Brent: According to API Oil Reserves in the USA Have Grown According to the data presented by the American Petroleum Institute (API) oil reserves in the USA grew against last week (+3.1 million barrels against the rise of 6.2 million barrels a week earlier...
China: Property Prices Momentum Building - Westpac Elliot Clarke, Research Analyst at Westpac, suggests that according to the Chinese 70 city property prices for March 2016, momentum is building within each tier; but Tier 1 gains still highly disproportionate...
JPY: Trade Surplus Widens to JPY276.5bn in March – Deutsche Bank Research Team at Deutsche Bank, notes that in nominal terms Japanese exports fell 6.8% yoy and imports fell 14.9% yoy. Key Quotes “In volume terms exports fell 1.0% yoy (versus 0.2% yoy in February) whilst import volumes rose 5...
CAD: Wholesale Trade Sales to Give a Glimpse into Activity Data - TDS Research Team at TDS, suggests that the Canada’s wholesale trade sales will give us a second glimpse into activity data for February. Key Quotes “TD expects nominal wholesale sales to decline -0...
EU Vote is the Biggest Risk to UK Financial Stability - Investec Research Team at Investec, notes that yesterday Bank of England Governor Mark Carney warned if Britain leaves the European Union, the City of London should expect its preeminent role in the global financial system to fade...
With a lot going on in the Vantage FX office this morning, just a quick note featuring a few charts and carries on from the commodities trading theme we’ve been following recently in the Forex News Centre...
Oil Slips as Kuwait Strike Ends - Investec Research Team at Investec, notes that overnight, Kuwaiti oil and gas workers ended a three-day strike that had temporarily halved the OPEC member's crude production...
UK: Disappointing News on Wages and Employment - ING James Smith, Economist at ING, suggests that the combination of sub-consensus wage and employment growth was not encouraging, and may suggest that uncertainty surrounding the forthcoming referendum is starting to show up in the data...
German Vice-Chancellor: It's wrong to Blame ECB for Root Cause of Eurozone Problems German vice-chancellor and economy minister Sigmar Gabriel was on the wires via Reuters, defending ECB Chief Draghi’s and team...
Crude Oil (WTI) (K6) Intraday: rebound in sight. Prev Top Pivot: 39.50 Most Likely Scenario: long positions above 39.50 with targets @ 40.76 & 41.54 in extension. Alternative scenario: below 39.50 look for further downside with 38.44 & 37.60 as targets...
The six month annualised growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity three to nine months into the future, fell from –1.07% in February to –1.53% in March...
Oil: Supply Disruptions in Kuwait and Nigeria – SocGen Research Team at Societe Generale, suggests that the quick recovery in oil prices on Monday appears to have been caused by two new short-term bullish supply disruptions and the first new disruption is in Kuwait...
BOJ vs ECB: Higher Hopes for BoJ Movements will Support EURJPY - BNPP Research Team at BNP Paribas, suggests that the divergent performance of the EUR and JPY likely reflects stretched long positioning in the latter and possibly greater anticipation that next week’s BOJ meeting will bring new eas...
Oil: Real Takeaway from Doha – SocGen Research Team at Societe Generale, suggests that the key takeaway from the events of last weekend in Doha is not neutral fundamentals or possibly bearish market psychology...
Gold Hovers Around $1250 Supported by a weaker US Dollar, Gold on Tuesday rallied nearly 1.5% taking it to a one week high level before settling above $1250...
Oil: Implications of Failure of the Freeze Talks for the Markets - SocGen Research Team at Societe Generale, lists down the possible implications of the failure of the freeze talks for the oil markets...
Prices rose 3.8% in the latest Global Dairy Trade (GDT) auction after a 2.1% gain previously. Although markets had been expecting prices to advance at the latest auction, the gain triggered a further advance for the New Zealand currency ahead of a key interest rate decision next week...
Asian Stocks Extend Gains, China Bucks the Trend The sentiment on the Asian markets remain mixed this Wednesday, with the Chinese stocks extending losses, while rest of Asia gains further and rises to fresh four-month highs...
Oil Dives Deeper in the Red on Mounting Oversupply Worries Oil benchmarks on both sides of Atlantic accelerated to the downside in the Asian trading hours, as resurgence of oversupply worries into the markets dampened the sentiment around the black gold...
