Oil Prices Jump as OPEC Agrees to Cut OutputOil prices rallied sharply as OPEC agreed to cut. The organization announced that it targets to cut production to 32.5M bpd, the lower end of the range indicated the "Algiers Accord" in September. It …
As of December 01, 2016 at 03:00AM, 1 EUR equals 1.4329 AUD.from http://finance.yahoo.com/q/bc?s=EURAUD=X …
China’s Market News: Offshore Investors Reduce Yuan Holdings on Weaker RatesIn October, Yuan deposits shrank in two major offshore markets, Hong Kong and Taiwan. from DailyFX - Forex Market News https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/china_news/…
Five Colossal Stone Portraits Around the WorldCarved out of rock, these massive monuments go beyond Mount Rushmore from Travel | Smithsonian http://www.smithsonianmag.com/travel/six-massive-carved-monuments-you-need-see-believe-180960795/ …
GBP/USD Technical Analysis: Bouncing in a Fibonacci-Based RangeThe Cable is one of the few Dollar pairs not currently showing exuberant U.S. Dollar strength. Might this outlier be deducitvely showing us something? from DailyFX - Forex Market News https://www.dail…
OPEC Cuts Production, USD Running in a Bull Flag FormationIt's been a busy morning already for markets as news of an OPEC deal has driven price action in Oil. An announcement later in the morning will provide some context that can continue to drive volatilit…
Iran remains 'key obstacle' to Opec deal: HansenOpec looks like it is edging ever closer to cutting an oil production deal sending Brent crude surging 8% in anticipation of an agreement. TradingFloor caught up with a busy Ole Hansen to get his view…
US Dollar Ready for More Gains versus Yen, GoldUSD/JPY and Gold are moving in lockstep again thanks to higher US real yields. from DailyFX - Forex Market News https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/top_fx_headlines/2…
US Dollar May Rise on Data But OPEC, Cabinet News Cloud OutlookThe US Dollar may try to recover if upbeat data boost Fed rate hike bets but OPEC and Trump cabinet appointment headlines are potent volatility risks. from DailyFX - Forex Market News https://www.dail…
Why gold is better than cashfrom 24hGold.com RSS Feed - 24hGold Precious Metals commentaries only http://www.24hgold.com/english/news-gold-silver-why-gold-is-better-than-cash.aspx?article=3389564824G10020&redirect=false&contrib…
Crude Oil Prices Swing Wildly Before Key OPEC MeetingCrude oil prices posted the largest drop in a month only to erase all of the move overnight as jittery markets waited for the outcome of a much-anticipated OPEC meeting. from DailyFX - Forex Market Ne…
Steller Canada GDP Report to Propel USD/CAD PullbackA marked picked in Canada GDP may generate a larger pullback in USD/CAD as signs of stronger growth raises the BoC’s scope to gradually move away from its easing-cycle. from DailyFX - Forex Market New…
Gold Warsfrom 24hGold.com RSS Feed - 24hGold Precious Metals commentaries only http://www.24hgold.com/english/news-gold-silver-gold-wars.aspx?article=3017542520G10020&redirect=false&contributor=Eric+de+Carbon…
Oil Prices Plunge as Market Awaits OPEC Meeting OutcomeAs the market is focused on the OPEC meeting in Vienna today, energy prices fell amidst concerns over disappointing outcomes. The increase in Cushing stockpile also added pressure to oil prices. The f…
As of November 30, 2016 at 03:00AM, 1 EUR equals 1.4227 AUD.from http://finance.yahoo.com/q/bc?s=EURAUD=X …
3Q GDP, OPEC to Drive USD/CAD Volatility- Shorts at Risk into 1.3370The USDCAD setback is targeting key near-term support ahead of major event risk tomorrow. Here are the updated targets & invalidation levels that matter into the release. from DailyFX - Forex Market N…
China’s Market News: Overseas Investment in FX Regulator’s FocusFollowing the PBOC’s remarks on Yuan rates yesterday, China’s foreign exchange policymaker revealed its focus. from DailyFX - Forex Market News https://www.dailyfx.com/forex/fundamental/daily_briefing…
NZD/USD Rebound Clears First Hurdle Ahead of RBNZ’s FSRNZD/USD looks poised to extend the recent series of higher highs & lows as it pushes back above the former-support around the 0.7100 handle. from DailyFX - Forex Market News https://www.dailyfx.com/fo…
