Oil closed strongly

August 4, 2016

Research Team at ANZ, notes that the oil closed strongly while most other commodities struggled with the stronger USD.

Key Quotes

“Oil prices rallied after the EIA weekly report showed gasoline inventories declined the most at this time of the year for at least five years. Stocks dropped 3.26 million barrels to 238.2 million barrels. The market was also buoyed by a fall in US oil production, down 55kb/d to 8.46mb/d last week.

The strong USD, driven by a positive private sector jobs report by ADP, created a headwind too strong for most other commodities. Gold eased back from a ten day rally as investors took profits. Industrial metals also struggled, with copper trading sideways. Weaker steel prices in China weighed on iron ore, with physical traders sitting on the sidelines.”

Publication source
HYCM information  HYCM reviews

December 9, 2016
Markets throw caution to the wind
Markets have thrown caution to the wind when it comes to movements as of late as once again US equities set the scene with another stellar rise, though not as big as yesterdays...
December 8, 2016
U.S. equities post a new record high. Euro looks to ECB meeting
U.S. equities edged higher to post new highs in yesterday's trading marking one of the strongest one day gains since the November elections. The DJIA gained 1.6% while the S&P500 closed with 1.3% gains...
December 8, 2016
US equities jump sharply
US markets saw a massive rise today as the Dow was up 300 points and the S&P 500 was up 29 points showcasing that investors believe the advent of Trump will have a positive effect on the US economy.

FBS Rating
HotForex Rating
FIBO Group Rating
HYCM Rating
XTB Rating
EXNESS Rating

OptionBit Rating
Porter Finance Rating
24option Rating
Empire Option Rating
IQ Option Rating
TopOption Rating