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Dollar Drifts on Dovish Fed Hike, TRY Plummets

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Thursday December 14: Five things the markets are talking about Global equities continue to drift as investors await the outcome of the last ECB meeting of the year (07:45 am EDT). Ahead of the U.S open, the ‘mighty’ dollar has temporary halted its decline sparked by the Fed’s unchanged outlook yesterday for rate increases in […]

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Oil Rises After North Sea Pipeline Disruption

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Oil prices jumped to their highest in more than two years on Tuesday after the shutdown of a North Sea pipeline knocked out significant supply from an already tightening market. World stocks took a break from a three-day rally. Brent crude futures, the global benchmark for oil prices, rose above $65 a barrel — their […]

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Credit Suisse Low Volatility Theory

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It’s one of the most common questions on Wall Street: Where has all the volatility gone? Between D.C. drama, geopolitical uncertainty surrounding North Korea and President Donald Trump’s tweets, investors have had ample reasons to hit the sell button. But 2017 is shaping up to be one of the least volatile years on record. And […]

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Are US Equity Markets Losing Their Sparkle?

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No Tax Reform May Mean No Santa Rally This Year It’s been a rocky few days for US equities and that may be starting to take its toll, with US futures pointing to a weaker open on Wednesday, as Europe and Asia post similar losses. It would appear some of the sparkle has disappeared from […]

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DAX Slides as US Tax Reform Vote Delayed

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The DAX index is down sharply in the Friday session. Currently, the DAX is at 12,859.75, down 1.26% on the day. On the release front, the focus is on manufacturing data. Eurozone Final Manufacturing PMI improved to 60.1, above the estimate of 60.0. German Final Manufacturing PMI climbed to 62.5, matching the forecast. Still, the strong […]

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Precious Metals and Commodities Weekly 14th November

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Our weekly journey through the precious metals and commodities CFD’s available with OANDA. Jeffrey analyses each using a combination of technical and fundamental analysis. Life has been dull on precious metals to start the week as financial markets and currencies, in particular, await the buildup to a heavy data end of the week. The passage […]

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OPEC Secretary General Says Peak Oil Demand to Happen in 2040

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OPEC sees no reason for investors to expect oil to hit peak demand before 2040, the organization’s secretary general said Monday. Speaking at the Abu Dhabi International Petroleum Exhibition Conference (ADIPEC), General Mohammed Barkindo said that the cartel’s projections did not foresee oil demand cresting over the coming decades. Instead, he argued, a dramatic increase […]

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Oil’s Technical Resistance Stiffens It’s Resolve

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Technical resistance and overbought short-term indicators are setting of more red lights on Brent and WTI charts as we head into the week’s end. Oil traded with lots of noise overnight, but ended the session becalmed, with both contracts closing within 30 cents of their opening levels. This has been the picture since Tuesday in […]

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US Unemployment Claims Roseby 239,000 Last Week

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The number of Americans filing for unemployment benefits rose more than expected last week, suggesting that claims processing disrupted by recent hurricanes has begun to improve. Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 239,000 for the week ended Nov. 4, the Labor Department said on Thursday. Claims had fallen to […]

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Is Powell a Good Pick as Fed Chair?

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Years before he was tapped to lead the Federal Reserve, Jerome Powell brought to the world’s most powerful central bank a lesson he learned in the business world: manage or be managed.On everything from the payments system to monetary policy, he noticed the Fed’s brainy staff of economists would hash out their differences among themselves […]

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Morgan Stanley Raises Oil Price Forecast

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Morgan Stanley has raised its forecast for oil prices through 2020, saying the world is hungry for more U.S. shale crude at a time when it’s uncertain American drillers can deliver it. The bank now sees international benchmark Brent crude fetching $62 a barrel in the final quarter of the year, up from an earlier […]

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Trump Wants Japanese Car Makers to Manufacture in the US

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President Donald Trump pushed for more “reciprocal” trade in Tokyo on the second day of his Asian tour and suggested that Japanese automakers “try building your cars in the United States instead of shipping them over.”The problem: They already do, and have for many years.According to Politico, Trump made the request during a meeting with […]