Blogs

<p>US crude inventories rose by 15.2 million barrels in week to 3 Apr, in the biggest weekly crude stocks rise in the history. The news were not a big surprise to the markets, although consensus was much lower (9.2 mln bls) after previous week’s build of 13.8 million barrels. In the situation when the world […]

<p>This will be a pivotal week for energy markets. The world’s largest oil producers will meet to discuss cutting their production in an attempt to stabilize a market that has been devastated by collapsing demand. OPEC and Russia will sit down for talks on Thursday, before the G20 energy ministers convene on Friday. The immediate […]

<p>Silver bulls surrendered to the 200-period moving average (SMA) on the four-hour chart earlier this week and shifted sideways, pausing the uptrend at a fresh high of 15.50. Downside risks seem to be increasing as the RSI is pointing down to its 50 neural mark and the MACD keeps losing strength below its red signal […]

<p>It didn’t take long for the US dollar to reclaim its crown as king of currencies after a brief but sharp sell-off in late February. An acute shortage of dollars across global markets, driven by a panic rush for cash as the virus turmoil deepened, has bolstered the US currency’s safe haven status. But amid […]

<p>Canada is next in line, after the US, to publish a devastating jobs report thanks to the extraordinary Covid-19 lockdown. The report, due out on Thursday at 12:30 GMT, could pressure the loonie, though the size of volatility could largely be determined by the delayed OPEC+ video conference that is scheduled to take place on the same day at

The USD/MXN is falling on Wednesday for the second day in a row. Earlier it rose to 24.78 (two-day high) but then reversed sharply. As of writing, it

EUR/JPY is consolidating the recent bear leg while rebounding from near 2020 lows as the spot is trading below the main SMAs (simple moving averages) on the da

US Senator Bernie Sanders announced on Wednesday that he will be pulling out of the 2020 presidential race, Reuters reported, citing a recently-publis

"We clearly are looking at very large losses in employment, economic output," Chicago Fed President Charles Evans said on Wednesday, per Reuters. Addi

Crude oil lost its traction after the weekly report published by the Energy Information Administration (EIA) showed that crude oil stocks in the US in