API reports draw while market awaits EIA report

Jul 18, 2018 13:38 pm UTC| Commentary

Both Brent and WTI is heading higher as the focus shifts on geopolitical tensions after OPEC meeting. WTI is currently trading at $67.3 per barrel and Brent at $4.2 per barrel premium to WTI. Key factors at play in the...

Malaysian headline inflation decelerates in June, BNM likely to maintain ‘neutral’ tone in July

Jul 18, 2018 13:11 pm UTC| Commentary

Malaysian headline inflation slowed in the month of June on a year-on-year basis. The consumer price inflation eased to 0.8 percent from Mays 1.8 percent. On a sequential basis, headline inflation decreased 1.2 percent as...

FxWirePro Short-term Outlook: Sell FTSE100/UK100 targeting 7000

Jul 18, 2018 13:07 pm UTC| Commentary

Based on our latest calculations, we expect the United Kingdoms benchmark stock index to decline amid rising Brexit uncertainty coupled with Domestic political uncertainties. Since May this year, the UK100 (CFD of FTSE100)...

FxWirePro: Long dollar against Chinese yuan targeting 6.86 and beyond

Jul 18, 2018 11:57 am UTC| Commentary

After strengthening to as high as 6.235 per USD in March, the yuan has declined steadily against the dollar, as the market participants dumped Chinese yuan in favor of the dollar amid intensifying trade war between the...

U.S. 2-year Treasury yield overtakes Tuesday’s high following hawkish comments from Fed Chair Powell

Jul 18, 2018 11:36 am UTC| Commentary Economy

The U.S. 2-year Treasury yield on Wednesday, broke yesterdays high of 2.619 percent, albeit remaining flat at the time of writing, reaching a days high of 2.624 percent. In the overnight session, bond yields experienced a...

UK 10-year gilt yield slumps to 1-1/2 month low after June consumer inflation fails to meet market expectations

Jul 18, 2018 09:46 am UTC| Commentary Economy

The United Kingdoms 10-year gilt yield slumped to 1-1/2 month low during European session Wednesday after the countrys consumer price inflation (CPI) for the month of June failed to meet market expectations. Investors will...

U.S.’ net foreign demand for long-term securities weakens in May; impact of trade rhetoric to watch out for

Jul 18, 2018 08:57 am UTC| Commentary Economy

The United States net foreign purchases of long-term securities slowed in May, although foreign private institutions are still willing buyers of U.S. Treasury and corporate debt. Foreign official institutions remained net...