FxWirePro: Key charts explaining crude oil inventories and production report of EIA

Oct 25, 2018 08:37 am UTC| Commentary

Here are some key charts based on data from the United States Energy Information Agencys (EIA) latest report that explains the level of inventories, refinery demand, and production. Chart 1 shows crude oil production...

FxWirePro: U.S. Natural gas inventory preview

Oct 25, 2018 08:18 am UTC| Commentary

Natural gas is currently trading at $3.17 per MMBtu. Key factors at play in the natural gas market After a sharp rise the price of natural gas in the United States is moving lower again, however, the price could...

USD/MYR holds steady at 4.17 level, bias seen upward with 4.20 as next psychological level: Commerzbank

Oct 25, 2018 07:58 am UTC| Commentary Economy

The USD/MYR currency pair is currently holding steady at 4.17 level but it has risen steadily by 8 percent since the low in March of around 3.8550. According to Commerzbanks latest research report, the bias remains to the...

FxWirePro: U.S. stock markets show first major sign of weakness in years

Oct 25, 2018 07:32 am UTC| Commentary

In many years, probably for the first time since 2015, the U.S. stock markets are showing major signs of weakness. While the U.S. tech-heavy index NASDAQ100 is still positive for the year, both the SP500 Dow Jones...

Global Geopolitical Series: U.S. slaps duties on steel wheels from China

Oct 25, 2018 07:09 am UTC| Commentary Economy

In a continuation of the toughened stance against China, the U.S. Commerce Department slapped additional duties on certain Chinese goods. Yesterday, the Commerce Department concluded its preliminary investigations into...

Global risk sentiments likely to stabilize, improve gradually with lower 10-year UST yield in upcoming sessions: Scotiabank

Oct 25, 2018 07:05 am UTC| Commentary Economy

Global risk sentiments are expected to stabilize and improve gradually with a lower 10-year United States Treasury (UST) yield in the coming sessions, which would then bring a temporary relief to EM Asian currencies,...

New Zealand’s trade deficit widens in September, worsens below market expectations

Oct 25, 2018 06:07 am UTC| Commentary Economy

New Zealands unadjusted monthly trade deficit widened by USDD90 million in September to USD1,560 million, worse than market expectations. Both exports and imports surprised on the upside, with large items (aircraft) adding...