Author: Justin McQueen

Crude Oil Forecast: Rising Trade War Tensions to Keep a Lid on Oil Price Gains

Crude Oil Forecast: Rising Trade War Tensions to Keep a Lid on Oil Price Gains

OPEC agreed to increase output by 1mln bpd to reduce ‘over compliance’ with the current output agreement. Oil price gains likely to be capped amid rising trade tensions .

US AM Digest: Crude Futures Rise as OPEC Agree to 1mln bpd Oil Production Increase

US AM Digest: Crude Futures Rise as OPEC Agree to 1mln bpd Oil Production Increase

OPEC agree to raise production by 1mln bpd, which will represent a real production increase of roughly 600k bpd. CAD soft after lower than expected CPI report.

Crude Oil Volaitility Expected as OPEC Increase Oil Production

Crude Oil Volaitility Expected as OPEC Increase Oil Production

OPEC’s 174th ordinary meeting takes place today where expectations are for a relaxing of the current oil supply quota’s.

EURUSD Firms as Eurozone PMI Suggests Recovery in Growth

EURUSD Firms as Eurozone PMI Suggests Recovery in Growth

Eurozone PMI suggests that Eurozone growth has recovered despite stagnant manufacturing which has been hampered by increased trade war tensions.

US AM Digest: GBP Surges on Hawkish BoE, EUR Dips as Italy Appoints Eurosceptics

US AM Digest: GBP Surges on Hawkish BoE, EUR Dips as Italy Appoints Eurosceptics

Sterling bulls have been provided with some hope following the BoE rate decision, after Chief Economist Haldane joined McCafferty and Saunders in voting for a hike.

Sterling Bulls Offered Hope as Bank of England Raises August Rate Hike Bets

Sterling Bulls Offered Hope as Bank of England Raises August Rate Hike Bets

Bank of England kept the Bank Rate at 0.5%, however a more hawkish vote split at 6-3 led to the surge in the Pound as markets repriced an August rate hike, which now sits at 45%

EURUSD and Italian Assets Fall as Italian Political Uncertainty Returns

EURUSD and Italian Assets Fall as Italian Political Uncertainty Returns

EURUSD fell to its lowest level since July 2017 at 1.1508 as Italian assets came under pressure after reports that two Eurosceptic members had been appointed to the finance committee

Swiss Franc Muted Despite SNB Signalling Negative Rates for Longer

Swiss Franc Muted Despite SNB Signalling Negative Rates for Longer

SNB monetary policy assessment was largely unchanged from the previous quarter, while they downgraded longer term inflation forecast indicating negative rates for longer.

US AM Digest: GBP Dictated by Brexit Risks, EUR Subdued as ECB Fret Over Trade War Concerns

US AM Digest: GBP Dictated by Brexit Risks, EUR Subdued as ECB Fret Over Trade War Concerns

Brexit risks continue to dictate GBP, with focus on the meaningful vote, EUR Subdued as the ECB voice concerns over looming trade war, which could complicate QE exit.

BoE Interest Rate Decision: Mixed Data to Prompt Wait and See Approach

BoE Interest Rate Decision: Mixed Data to Prompt Wait and See Approach

The Bank of England is expected to stand pat on monetary policy with the MPC’s view likely to be little changed from May, following mixed economic data. Eyes on Carney’s Mansion House speech.