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Crude oil trading outlook: WTI futures little changed after China data, Ukraine tension

April 16, 2014 7:20 am
Both West Texas Intermediate and Brent crude benchmarks were little changed in early European trading on Wednesday as investors weighed Chinese data pointing to a feared economic slowdown against rising tensions in eastern Ukraine. Private data showing a larger-than-expected jump in US crude supplies last week, coupled with prospects of rising Libyan exports also pressured […] Read more

LSE: FTSE 100 index starts Q2 higher on US, China stimulus, Eurozone PMIs

April 1, 2014 8:54 am
Global equities, along with Britains headline index, edged higher at the start of Q2 amid renewed expectations for stimulus in China and dovish comments by Fed Chief Janet Yellen. Markets also drew support as manufacturing activity in the euro area expanded for a ninth straight month, with most of its leading economies posting better-than-expected performance. […] Read more

Crude oil futures retreat ahead of US inventories data, China slowdown

April 1, 2014 7:33 am
Both West Texas Intermediate and Brent crude benchmarks edged lower on Tuesday ahead of private and government data that may show an eleventh weekly build up in US crude oil inventories, while manufacturing figures from China spurred uncertainty over growth prospects in the worlds second-biggest economy and oil consumer. A possible dispersion of tension between […] Read more

WTI futures drop ahead of US supplies data, PMI data drag

March 25, 2014 8:19 am
West Texas Intermediate crude fell for the first time in three days on Tuesday ahead of US supply data that may show a tenth consecutive weekly build in US crude oil inventories. Worse-than-expected manufacturing PMI data from both the US and China on Monday fueled concerns over demand prospects in the worlds two biggest consumers, […] Read more

WTI futures hold near one-month low on weak China data, US inventories, strategic reserves release

March 13, 2014 8:17 am
West Texas Intermediate crude hovered near the lowest level since the beginning of February after weaker-than-expected data from China added to recently built up concerns over an economic slowdown in the worlds second-biggest oil consumer. The oil market remained under pressure after government data showed US crude supplies rose three times more than expected, while […] Read more

AUD/USD extends daily losses on Fed policy outlook, RBA meeting ahead

March 1, 2014 2:36 pm
Australian dollar extended daily losses against its US counterpart during late US session on Friday ahead of Reserve Bank of Australias policy meeting next week and as prospects of maintained stimulus reduction by the Federal Reserve led to lower demand for high-yielding currencies, such as the Aussie. AUD/USD touched a new session low at 0.8916 […] Read more

GBP/USD extends losses after UK jobless report, BoE minutes

February 19, 2014 12:37 pm
The pound extended yesterdays losses to further distance from a 4-year high, after data revealed the UK unemployment rate unexpectedly rose in the three months through December, easing concerns BoE may raise interest rates sooner-than-projected. GBP/USD hit a session low at 1.6637 at 12:24 GMT, after which consolidation followed at 1.6646, losing 0.23% for the […] Read more

EUR/USD plunges on negative ECB deposit rate talk

February 12, 2014 2:09 pm
The euro declined against the US dollar on Wednesday, after an ECB Executive Board member said in an interview that the central bank was seriously considering negative deposit rates. EUR/USD reached a session low at 1.3564 at 12:35 GMT, after which consolidation followed at 1.3574, losing 0.47% for the day. Support was likely to be […] Read more

GBP/USD reaches fresh two-week highs as BoE report underscores UK recovery

February 12, 2014 12:57 pm
The pound advanced to the strongest level in two weeks against the US dollar, after Bank of Englands inflation report reiterated the economy is gaining traction, although the central bank also kept its pledge to maintain the benchmark interest rate at a record low. GBP/USD hit a two-week high at 1.6558 at 11:20 GMT, after […] Read more