Could oil prices collapse to $20? "The short answer is ‘yes.’ We believe that crude oil prices could fall further unless global oil production is reduced. As shown in Table 2, we estimate that the global oil market could be oversupplied by roughly 920,000 bpd in 2016. The key assumptions are year-over-year growth in global demand of 1.2 million bpd, Saudi Arabia, Iraq and Libya hold production ...
"USD: EM and G10 Divergence. Bullish. We remain USD bulls but recognize that USD could see some correction against EUR in the near term as European yields head higher on the back of reflationary signs. This could spill over to mild weakness against other G10, but we remain bullish against EM. Higher volatility will reduce the attraction of EM carry, particularly as core yields rise across the board, narrowing interest rate differentials. In the medium term, we still expect USD to be ...
Gold closed the week at $1,183.16 up $24.61 per ounce (2.12%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, rose 0.45%. The U.S. Trade-Weighted Dollar Index lost 2.40% for the week. Gold Market Strengths Gold traders are the most bullish since the week ending January 2, according to a Bloomberg survey. This shift in sentiment is primarily the result of the dovish tone from the FOMC this week. ...
US Dollar Forecast- Usd Aiming Higher as Upbeat Jobs Data Fuels Fed Hike Bets US Dollar looks poised to continue to advance for a third week as upbeat payrolls data fuels speculation that a Fed interest rate hike will arrive sooner rather than later. Great British Pound Forecast - British Pound Holds on by a Thread- What to Watch in Week Ahead The British pound finished the week notably lower versus the resurgent US Dollar, but a busy week of economic event risk ahead suggests ...
US Dollar Forecast- Dollar’s Rally May Be Just Starting if Risk Aversion Ignites this Week The Dollar finally took a breather this past week. After 12 consecutive weeks of climb, the Dow Jones FXCM Dollar (ticker = USDollar) fell 0.7 percent. Japanese Yen Forecast – Don’t Sleep on the Japanese Yen - Big Things on the Horizon The Japanese Yen surged versus all major counterparts as the US S&P 500 saw its worst weekly decline in over two years. There’s little economic event ...
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