WTI

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Oil rig in the sea

Crude plummets - will OPEC come to rescue?

We might see an oversold bounce in prices soon but until something changes fundamentally, the path of least resistance would remain to the downside

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European Open: GBP/USD implied volatility spikes ahead of UK wages and US CPI

Whilst US CPI is likely the main event of the week, UK wages data could also turn the dial for the BOE, which is why GBP/USD implied volatility has spiked.

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February 14, 2023 03:50 PM

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Research

OPEC meeting preview: No change expected, crude likely to remain under pressure

The pulse of the oil market may quicken or slow depending on the outcome, but one thing is certain - the oil market will continue to beat with the rhythm of the global economy.

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January 31, 2023 03:41 AM
Energy

European Open: $82 continues to defy WTI crude bulls

Despite hopes of a rebound in demand due to China’s reopening, oil bulls have repeatedly failed to help WTI crude oil close above $82 – and momentum now points lower.

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January 30, 2023 03:39 PM
Energy

Oil hovers around 2023 highs ahead of a busy week

After rising 8% last week oil hovers around its year to date high, boosted by China re-opening and expectations of a less hawkish Federal Reserve.

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January 17, 2023 12:29 AM
Research

Recession concerns and a stronger US dollar send WTI back below $80

WTI suffered its worst day in 30 yesterday, with a combination of a stronger US dollar, recession concerns and weaker natural gas prices all playing their part for a bearish session.

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January 4, 2023 11:15 AM
Research

European Open: EUR/GBP rally stalls at key highs, German data in focus

We see a technical case for EUR/GBP to top out over the near-term, which could be helped if Germany deliver a soft inflation report today.

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January 3, 2023 05:00 PM
U-turn sign against blue sky

OK Fed followers: When is a pivot, not a pivot?

Jerome Powell hit the wires and effectively confirmed that the Fed will slow their pace of tightening, reigniting the argument over what a ‘pivot’ is.

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December 1, 2022 02:32 PM
Energy

Crude oil takes another plunge

This time on report that the OPEC+ to discuss production hike by 500K bpd

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November 22, 2022 03:00 AM
Research

European Open: Index futures dragged lower on China’s COVID woes

COVID cases continued to rise over the weekend, and that has weighed on sentiment overnight with oil prices and index futures trading lower.

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November 21, 2022 04:18 PM
Research

European Open: USD to regain strength after hawkish Fed comments?

The dollar caught a bid following hawkish comments from two Fed members late in the US session, which leaves the potential for a follow-through today.

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November 18, 2022 03:49 PM

Commodities slump as dollar rebounds

Chinese demand concerns on the rise amid Covid outbreak

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November 18, 2022 04:30 AM
Oil extraction

WTI falls as demand concerns intensify

Oil investors' focus is turning back to the demand side of things and in particular China...

Energy

WTI’s trend break more good news re inflation

...after CPI came in much weaker

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November 11, 2022 04:42 AM
Quarry and various stones

What are the most traded commodities?

The most traded commodities are energy sources like oil and gas, plus metals such as gold and agricultural products. Here we break down the top ten most traded commodities and explain how each one is traded.

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European Open: DAX futures point to a weaker open, retail sales on tap

The weak lead on Wall Street led to declines across Asia, and now back over to European and US futures which suggest a weak open for cash markets such as the DAX.

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October 21, 2022 04:05 PM

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European Open: DAX futures point to a weaker open, retail sales on tap

The weak lead on Wall Street led to declines across Asia, and now back over to European and US futures which suggest a weak open for cash markets such as the DAX.

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October 21, 2022 04:05 PM
Research

New Zealand’s inflation came in much hotter than expected [hoped]

Talk of peak inflation was short-lived following release of Q3 inflation for New Zealand, with the annual rate sticking near its highs and the quarterly rate accelerating.

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October 18, 2022 12:02 PM
Research

New Zealand’s inflation came in much hotter than expected [hoped]

Talk of peak inflation was short-lived following release of Q3 inflation for New Zealand, with the annual rate sticking near its highs and the quarterly rate accelerating.

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October 18, 2022 12:02 PM
Research

European Open: DAX rallies from 12k, WTI prints a potential swing low

The big question today is whether we’ll see the risk-on bounce seen yesterday flow over to today. Two potential traders we’re watching include the DAX and WTI futures.

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October 14, 2022 04:24 PM
Research

European Open: DAX rallies from 12k, WTI prints a potential swing low

The big question today is whether we’ll see the risk-on bounce seen yesterday flow over to today. Two potential traders we’re watching include the DAX and WTI futures.

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October 14, 2022 04:24 PM
Close-up of Union Jack flag

European Open: GBP spikes on reports the BOE may extend bond purchases

The BOE have now done two U-turns within 24hrs, by first cancelling their bond buying programme but then signalling behind closed door they may extend it.