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U.S. existing home sales decline in August

Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed

U.S. Q3 economic growth unrevised in second estimate

German Ifo business climate index falls sharply in November, economic growth likely to shrink in Q3

U.S. House prices increase slightly in July

Canadian inflation continues to ease, moving closer to the Bank of Canada's target

Australian private new capital expenditure likely fell further in Q3 2020 - ANZ

U.S. personal income and spending rose less than expected in August

Reserve Bank of India likely to stand pat in December

U.S. vehicle sales fall again in November

Australian economic growth recovers strongly in Q3 2020

U.K.’s flash PMI indices indicate decline in business activity in November, composite index falls to 47.4

U.S. Consumer Confidence falls in September

U.S. existing home sales rise above expectations in October

Taiwanese money supply continues to see strong growth, CBC likely to keep rates on hold in December

Germany's unemployment exceeds expectations in September

Canada's economy shows growth in July, but growth stalled in

FxWirePro: Trump tweets down oil price to new session low

Monday, February 25, 2019 1:16 PM UTC

President Trump is at it again,

  • As the price of WTI was showing strength since morning, while it gradually approaches the $60 level, President Trump took a jab on oil bulls via his usual tweeter account.
  • About an hour ago, he tweeted, “Oil prices getting too high. OPEC, please relax and take it easy. World cannot take a price hike - fragile!”

And boom! Price is crashing to new session lows.

  • Price has now declined from $57.5 per barrel during the European hours to $55.8 per barrel, and the price continues to break lower.

With U.S. and OPEC relationship at a critical point, President Trump relentless attack on higher price taking a toll on bulls.

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