Black Friday isn’t so black for oil
Despite US investors being on holiday yesterday for Thanksgiving, the dollar has regained a little ground with the rebound coming largely at the expense of crude oil which continued its decline as...
View ArticleLower oil throwing China growth a lifeline
Chinese data overnight has given some mixed signals but whilst the headline growth figure for Q4 coming in just above expectations at 7.3% when it was expected to decline to 7.2%. What was also mildly...
View ArticleOPEC to score own goal at next week’s meeting?
Oil prices have had a roller coaster ride since tumbling from over $100 a barrel almost exactly a year ago. Within six months of commencing their downward spiral crude prices were sub $50 in what was...
View ArticleMixed commodity currencies
It’s going to be a quiet end to the week with a rather bare economic calendar today. As a result markets are calm going into the week end following a quiet Asian session overnight that had a positive...
View ArticleCommodity slump spoils Christmas rally
Further weakness in commodity prices is unsettling investors during this historically very bullish month for equity markets. December usually sees indices rally as Christmas cheer engulfs investors and...
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