MarketPulse

The Veterans Day holiday in the US saw oil trading volumes decline overnight. After both Brent and WTI spiked higher initially, they quickly gave up those gains, finishing almost unchanged at USD43.75...

Asian stock markets in calm watersAsian equities are drifting today, content to follow Wall Street’s positive session. The overnight session was notable for gains in the Nasdaq, which rose 2.01%...

US dollar down slightly in AsiaOvernight the US dollar consolidated on forex markets, with the dollar index almost unchanged at 92.75. Amongst the major currencies, the Japanese yen retraced some of...

Oil continues to defy gravityThere are no signs of a correction in oil markets, with Brent and WTI rising strongly again overnight as oil traders go all-in on a vaccine-led recovery boosting demand....

Asian equities see rotation trade profit-takingThe overnight session in New York saw a sense of calm return after the feeding frenzy of the day before. The technology work from home sectors remained...

Pfizer (NYSE:PFE) sends equities sharply higher.Financial markets danced the time warp back to the future overnight, as Pfizer and BioNTech announced that the preliminary results of their COVID-19...

Asian equities take their cue from higher US marketsAsian equity markets are set for a healthy day today after the great rotation trade sweep European and American stock markets overnight. Nowhere was...

Biden win boosts equity marketsEquity markets are on fire today following the US elections being called for Joe Biden. Mr Biden is perceived as being more friendly for trade, and with the...

US dollar retreats as regular service resumesThe US dollar index finished just 0.12% lower at 93.44 yesterday, but that belied the volatile nature of election day trading. The G-10 currencies traded...

US equity markets jump, Asia also higherThe blue wave buy everything trade’s momentum continued overnight. Following a strong showing by Asia yesterday, European and American markets piled into...

Oil stages an impressive rallyThe tail-chasing noise was there for all to see overnight, reaching eardrum splitting decibels. The robust US Manufacturing PMI triggered a squeeze of recent short...

US Manufacturing PMI sends US and Asia markets higherThe impressive outperformance by the US Manufacturing PMI overnight, rising to 59.3, lifted pre-election spirits on Wall Street. The data was all...

The answer is almost! The most divisive election in Western democratic history commences today as those Americans who haven’t voted head to the polls. Results will start flowing in through the...

Profit-taking on oil sets in on US employment nervesWith oil’s upward momentum stalling after both contracts broke monthly resistance this week, it wouldn’t have taken a lot for investors...

What crazy times we live inStock markets are back in the red on Tuesday afer Wall Street endured a shaky start to th week and oil left everyone gobsmacked as it ventured into uncharted territory. Oil...

My days increasingly begin with the phrase “where do I start?” Jumping in: it is clear that the dislocation of pricing across forex, oil and precious metals markets overnight, is pointing...