API reports build while market awaits EIA report
May 02, 2018 07:11 am UTC| Commentary
Both Brent and WTI is heading higher over Middle East tensions and as oil market nears balance. WTI is currently trading at $67.7 per barrel and Brent at $5.8 per barrel premium to WTI. Key factors at play in the crude...
Oil in Global Economy Series: Reuters’ survey suggests OPEC compliance at 162 percent in April
May 02, 2018 07:04 am UTC| Commentary
Reuters has released its April OPEC oil market production survey and it suggests that OPEC production is set for a decline to tune of 70,000 barrels per day in March compared to the revised March production data (Reuters)....

May 02, 2018 06:32 am UTC| Commentary
ADP employment data to be released at 12:15 GMT is todays most vital dockets from the US to be watched by market participants. This report is one of the key data that investors will use to gauge US economic...
May 02, 2018 06:06 am UTC| Commentary Economy
Yesterday, the U.S. Commerce Department announced affirmative preliminary determination in the AD investigations on imports of Polytetrafluoroethylene (PTFE) Resin from China and India. The investigation, which was...
May 02, 2018 05:59 am UTC| Commentary Economy
Yesterday, the U.S. Commerce Department announced affirmative preliminary determination in the AD investigations on imports of Polyethylene Terephthalate (PET) Resin from Brazil, Indonesia, Korea, Pakistan and Taiwan. The...
FxWirePro: The Day Ahead- 2nd May 2018
May 02, 2018 05:10 am UTC| Commentary Central Banks
Lots of economic data and events scheduled for today, and some with high volatility risks associated. Data released so far: Japan: Markit services PMI rose to 52.5 in April. China: Caixin manufacturing PMI...
May 01, 2018 20:53 pm UTC| Commentary
The U.S. ISM manufacturing index moderated in the month of April, coming in below expectations. The index dropped to 57.3 in April from Marchs 59.3. The fall was widespread throughout major subcomponents. The production...