Yen: How to Work With the Trend That Barely Bends (JPY)Both USD/JPY and GBP/JPY are up by 11.5% since the lows on the night of the election. This has produced a clean top-side move with very little give-back; but how can traders approach the pair moving f…
Pre-Opec nerves see oil trading lower — #SaxoStratsWith less than 24 hours to go before Opec finally gets down to business in Vienna the market has become increasingly nervous. from Ole Hansen - Authored content https://www.tradingfloor.com/posts/pre-…
Outrageous Predictions: We called Brexit in 2014 — did you?The always hotly-anticipated annual publication of Outrageous Predictions hits the press on December 7 when Saxo Bank's chief economist and publication architect Steen Jakobsen goes live on CNBC at 07…
Outrageous Predictions: We called Brexit in 2014 — did you?The always hotly-anticipated annual publication of Outrageous Predictions hits the press on December 7 when Saxo Bank's chief economist and publication architect Steen Jakobsen goes live on CNBC at 07…
DXY with a Strong Technical Signal: EUR/USD, Gold in TroubleReal yields are rising in the US, which means the US Dollar should be supported for the foreseeable future. from DailyFX - Forex Market News https://www.dailyfx.com/forex/fundamental/daily_briefing/da…
EUR/USD Weakness to Persist on Upbeat U.S. Consumer Confidence SurveyA marked rebound in the Conference Board’s U.S. Consumer Confidence survey may weigh on EUR/USD as it fosters an improved outlook for growth and inflation. from DailyFX - Forex Market News https://www…
COT: Funds boosted grains and energy in latest updateHedge funds increased bullish commodity bets by 7% to 1.1 million lots in the week to November 22. Crude oil key crops cotton and cattle were in demand. Selling of precious metals not least gold and s…
From the Floor: 'Devil in the details' for Opec — #SaxoStratsThe preamble to tomorrow's Opec summit in Vienna has seen the Saudis playing hardball the Iranians offering both promises and dubious numbers and a general trend of uncertainty and ambiguity. To cut o…
Energy Prices Rebounded as OPEC Ministers Hinted on Output Deal. Sentiment Damped by Italian ReferendumEnergy prices rebounded on comments from Iraqi oil minister that he is "optimistic" of a deal in Vienna. The front-month WTI crude oil contract gained +2.22% to settle at 47.08 while the Brent contrac…
As of November 29, 2016 at 03:00AM, 1 EUR equals 1.4164 AUD.from http://finance.yahoo.com/q/bc?s=EURAUD=X …
Squawk: Commitments of Traders report on commodities covering the week ending...Commitments of Traders report on commodities covering the week ending November 22. Update to follow Tuesday from Ole Hansen - Authored content https://www.tradingfloor.com/posts/commitments-of-traders…
Squawk: GDX:arcx now trading right at that downward sloping fan which...GDX:arcx now trading right at that downward sloping fan which if taken out is starting to put some confidence in the indications of a low in place since mid-November. Gold cycles might have bottomed..…
NZD/USD Outlook Bearish Below 7150 Ahead of US 3Q GDPThe near-term rebound in kiwi is at risk heading into key confluence resistance. Here are the updated targets & invalidation levels that matter into the release. from DailyFX - Forex Market News https…
Squawk: CoffeeNYCont didn't really produce a peak that stands out as...CoffeeNYCont didn't really produce a peak that stands out as THE peak on November 7. Now it has come down and as per the chart below cycles are possibly lining up or a shot at another leg higher into.…
FX Markets Set for Volatility as Political Risk Increases; US NFPs on FridayThe last month of the year should bring fireworks for markets; the first week of December should set a strong tone for volatility henceforth. from DailyFX - Forex Market News https://www.dailyfx.com/f…
China’s Market News: Top Regulators Address on Yuan Rates, Banks, InsurersA series of announcements from Chinese top policymakers kicked off the week. from DailyFX - Forex Market News https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/china_news/2016/11/2…
Canadian Dollar Recovery to Fizzle If OPEC Fails to DeliverThe rebound in the Canadian dollar may be short-lived should the Organization of Petroleum Exporting Countries (OPEC) fail to curb oil production. from DailyFX - Forex Market News https://www.dailyfx.…
