Daily Markets Broadcast 2019-12-13

Daily Markets Broadcast 2019-12-13 Wall Street higher on trade deal US indices have hit fresh record highs after US President Trump signed off on the Phase 1 trade deal with China. The pound soars as the UK Conservative party look set to win the general election with a much greater than anticipated margin.   US30USD […]

Aussie jumps as jobless rate falls

  Unemployment rate falls first time in seven months Australia’s unemployment rate surprised to the downside in September, easing to 5.2% amid expectations of a steady 5.3% print. The drop can be partly explained by a slightly lower participation rate (66.1% versus 66.2% in August) but the employment change data would suggest the improvement is […]

Commodities Weekly: Oil surges as Saudi output hit

  Energy prices are higher on rising geopolitical tensions with precious metals also in demand on safe haven plays. Industrial metals are under-performing on weak China data while the agricultural sector was lifted by reports of China agreeing to buy US agricultural produce as part of the ongoing trade negotiations.   Energy CRUDE OIL prices […]

Daily Markets Broadcast 2019-09-17

Daily Markets Broadcast 2019-09-17 Markets retreat, awaiting response to Saudi attack Wall Street fell yesterday in the aftermath of the weekend attack on Saudi Arabia’s biggest oil processing facility, raising geopolitical tensions. There seems to be little progress in Brexit talks between Johnson and Juncker. Copper falls on weak China data.   US30USD Daily Chart […]

Waiting for the FOMC’s good oil

Prepared by Jeff Halley, Senior Market Analyst   Drowned out in a glut of oil headlines overnight, the FOMC two-day meeting starts today in the United States. As well as a slowing global economy made worse by the U.S.-China trade war, the Federal Reserve rate-setting committee now has to contend with the possibility, of sharply […]

Risk appetite slashed on oil, China data

  Oil jumps most ever Weekend attacks on Saudi oilfields that took out about 50% of the Kingdom’s daily output caused a surge in oil prices at the open this morning, with West Texas Intermediate (WTI) posting the biggest daily gains ever. Prices jumped 14.6% to the highest level since May 21 amid global supply […]

Daily Markets Broadcast 2019-09-16

Daily Markets Broadcast 2019-09-16 Oil prices spike higher on Saudi output disruption Oil prices spiked higher in early trading Monday following attacks on Saudi production facilities that cut half its daily output. This is having a negative effect on risk appetite and US indices have started the week poorly. There’s a Japan public holiday today. […]

Risk appetite eases off into the weekend

  Four-day rising streak halted As the weekend approaches, some investors were seen scaling back risk-positive positions which saw equity markets posting mild retracements of the week’s gains. US indices slid between 0.18% and 0.31%, snapping a four-day rising streak in most cases. Other indices saw deeper corrections, with both the Japan225 index and the […]

Daily Markets Broadcast 2019-06-21

Daily Markets Broadcast 2019-06-21 Wall Street extends gains on Fed outlook With most barriers to a Fed rate cut seemingly removed, US indices pushed higher yesterday, approaching record highs again. Crude oil prices soared following the downing of a US surveillance drone in the Gulf.   US30USD Daily Chart The US30 index rose for a […]

Markets in limbo ahead of Fed decision

  Indices consolidate yesterday’s surge Asian markets were little changed in low-volume trading this morning, with most investors sitting on the sidelines while waiting for the decision at the end of the two-day Federal Reserve meeting. Expectations are relatively low for a move at this meeting, with market-based pricing suggesting only a less-than 20% chance […]