HEADLINE - OIL RETRACES DURING THE ASIAN SESSION AS EIA POSTED PRODUCTION CUT FOR THE WEEK - DEATH TALLY INCREASES IN THE WAKE OF THE CORONAVIRUS UP TO 25 - WORLD ECONOMIC FORUM WRAPS UP TODAY AS FOCUS OF THE WEEK INCLUDES SUSTAINABILITY AND ENVIRONMENTAL ISSUES - ASIAN EQUITY MARKET FLAT ACROSS THE BOARD AS MOST MARKETS CELEBRATE CHINESE NEW YEAR
Asian Market Headlines: - Oil nudges up slightly to the end of the us session as EIA posted better than expected inventory data - Travel ban has now been put in place for 5 cities across China as officials try harder to stem to spread - US Equity markets up during the session as fears subside within the market cooling recent pullbacks - WHO announces that the...
Headlines: - Oil prices have continued their fall down another -1.5% for the Asian session ahead of weekly EIA data - Coronavirus causes china to ban travel from Wuhan to other cities in region to stem the spread - Futures are pointing negative start for the us sessions as further fears grow over virus - EIA data to be released during US afternoon session
Asian Market Headlines: - Oil Prices down more than -3% as supply factors & API Data weights on investors - Lebanon tensions are still high as protesters call for fair and democratic election - Futures are pointing negative going into the Asian session on the backs of virus and global sentiment
Headlines: - Asian equities surge as China tries to stem the outbreak within the region and afar - Lebanon form cabinet as Hezbollah along with partners agree to form a cabinet - API Data to be released during the US session with oil speculators expecting further possible cuts - World Health Organisation Officials set to meet today in emergency meeting regarding...
Asian Market Headlines: - Coronavirus outbreak reaches the US sending fear into the markets as S&P down-0.27% - Hong Kong government debt downgraded by US rating agency Moody’s - President Trump’s impeachment trial begins in Washington D.C to Potus’s disapproval - Lebanon’s announces new prime minister as formation of new federal government
Headlines: - Protesters are demanding change in Iraq as protesters voice their disapproval and need for independent leader - Leader of Qud Forces threatens retaliation in the aftermath of the killing of Soleimani - Oil Markets retrace after Monday markets surge in prices seeing oil down during the Asian session - World Economic Forum begins today with markets...
Headlines: - Crude prices pair most of early Monday mornings gains as market re-establish themselves during European session - US & France come to truce trade deal over previously wanted digital taxes - China is being gripped by outbreak of virus going into Lunar New Year celebrations - World Economic Forum begins today in Switzerland with global leaders meeting
Headlines: - Crude surges during the Monday session as Libyan Commander Hafter leads shutdown of oilfield in Libya - Tensions in Iraq flare as security teams blocks entry to oil production facilities temporarily - Asian markets higher across the board as Chinese equities up +0.75%
Headlines: - Fridays CFTC showing slight decrease in Non-Commercial long open interest for the week, however still showing Long bias over 80% for non-commercials - Monday Asian session set to open high as futures point to a positive start to the week - Protests & rallies continue in Hong Kong as political leaders continue debates
After retesting daily support trend-line at $58 levels, we have now seen CL1 Crude Futures surge higher on the lower time frames seen here on the 15min
Headlines: - Crude volume flat during Asian session as price retests 58.60 levels - China posts GDP data for the quarter at 6% in line with expectations - US futures pointing to a modest start to the Friday session slightly up
Headlines: - US shares surge to further all-time highs up +0.86% with it leading the charge - Xi Jinping looking to boost mutual trust & cooperation between US & China stated in a release - Natural gas storage data posts better than expected cut down -109b for the week - Crude up +1.40% going into Asian session as price breaks then retests support
Asian Market Headlines: - President Trump signs Trade Deal with China in phase 1 of the deal - EIA sees unexpected Crude Inventory drop seeing NYMEX:CL1 shoots up above $58 per barrel - Russia has seen a change in Prime Minister as President Putin replaces Medvedev - US House Officials have now handed over impeachment articles to Senate ahead of hearing
London Session Update: - CL1 Crude Flat during the Asian session seeing only a small retracement of -0.10% - Oil Trader awaiting EIA Data release later in today's London session at 15:30 - GBP CPI and US Core PPI to also be released during the session raising implied volatility levels in currency markets
CL1 Chart seems quite bearish coming off the past week as with news showing hostilities within the region have calmed down significantly taking away much of the volatility. Saying this though, it is clear to see on the chart crude it sitting now at its support line around the 58 level. Should we see a break in this support we could expect CL1 to fall back to...
Headlines: - Crude finishes the Asian session flat as markets seemed to steer clear of negative news over the weekend. - Asian equity markets took much of the spotlight during the session as ASX200 finished up +0.85% as well as the Nikkei225 up +0.73% with Industrials and Minerals leading the chart in Australia. - During the Asian saw China post Trade Balance...
- The US Treasury has come out stating that they will no longer be issuing China as a currency manipulator of the Yuan - CL1 Crude down more than -1.6% at the end of today's trading session on the back of cease fires and diminishing tensions between the US & Iran - Asian Session Traders attention turns to China as they await Chinese Trade Balance data