Oil price outlook bleak as inventory rises to record 3 billion barrels
Nov 13, 2015 11:20 am UTC| Insights & Views
According to latest report by global energy watchdog, International Energy Agency (IEA) inventory has surpassed record level and reached 2.98 billion barrels, which could take many months to deplete to normal...
Policy divergences more deeper than currently priced by forward rates
Nov 13, 2015 11:10 am UTC| Insights & Views
Heading into the final sprint of 2015, the divergences in central bank policies are going to be the major themes ahead of key central bank meetings in December. Nearly seven years after the previous rate cut, the FOMC is...
Euro Zone GDP weakens in third quarter amid fragmentation
Nov 13, 2015 10:37 am UTC| Insights & Views
Euro zone GDP in third quarter slowed down further from second by 0.1%, to 0.3%, while annual pace of growth came at 1.6%, compared to 1.5% in previous quarter. While there hasnt been much of a surprise in weakness, since...
Dollar bulls might face risks from further weakness in commodities and equities
Nov 13, 2015 10:07 am UTC| Insights & Views
Dollar bulls could get hurt from large retreat in Dollar id any major risk aversion arises from equity and commodity selloffs. After Fridays block buster jobs report, performance of the Dollar has been quite lacklustre...
FxWirePro: WTI crude futures breaking all crucial supports - all chances to hit 40.45
Nov 13, 2015 09:36 am UTC| Insights & Views
WTI crude is attempting to beach supports at 41.75 levels which has already tested this level as crucial point of demand and supply several times in the past (see blue coloured circled areas).For now, we reckon the...
Commodity sell-offs hitting equities hard
Nov 13, 2015 09:31 am UTC| Insights & Views
Renewed sell offs in oil and metals are hitting equities hard this week. Further sell-offs in commodities, risks rising global fear of Chinas slowdown and demand drop for commodities. WTI benchmark has dropped to...
Inventory check hampers crude to below 41.75 – short WTI futures for TP at 40.45
Nov 13, 2015 09:29 am UTC| Insights & Views
Even if the unscheduled outages caused by Brazil and Libya and inventories were to increase somewhat in yesterdays inventory checks.The U.S. crude inventory checks are evidencing a fresh highs and mining edging upwards...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects