Official figures released earlier on Tuesday showed that UK inflation in August was stable at 0.6 percent on the year, unchanged from July. Economists had predicted a rise to 0.7 percent, while the Bank of England forecast the headline rate would climb to 0.8 percent...
In its September report published on Tuesday, the International Energy Agency (EIA) said that global oil demand growth is slowing at a faster pace than initially predicted. The IEA had previously expected the market to show no surplus in the second half of this year...
The GBP/USD pair fell as low as 1.3190 in the early US session after data showed Britains annual consumer price inflation rate for August came below expectations. The annual rate of consumer price inflation was unchanged at 0...
Metal pack is down today. Performance this week at a glance in chart & table - Gold: Gold is down as risk aversion fades. Today’s range $1322-1332 We expect gold to reach $1520 Gold is currently trading at $1326/troy ounce. Immediate support lies at $1300 and resistance at $1395 area...
The KRW has rallied significantly in the past three months; typically this would mean sharply lower implied vol and skew. KRW implied vol (1m to 1y) is in the upper half of the 5-year range whereas 25d risk reversals are at the bottom end...
Crude prices extend losses Tuesday on the bearish report by IEA. In its September report, the IEA noted a slowdown in demand. As a result, the market is likely to remain oversupplied next year. Its 2016 forecast for demand cut by 100,000 bpd; 2017 by 200,000 bpd...