Dec 10, 2019
Cross Roads At The Market
Ahead of today’s API, American Petroleum Institute’s report on weekly stockpiles prices were caught bullish. Supported by the news of Russia and OPEC’s intentions to explore the possibilities of further Oil production cuts to stabilize prices in the mid 60’s.Continue reading
Dec 09, 2019
Markets Access The Weeks' Events.
As the week begins, traders contend with the fading effects from Friday’s better than expected US jobs report, in which the NFP, announced 266,000 jobs created instead of 186,000. Several market participants were under the impression that the failed ADP report from last Wednesday, which gauges the private sector, would impact the Non-farm payrolls results since in recent years some analysts have found correlations between the two data sets..Continue reading
Dec 06, 2019
The US NFP Non-Farm Payrolls.
The US (NFP) Non-Farm Payrolls are due to be released at 13:30 GMT. The expectation is aimed for 186,000 jobs were created. If the report meets or exceeds market expectations, the USD will be supported in an upward trajectory.Continue reading
Dec 05, 2019
OPEC & EU Meeting On Tap.
Following a surprise drop in crude oil inventories, nearing 4.9 million barrels. According to Wednesday's (EIA), Energy Information Administration report. WTI prices rose to highs of 58.51 before taking marking-time.Continue reading
Dec 04, 2019
Wednesday Market Jives.
The market is seeing jiving with a heavily loaded economic calendar laced with some highly impactful events on the docket are;Continue reading