Market News & Blog

Video: Market Morning - 19 Aug

On a night of US dollar weakness the Australian dollar lagged as the Euro headed toward 1.14 and Sterling roared higher after much stronger than expected retail sales data. Oil was higher again, stocks remained bid but calm, and gold is back above $1350 an ounce.

Today in Indices and Commodities - 19 Aug

Oil prices rose on Thursday for a sixth straight day, with Brent crude rising above $50 for the first time in six weeks, helped along by the soft US$ and the fact that  the world's major producers are looking to discuss a possible freeze in production levels. Further medium term gains look possible

USD heavy following yesterday’s FOMC Minutes. Oil heads higher again.

The dollar is hovering above multi week lows against some of its major counterparts, including the Euro, CHF and Yen, choosing to focus on the dovish tone of the yesterday’s FOMC Minutes despite data today showing that the number of US citizens filing for unemployment benefits fell more than expected last week (262K v 265K exp), reinforcing views of labor market strength that could encourage the Fed to raise interest rates soon.

EU Open - Dollar back on defensive; Aussie $ rallies after employment data

The Australian Dollar rallied after stronger than expected employment data; US Dollar back on defensive after Fed minutes show a divided FOMC.

Markets Morning: A quiet night precedes divided FOMC minutes

A quiet night before the release of the minutes to the Fed’s last meeting at 4am this morning. Key is a clear divergence of views on the FOMC about whether rates need to be lifted or not and whether inflation is heading back to 2%.

Today in Indices and Commodities - 18 Aug

Oil's rally extended for a fifth day helped by a weaker dollar following the FOMC Minutes and an unexpected drawdown in U.S. crude and gasoline inventories. The short term charts are increasing overbought so watch for a potential correction. Gold/Silver were volatile, but mostly within recent ranges.

Fed divided over whether to raise rates soon. Australian Jobs, UK Retail Sales, EU CPI today

The US$ has come under some mild downside pressure after some choppy price action, following the release of the FOMC Minutes. The general consensus was for a prudent approach to raising rates, using the ongoing data as a barometer as to the timing of any potential hike although several Fed board members were slightly more hawkish and wish for more immediate action.

US Dollar declines after Fed minutes show divided FOMC

US Dollar declines after Fed minutes show a divided FOMC.

EU Open - Greenback catches a bid after hawkish Fed talk; Yen retraces as officials warn about intervention

USD regains strength; Yen retraces amid intervention talk; solid Australian wage growth data; NZ emplomyent data strong, but mostly due to change of methodology by StatsNZ.

Markets Morning: Stocks slip and the US dollar fell as traders ignored Fed warnings that September is live

Well, Well, Well, the Fed is dealing itself back into play, that weighed a bit on stocks and bonds but didn’t help the US dollar because the market doesn’t believe them. I think the market might be wrong.

Oil was up again, gold rallied because the Fed might be having a civil war, and the Aussie dollar is back up near 77 cents. And of course BHP

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