Author: FX
Via oilprice.com:That headline is build in stocks is quite something, especially given a draw was expected. Expectations I had seen centred on:Headline crude -2.1mn barrelsDistillates -1.0 mn bblsGasoline -1.7 mn—This data point is from a privately-conducted survey by the American Petroleum Institute (API).It’s a survey of oil storage facilities and companiesThe official report is due Wednesday morning US time.The two reports are quite different.The official government data comes from the US Energy Information Administration (EIA)Its based on data from the Department of Energy and other government agenciesWhereas information on total crude oil storage levels and variations from the previous week’s…
DXY trades near the 104.20 zone after mixed reaction to PMI and Job Openings data. Manufacturing activity contracts and hiring slows, keeping stagflation risks in play. Resistance seen around 104.84 with support clustering near 104.13. The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, trades near the 104.20 area on Tuesday, showing little directional bias after a series of soft US economic data releases. A weaker-than-expected ISM Manufacturing PMI print, a decline in Job Openings, and cautious Fed commentary paint a murky outlook for the Greenback. Despite modest gains, the technical…
Germany's outgoing government claims success over irregular immigration Source link
The Reserve Bank of Australia (RBA) left its cash rate unchanged at 4.10% in its April 2025 policy decision, as widely expected. The central bank statement maintained a cautious tone, noting that underlying inflation is moderating but emphasizing that returning inflation to target remains its top priority. Policymakers reiterated that monetary policy remains restrictive and that confidence is needed to ensure inflation continues on its downward path. The RBA also pointed to ongoing global and geopolitical uncertainties, adding that risks to the inflation outlook remain two-sided. While the language of the statement was largely unchanged from February, the RBA signaled…
The European gas price (TTF) has fallen back to around EUR40 per MWh over the past week, Commerzbank’s commodity analyst Thu Lan Nguyen notes. Scope for further natural gas price weakness is limited “In addition to general economic concerns, a better supply situation is also providing relief. According to Bloomberg data, LNG imports in March reached their highest level for the month since 2017, which should somewhat alleviate fears regarding the current lower filling levels.” “According to the GIE, European gas storage facilities were 34% full on 30 March, compared to a 5-year average of 45% at this time. The…
Boeing denies drop in output after report of 737 setback Source link
Rising inflation expectations are a concern.Inflation expectations remain anchored.Slack in opening in the UK labour market.Disinflation continues to be underway.Wage growth is above what our models can explain. This article was written by Giuseppe Dellamotta at www.forexlive.com. Source link
USD/CHF weakens to around 0.8840 in Tuesday’s early European session. The swirl of uncertainty surrounding the forthcoming US tariffs weighs on the US Dollar. The Swiss Real Retail Sales rose 1.6% YoY in February, stronger than expected. The USD/CHF pair softens to near 0.8840 during the early European session on Tuesday. The US Dollar (USD) edges lower against the Swiss Franc (CHF) as traders grow risk-averse ahead of US trade tariffs expected to be unveiled on Wednesday. Several Trump administration officials suggested that reciprocal tariffs would be focused on a handful of countries that have large trade imbalances with the…
The CCI with Dynamic Channels MT4 Indicator offers a powerful solution by combining the versatility of the Commodity Channel Index (CCI) with dynamic channels for better market analysis. It helps traders spot trends and reversals more effectively, giving them a clear edge in their trading strategies. Let’s dive deeper into how this indicator works and how it can improve your trading decisions. What is the CCI with Dynamic Channels MT4 Indicator? The CCI with Dynamic Channels MT4 Indicator is a sophisticated tool designed to enhance the effectiveness of the Commodity Channel Index (CCI) on the MetaTrader 4 platform. By adding…
The Reserve Bank of Australia (RBA) kept its cash rate unchanged at 4.10% at its April 1st meeting, maintaining its cautiously optimistic stance on inflation while expressing concerns about global economic uncertainties, particularly related to US trade policies. The decision to hold rates steady was widely anticipated by markets, with traders having priced in approximately 93% odds of no change ahead of the meeting. This follows the RBA’s first rate cut in over four years, which occurred in February 2025 when the bank lowered rates from 4.35% to 4.10%. Key Takeaways: RBA maintained cash rate at 4.10% as widely expected…