Webinar: USD Rally Looks Tired Ahead of NFPs with Fed Hike Priced InWebinar highlighting featured setups we're tracking into the close of the month. Here are the updated targets & invalidation levels that matter. from DailyFX - Forex Market News https://www.dailyfx.co…
Squawk: Hedge funds boosted bullish Brent crude oil bets by 38713...Hedge funds boosted bullish Brent crude oil bets by 38713 lots to 292764 lots in the week to November 22. This the first week of net-buying in six saw longs being increased by 29124 lots while... from…
Gold rally to hit glass ceiling – #SaxoStrats videoGold is being supported by the weaker US dollar says Saxo Bank’s head of commodity strategy Ole Hansen but selling into rallies is likely to prevail unless a clear break above $1203/oz is seen. from O…
US Dollar Sinks as Markets Digest Longest Win Streak in 3 YearsThe US Dollar fell against the major currencies as financial markets digested the longest winning streak in three years triggered following the US presidential election. from DailyFX - Forex Market Ne…
Squawk: Crude oil pulled back strongly on Friday as the outlook...Crude oil pulled back strongly on Friday as the outlook for an Opec deal faded once again. It highlights how Opec remain the biggest driver of volatility in oil markets at this stage. A deal which... …
From the Floor: A step too far for USD? — #SaxoStratsThe US dollar is retracing following an unprecedented post-election rally as the statements made by key players ahead of Wednesday's Opec summit appear to reflect profound uncertainty regarding the mu…
Gold Prices Attempt Recovery as "Trump Trade" RetracesGold prices are attempting to launch a recovery after hitting a nine-month low as the so-called “Trump trade” retraces across financial markets. from DailyFX - Forex Market News https://www.dailyfx.co…
Gold Breakdown Comes as US Treasury Yields, Real Rates RiseThe sharp rise in US yields since the US Presidential election have been the driving factor behind weakness in Gold. With US real yields running higher (US Treasury yields minus headline inflation), G…
OPEC Meeting and US Payrolls Focuses of the WeekUS dollar retreated on profit-taking and as the market awaits the US employment report for November. The DXY index slipped -0.64% to 100.84 at the time of writing this report. Crude oil prices remaine…
Risks Increasing for Euro Ahead of Italian Constitutional ReferendumWith economic populism sweeping the Western world, the Euro finds itself sandwiched between the French Republican primaries and the Italian constitutional referendum. Meanwhile, the US Presidential el…
As of November 28, 2016 at 03:00AM, 1 EUR equals 1.4284 AUD.from http://finance.yahoo.com/q/bc?s=EURAUD=X …
Yen Dropping at its Fastest Pace in Two Decades But What Motivation are Bears Tapping?Dollar strength strong-arming the Yen and its counterparts does have some merit, but such tail wind is limited. Risk appetite is similarly dubious as only US equities seem to enjoy the drunk optimism …
Dollar Looking to Close Out Best Two-Month Rally in Two YearsThough the ICE Dollar Index (DXY) closed out this past week at its highest level in over 13 years, the currency’s primary effective driver – rising Fed rate forecasts – is quickly burning off its fuel…
Gold Weekly Technical OutlookGold's fall from 1377.5 continued last week and outlook is unchanged. We'd stay cautious on strong support from 61.8% retracement of 1045.4 to 1377.5 at 1172.3 to bring rebound. Above 1220.9 will turn…
Silver Weekly Technical OutlookSilver's fall from 21.22 was still in progress last week and outlook is unchanged. Strong support could be seen at around 15.83 to contain downside and bring rebound. Break of 17.235 minor resistance …
Crude Oil Weekly Technical OutlookCrude oil's rebound was limited at 49.20 and reversed, the development suggests that recent consolidation is possibly starting another falling leg. Deeper decline could be seen back to 42.20 and below…
Natural Gas Weekly Technical OutlookThe strong rebound in natural gas suggests that pull back from 3.366 is already finished at 2.546, ahead of 50% retracement of 1.611 to 3.366 at 2.489 as expected. Further rise should now be seen back…