TAG Brent Crude

$100 per barrel oil ??

Crude oil prices are set to continue rising after Brent crude vaulted over $US80 a barrel this week – and forecasters are not ruling out the price hitting $US100 a barrel. “It would be easy to imagine that oil could rise to $US100,” said HSBC chief economist Paul Bloxham. “We have a forecast that sees…

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Dollar firmer amid trade talk trouble

Dollar rises as China cancels trade talks The US dollar was marginally higher on a holiday-thinned Asia Monday morning, reacting to weekend news that China had cancelled plans to visit Washington this week for trade talks. Remember the next set of US tariffs on $200 billion of China goods has just kicked in at 12am…

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OANDA Trading Asia markets update

Asia markets update The weekend headlines have not been a blessing for ‘risk sentiment” and while the optimist in me is siding on this too shall pass. But with markets closed in Japan, China and South Korea as a large part of Asia celebrates the Mid-Autumn festival, it impossible to gauge sentiment in these drastically…

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Algiers in focus for oil traders

SEOUL (Reuters) – Oil prices were little changed on Friday after falling in the previous session as U.S. President Donald Trump urged OPEC to lower crude prices at its meeting in Algeria this weekend. OPEC and its allies are scheduled to meet on Sunday in Algeria to discuss how to allocate supply increases to offset…

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US-China trade war, yesterday’s news.?

US-China trade war, yesterday’s news.? The US stock markets catapulted to a new record high on Thursday as investors continued to sidestep fears over the escalating global trade war and instead focused on a boomy American economy. And at least for today anyway, US-China trade war was yesterday’s news. Make no mistake the US economy…

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The morning after

The morning after US equity market has wholly shrugged off yesterday’s back and forth on US-China trade, as the robust US economy continues to sway investors. However, when we look back at the 2018 stock market run, a lot of ink will be spilt about the benefits of US repatriation flows which are keeping balance…

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Asia market midday market note

Hang Seng Index After a positive start during the morning trading session, risk continues to wobble on the heavily subscribed HSI. Don’t mistake short side profit-taking for a reverse in negative sentiment as this market is far from bullish on Asia risk. Despite positive developments on the US-China trade front, the playbook remains unchanged, and…

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A bullish confluence in oil markets

SINGAPORE (Reuters) – Oil prices slipped on Thursday, although U.S. crude remained above $70 a barrel on the back of falling crude inventories and Brent was still close to $80 because of looming sanctions against Iran. Brent rose above $80 per barrel the previous session for the first time since May, spurred by expectations that…

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A tenuous and unstable state of affairs

A tenuous and unstable state of affairs The prospects of another round of US tariffs directed at China have resurrected fears that the trade skirmish between Washington and Beijing could escalate with some investors now fearing a full-blown global trade war could be a reality. But the most damning signal is that dialogue between the…

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