WTI
Stay in step with market opportunities and get insights, actionable trade ideas and dedicated support.
- Newest
- Popular
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
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.
Why trade with City Index?
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.
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.
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.
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.
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.
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.
Crude oil takes another plunge
This time on report that the OPEC+ to discuss production hike by 500K bpd
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.
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.
Commodities slump as dollar rebounds
Chinese demand concerns on the rise amid Covid outbreak
WTI falls as demand concerns intensify
Oil investors' focus is turning back to the demand side of things and in particular China...
WTI’s trend break more good news re inflation
...after CPI came in much weaker
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.
-
Eight awards across the board, we must be doing something right! Curious to see what sets us apart? Head to our website and find out! https://t.co/uT10nIVH2Z All trading involves risk. https://t.co/DWgipwRczD
1:12 AM − 22 Mar 2023
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.
Open an account in minutes
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.
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.
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.
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.
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.
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.