Crude Oil WTI

The equity markets were on a volatile ride on Thursday. A day after equities fell following the Fed rate cut, the markets recovered mid-day. This came following a weak patch of economic reports from the US. Markets rallied on hopes that the…
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The Federal Reserve Bank cut interest rates for the first time in more than a decade. The Fed funds rates were lowered to 2.0%-2.25% on Wednesday. Fed Chair Jerome Powell cautioned that the rate cut was not the start of an easing bias, but…
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The ECB president sent a strong signal to investors expecting an immediate rate cut yesterday. Forward guidance indicated that rates are expected to remain at current or lower levels at least through Q1 of 2020. This is despite the fact…
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The US dollar was seen holding on to its gains, marking a seven-week high. However, with price closing flat on Wednesday, we could expect to see some downside in the near term. Flash manufacturing PMI from Markit showed the index falling to…
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The US dollar was seen nearing a one-week high earlier today. The gains in the greenback come as investors expect the Fed to lower rates by just 25bps. This comes against the initial expectations of a larger rate cut. Meanwhile, BoJ…
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The economic calendar is relatively quiet for today. This comes ahead of a busy week that includes an ECB meeting. The US advance GDP report will also be coming out which will move the markets. Over the weekend, tensions at the Strait of…
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The US dollar posted declines on Thursday following comments from NY Fed President John Williams. Williams said that the central bank must act quickly to lower interest rates rather than wait for an economic disaster. The NY Fed Chief…
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At an event yesterday, Jerome Powell, the chair of the Federal Reserve, said that the magnitude of the projected rate cut at the upcoming Fed meeting was up for debate. He did, however, indicate that the Fed will definitely be cutting rates…
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