Posts Tagged ‘oil’
Markets Rangebound, Waiting For Fresh Direction
U.S. Dollar Trading (USD) was mixed once again ending slightly stronger against risk currencies as US equities failed to hold onto intraday gains. Weekly Crude Oil Inventories fell -0.8m vs. -3m previously. In US stocks, DJIA +9points closing at 10415, S&P +1 points closing at 1093 and NASDAQ +6 points
Forex Exchange Morning Report
US equities fell further at the open, catching up with Cisco's weak revenue guidance and noting a weak reading from the US jobless claims report. The S&P500 is currently down 0.6%, the VIX barometer of risk aversion higher. Commodities are unchanged overall, although oil sank 3.2% to $75.50 on lingering
Weak US Jobs Hurt Dollar
U.S. Dollar Trading (USD) came under pressure after the July Non Farms Payrolls fell -131k and June’s figures were revised lower by another 100k. The USD/JPY tested the key Y85 level and EUR/USD broke above 1.3300 although some riskier assets like Oil came under pressure. The July Unemployment Rate increased
Forex Exchange Morning Report
US economic data (personal spending, factory orders, home sales) and earnings (Dow Chemical, Procter and Gamble) results presented mild disappointments to investors. The S&P500 is currently down 0.4%, a relatively modest reaction consolidating the past two days of gains. Commodities overall are unchanged, oil (+1.5%) making a fresh 2 1/2
US GDP Misses Estimates
U.S. Dollar Trading (USD) investor appetite for riskier assets pushed the USD lower against the commodity currencies on Friday as Oil and Gold rallied. Data was mixed with Q2 GDP at 2.4% vs. 2.5% forecast being offset by strong Chicago PMI at 62.3 vs. 59.1 previously. In US stocks, DJIA
BP looking for investors, help with cleanup
BP is seeking a strategic investor to fend off any takeover attempts as it struggles with the Gulf oil spill, newspapers say. BP also reportedly asks for help in paying for the cleanup.

Oil spill - BP - Gulf Oil - Environment - Energy



