bpd. Saudi production has also increased by 0.7M bpd to 10.7M bpd in June responding to President Trump’s call for lower prices. Increased production can lead


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