Oil market
Oil traders have not yet decided on further price direction, but rather are looking for an excuse for pullback than for backing last week rally. According to Baker Hughes, the number of drilling rigs in the US increased last week while production reached a record 9.62M bpd. The most alarming part in fundamental picture of the US output was the pace of...
The US Senate released its soft version of tax-cut plan on Thursday featured with two stages of implementation. In particular, firms may need to wait for tax breaks till 2019 what leaves a little from anticipated stimulus boost, though less risky for government budget.
The budget committee has already approved a reform option and next week the House of...
The ECB is ready to postpone the introduction of more stringent rules on bad debts after European Parliament and Italy took swipe on the project, one of ECB governors said on Thursday. The regulator is seemingly prevented to take security measures against the background of a gradual stimulus downgrade as the regions are still heavily dependent on cheap cash and...
The IMF urged Japan central bank to adhere to the current program of quantitative easing in the fight against stagnating consumer prices, the position voiced by the Central Bank official at the last meeting on monetary policy.
Comments of the IMF Chairman Kristin Lagarde lay in opposition to the extensive criticism of the Bank of Japan, which does not want to...
Oil market
The oil market continues to master successively new peaks, rising on Monday to the highest level since July 2015 . Oversupply is steadily declining while Saudi Arabia's readiness for changes looks even more reliable against the backdrop of anti-corruption detentions in the higher echelons of power in the kingdom.
Prince Mohammed Bin Salman made a...
Some insight on NFP and Fed meeting
The Federal Reserve's meeting on Wednesday did not stirred much attention among investors, NFP is likely to face the same fate. After the natural disasters, it became clear that the US economic picture is distorted and blurred in the medium term, and the "data-dependence" rule in the Fed's policy will be temporarily...
US Dollar
The dollar took aggressive stance on Wednesday as investors await bullish comments from the Fed and White House while troubled New Zealand Dollar was rescued by a strong labor market report.
The basket of major currencies fell against the greenback, however last week's high at 95.00 seems to have to be conquered again.
The Fed's November meeting is of...
Asian markets gained on Tuesday dismissing weak factory data in the Chinese economy while the dollar has decided to hold up with growth, as the investigation into Russia’s meddling wth the US presidential election led to former campaign manager Manafort charged with money laundering and tax evasion, promising more intriguing data on possible POTUS collusion with...
Oil futures turned out to be less volatile this week than forecasted, the level of $60 per barrel is at stake on the Brent benchmark and the Saudi prince is absolutely not shy to openly support the extension of oil pact after March 2018.
WTI posts small losses on Friday as its buoyancy lags behind Brent’s as the increase in US output limits advance. The spread...
ECB
European stock markets and the euro stood still in anticipation of the results of ECB meeting, while in the fixed income market there is a slight rush and the price of bonds is moderately growing. The yield of US Treasuries also fell after a rise to a seven-month peak on speculation about a new Fed head, likely to be a candidate with a more aggressive policy...
Oil market
WTI declined on Wednesday but Brent continues to grow, fluctuating about a month's high, as Saudi Arabia said it is determined to end the supply surplus that has been holding prices for the third consecutive year. Energy Minister al-Falih said that the kingdom will do everything necessary to reduce oil reserves in industrial countries to an average of...
Despite the solid amount of bets on the hawkish outcome of ECB October meeting, where a decision should be made to cut money supply, Draghi does it all to play down the event.
At the conference in Frankfurt, the president of ECB once again recalled positive aspects of cheap liquidity, saying that low rates create a window of opportunity for European governments...
Trump tax reform
Predicting the failure of the Trump tax reform because of its scale and unclear double-side backwash, skeptics apparently understated the president's negotiation skills.
Despite initial skepticism, the number of supporters of the tax cuts is growing rapidly among Republicans. On Monday, it was clear that the level of approval allows for rolling...
The head of Federal Reserve Janet Yellen is doing everything to bring the energy of investors back on track. The Fed’s boss took advantage of the bankers meeting in Washington on Sunday to spread optimism, praising the economy and easing doubts about the delay in inflation.
According to Yellen, the current economic situation allows to expect a step-by step hiking...
The dollar made another spurt on Thursday and meets the employment report in high spirits. The weighted average index jumped almost to the level of 94.00 and that's what caused such a sharp rise:
Despite the fact that the House of Representatives has the whole October for discussions on the budget, legislators released a budget statement on Thursday for the next...
September ECB Minutes
World indices are descending from record highs, while European investors are waiting tensely for the protocol of ECB meeting in September to get more information about the regulator's intentions to curtail monetary stimulus.
CFTC data over the past week showed that hedge funds were gaining positions on the European currency, despite weak...
ECB prepares for the move
On the eve of a turning-point meeting in October, the ECB provided deeper insight in its plans of tapering off the asset purchase program. A recent statement by the regulator says that commercial banks should increase the amount of reserves to cover toxic debts next year. Such a measure looks like reinsurance before ECB starts to cut...
Inflation holds back the ECB
The chief ECB economist, Peter Prat, expressed concerns over the weak inflation in September, saying that while carrying out stimulus cuts ECB should not forget about inflation targeting. The official hinted at the ECB's high caution in this regard. It should be noted that the conduct of money supply shocks is a very sensitive and...
