Emerging market growth the catalyst Oh, that’s a fresh view…
Dax futures down 0.8%, CAC 40 futures down 0.9%. Oil, gold, silver etc giving ground as European trading gets underway. Risk seemingly off. EUR/USD has drifted down to 1.4205 in slow trade.
Delayed reaction to yesterday’s margin hike? Oil is now down $4.50 while gasoline is down 24 cents or 7%
NYM light crude presently down only 1 1/2 bucks. EUR/USD steadying a little against that backdrop, presently at 1.4285 having earlier posted session low 1.4267. Guess it helps to be an oil trader if you want to trade EUR/USD at … Continue reading
NYM light crude now off 2 bucks. Will be weighing on EUR/USD which has slipped through 1.4300, presently at 1.4293.
Oil up over $6 before receding slightly…
Wants to downgrade Greece to B or B- from current BB+ Oh dear, think S&P rather stole their thunder. They’ll have to go for at least B- now. Meanwhile back at the ranch, oil only up now $3.92. EUR/USD 1.4296 … Continue reading
NYM light crude up $2.29 at $99.46, extending recovery. Gold ticking higher too, presently at $1,504. Against this backdrop EUR/USD up at 1.4420. Talk Asian central banks been buying EUR/USD this morning.
This weeks fall in oil price was welcome as crude above $120 is too high; $90 to $100 is ideal (cobblers, $50 or lower is ideal) No shortage of crude oil or refined products in market