Crude oil dipped 1.17 percent to $62.15/bbl over the last 5 trading days, inking back-to-back weekly losses for the commodity. The primary driver of recent downside could be attributed to reports from the EIA that crossed the wires during Thursday’s session which stated US crude stockpiles skyrocketed 9.9m/bbl to their highest level since September 2017. Ballooning crude oil production in the US now tops 12m/bpd and largely contributed ...
US Dollar Forecast - USD: Trade Wars vs Strong Economic Fundamentals - The Battle Continues The US dollar should be powering ahead based purely on economic fundamentals but the over-arching threat of global trade wars is reining in the greenback's performance. British Pound Forecast - GBP: Strong UK Data may Boost GBP, However, Brexit Overhang Remains The overhang of Brexit continues to provide an uncertain outlook for the ...
US Dollar Forecast: All Eyes on Washington DC Amid Tax Cut Debate The US Dollar is likely to find its fortunes linked to the prospects of passing tax cut legislation that markets think might lead to a steeper Fed rate hike cycle in 2018. British Pound Forecast: Short-Term Weakness May Offer Long-Term Opportunity The post-Bank of England sell-off in Sterling has pushed it back towards support levels and may offer bullish traders ...
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