Stock Recovery Continues

US stocks continued their gradual recovery of the losses suffered in the latter half of last week. The Dow Jones is again approaching 21,000 which has been an area of resistance over the past few...

Oil Gains As OPEC Likely To Extend Production Cuts On Thursday, ASX Futures +26

Oil prices gained on Friday as optimism around expectations for OPEC officials to announce a nine month extension of the current supply cuts when the group meets on Thursday. Comments from unide...

USD Index Rises As Data Points To June Rate Hike, ASX Futures -3

The U.S. dollar index rebounded on Thursday along with U.S. equity markets and treasury yields as investors looked past political concerns and focused on U.S. economic data. The dollar index gain...

Markets Wake Up to US Political Risk

Market participants were jittery overnight as calls by US Democrats to impeach president Trump triggered a sell-off. The 1.8% fall in the S&P500 was the biggest since September last year but it...

Euro Weighs On Dollar As Economy Expands At 1.7%, ASX Futures Flat Ahead Of Wage Data

The Euro gained +0.99% against the dollar on Tuesday following a better than anticipated trade surplus and GDP growth that was in line with expectations. Month-on-month for March to trade balance...

Oil Rises As Saudi Arabia And Russia Agree To Extend Production Cuts, ASX Futures +17

Oil prices jumped on Monday as both Saudi Arabian and Russian officials stated that they had agreed to extend production cuts for nine months through until March 2018 to help rebalance a supply g...

U.S. Dollar Slips On Economic Data, FOMC To Still Hike Rates In June, ASX Futures +6

The U.S. dollar index declined -0.37% on Friday night along with U.S. treasury yields following key economic data that slightly missed expectations. Month-on-month advanced retail sales in April ...

U.S. PPI & Labour Indicators Supportive Of June Rate Hike, Pound Weakens As Rate Hike Projections Pushed Back, ASX Futures -9

The U.S. dollar index edged lower on Thursday, down just -0.05% as treasury yields declined as both the two & ten-year yield decreased -1.6 & -2 basis points respectively. U.S. equity markets als...

Oil Rallies On Inventory Drawdown, GBP Flat As Attention Turns To BoE Inflation Report, ASX Futures +12

Oil prices surged on Wednesday as U.S. crude oil inventories declined more than anticipated. Data from the Energy Information Administration showed that U.S. that inventories for the week ending ...

AU Banks Slip On Australian Budget Bank Levy, ASX Futures +19

The big focus domestically on Tuesday was the budget released for 2017-2018 which aims to boost growth and create jobs by investing $75 billion in infrastructure projects over the next decade. A...