Blogs

West Texas Intermediate (WTI) US Crude Oil climbed to $74.00 per barrel on Thursday, rising after Crude Oil supplies in the US saw a steeper drawdown than markets expected according to barrel counts by the Energy Information Administration (EIA).

The Swiss Franc (CHF) got knocked back on Thursday, accelerating recent losses and extending into one of its worst single-week performances after Swiss National Bank (SNB) Chairman Thomas Jordan warned that an appreciating CHF threatens the SNB’s ability to keep inflation above zero within the Swiss domestic economy.

Silver’s advance in the mid-North American session on Thursday, sponsored by US Treasury yields, stands steady, while the Greenback (USD) posts decent gains as revealed by the US Dollar Index (DXY).

Federal Reserve (Fed) of Atlanta President Raphael Bostic hit newswires on Thursday while speaking at an event held at the Atlanta Chamber of Commerce.

Hawkish bets on the Bank of England (BoE) are pressuring the EUR/GBP pair, trading at a round level of approximately 0.8560, resulting in losses in Thursday's session.

United States EIA Crude Oil Stocks Change came in at -2.492M below forecasts (-0.313M) in January 12

Speculators’ net EUR positions have been mostly positive over the past couple of years.

The GBP/USD pair attracts some buyers for the second straight day on Wednesday and looks to build on the previous day's goodish bounce from sub-1.2600 levels, or over a one-month low.

Japan will release December Consumer Price Index (CPI) data on Thursday, January 18 at 23:30 and as we get closer to the release time, here are the forecasts by the economists and researchers of five major banks regarding the upcoming Japanese inflation print.

United States EIA Natural Gas Storage Change above forecasts (-164B) in January 12: Actual (-154B)