API reports surplus, while WTI awaits EIA report – calls updated
Jan 27, 2016 13:17 pm UTC| Commentary
WTI dropped to as low as $27.5/barrel this year, however recovered somewhat since then but still down around 17% so far this year. WTI is currently trading at $30.8/barrel. Key factors at play in Crude...
Commodities snapshot (precious & industrial)
Jan 27, 2016 13:12 pm UTC| Commentary
Metal pack is mixed today. Performance this week at a glance in chart table - Gold - Gold is down marginally ahead of FOMC. Todays range $1116-1122 Gold is currently trading at $1119/troy ounce. Immediate support...
Jan 27, 2016 12:57 pm UTC| Commentary
Energy pack is mixed today. Weekly performance at a glance in chart table. Oil (WTI) - WTI is worse performer today. Todays range $30.1-31.2 WTI is currently trading at $30.8/barrel. Immediate support lies at $28,...
Jan 27, 2016 12:44 pm UTC| Commentary Central Banks
Today Reserve Bank of New Zealand (RBNZ) will announce after meeting monetary policy decisions at 20:00 GMT. Economic condition New Zealands economy overall remained robust throughout the crisis of 2008/09 however...
EM currency pressures and balance sheet concerns keep US swap spreads on edge
Jan 27, 2016 12:44 pm UTC| Commentary
Balance sheet constraints do not appear to have significantly worsened over the past two months. Some measures of this, such as the spread between 1m repo rates and OIS or levels of cross-currency basis swaps in DM...
Don’t expect much from FOMC today
Jan 27, 2016 12:40 pm UTC| Commentary Central Banks
What can FOMC do today? - Nothing It is not expected to do anything today and it will do nothing. Dont even expect it to be major market mover. Forget about changing fundamentals. Unless FED is interested in...
Bullion markets await Fed Policy stance for further direction
Jan 27, 2016 12:37 pm UTC| Commentary
Gold continues to rise as it touched a 2½-month peak of $1,123 per troy ounce yesterday.Gold in euro terms gained 1,035 per troy ounce as the EUR/USD exchange rate did not change significantly. This resulted in gold...
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