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USD/JPY taps 144, Oil breaks lower, BOC in focus

It’s been a relatively lively session for traders overnight which saw USD/JPY steam ahead above 144 and WTI hit a new cycle low. Next up we have the BOC meeting.

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September 7, 2022 02:10 AM
Currency prices

Canadian GDP weaker than expected. USD/CAD following oil on shorter timeframes

Will the GDP data matter come the BOC’s interest rate decision meeting next week? It may depend on whether USD/CAD continues to follow the price of oil!

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August 31, 2022 03:23 PM
Oil extraction

Crude oil: WTI reversing yesterday’s surge, OPEC+ on tap next week

With most producers already operating at or above capacity and growing signs that the global economy may be slowing, some reduction of supply is looking increasingly likely in the coming months...

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August 30, 2022 10:42 AM

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Oil rig on an grey day

Crude Oil continues bounce on OPEC comments

Comments from OPEC+ officials regarding possible supply cuts are currently outweighing fears of a recession. As a result, the price of WTI Crude Oil is moving higher.

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August 23, 2022 03:22 PM
Oil rig on an grey day

Crude oil drops again with WTI below $90

US crude oil prices could be heading towards low- to mid-$80s.

Oil rig in the sea

WTI lower, but it has little to do with the upcoming OPEC+ meeting

With negative manufacturing data beginning in China and continuing throughout the US session, WTI Crude Oil has been trading lower, down nearly 5% on Monday.

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August 1, 2022 03:04 PM
Oil extraction

Crude oil off lows after slump

The focus for oil and other investors will turn to the latest Chinese and US data...

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July 14, 2022 12:06 PM

Oil takes a hit as recession and Covid fears loom

The German ZEW and the continued on again/off again lockdowns in China are contributing to fears of a global slowdown or recession.

Oil rig on an grey day

Crude oil plunges as recession fears intensify

WTI has plunged about $10 from the highs to fall below $100 and was still going lower at the time of writing

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July 5, 2022 11:31 AM
Oil rig on an grey day

OPEC preview: Will OPEC+ increase output in August?

When OPEC+ meets later this week, it is unlikely to increase output more than the expected 648,000 bpd.

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June 27, 2022 03:39 PM

ECB and the euro in focus, WTI bulls eye $124

The conclusion of today’s ECB meeting is the only game in town today, which has seen the yen and euro rise against the dollar just hours ahead of it.

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June 9, 2022 12:59 AM
Oil rig on an grey day

OPEC + hikes output more than expected

The rumors are still making the rounds that OPEC+ may suspend Russia and that Saudi Arabia may increase production as price continues to soar.

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June 2, 2022 11:59 AM

Fed Manufacturing Indexes not supporting a strong recovery

Will this data continue to fall? It may depend on whether crude oil remains at elevated levels.

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May 26, 2022 03:26 PM
Graphic of trading data chart

Can the easing of supply chain pressures give CPI a break?

With key US inflation data scheduled for tomorrow, we take a look behind the curtain to see if it’s realistic to expect inflation to finally tail off.

Graphic of trading data chart

Fed reality check prompts market reversals, USD lower

Whilst the Fed raised interest rates by their most aggressive pace in 22-years of 50-bps, they may have poured cold water on the prospects of a 75-bps hike further out.

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May 4, 2022 06:44 PM
Graphic of trading data chart

Fed reality check prompts market reversals, USD lower

Whilst the Fed raised interest rates by their most aggressive pace in 22-years of 50-bps, they may have poured cold water on the prospects of a 75-bps hike further out.

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May 4, 2022 06:44 PM

Dollar hits near 2-year high post Fed, USD/CAD mean reverts

The FOMC minutes reiterated the Fed’s extremely hawkish stance which saw the US dollar dominate the session.

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April 6, 2022 06:53 PM

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WTI back above $104 as IEA warns on loss of Russian Oil

WTI Crude Oil soared over 8% today in what has been extremely volatile March.

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March 17, 2022 03:21 PM

The rouble shows early signs of stabilising

The significance of OPEC’s meeting has diminished somewhat with Russia stealing headlines, and four key members intending to stick to raising output by 400k bpd.

Currency prices

3 reasons USD/CAD should be lower. What’s next for the pair?

If any of theses circumstances reverse, USD/CAD could move aggressively higher in a hurry!

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February 16, 2022 03:16 PM
Energy

OPEC Preview: Is Oil on its way to $100 even with a 400,000bpd increase?

With geopolitical tensions building in Russia, even an “as expected” result may not be able to keep oil prices from continuing to rise.

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January 31, 2022 04:13 PM
Oil rig on an grey day

WTI Crude and Brent Crude break out to highest levels since 2014

Demand is robust and OPEC+ continues to have supply issues from some member countries. Will this allow oil to continue higher?

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January 20, 2022 08:54 AM
Currency exchange rate board of multiple currencies

Weekly COT Report: Bearish exposure to AUD hits a new record

AT -91.5k contracts net-short, it is the most aggressively bearish exposure on AUD futures by large speculators on record.