Oil rises, gold steady
Oil rallies once again The fast money FOMO gnomes were out in force once again in oil markets overnight, pushing…
Currency markets consolidate
ECB meeting a sleeper The ECB policy meeting failed to shake up volatility in currency markets, something I got badly…
China stocks sag
Tech crackdown sours China markets Bloomberg reports that China regulators are considering severe sanctions on Didi Global Inc over its…
Meandering
Monday’s “delta-dip” receded further into the rear-view mirror overnight, as US stocks edged higher and US yields fell after the…
Oil surprises with rally, gold dips
Oil stages a surprise rally Official US crude inventories followed the API data from the day before and posted a…
Dollar eases on solid US earnings
Long-covering pushes US dollar lower The US dollar gave back some of its recent gains overnight, as delta-variant nerves eased…
Asian equities drift higher
US earnings lift Wall Street Wall Street once again rose overnight, as Monday’s delta-dip became buy-the-dip, supported by strong US…
Delta doubts fade
North American markets continue to put Monday’s “delta-dip” behind them, with Wall Street rising once again overnight on strong corporate…
Inventories limit oil gains, gold yawns
API Crude Inventories halt oil recovery After Monday’s price meltdown, oil prices consolidated nervously at their recent lows overnight. Brent…
Asia markets up but caution prevails
Tentative rally by Asian equities US stock markets staged a tail-chasing buy-the-dip rally overnight, but Asian markets, although mostly higher,…