This week’s crude oil inventories data revealed that commercial firms added 1.4mil barrels of oil to their inventories. Although it let down the consensus of -1.6mil barrels, this shows sign of a slowdown in crude oil production when compared to previous change of… Continue reading U.S. Non-Farm Payroll registered above consensus at 255k
Following three failing attempts to break above the EMA20 line, the price of WTI Crude Oil (FX: USOIL) eventually resumed its downward trajectory with a decisive 3% intraday dip as the lead. The bearish trend kicked off when the price earlier formed a bearish divergence with respect to MACD, which can be… Continue reading Crude Oil Bearish Trajectory Underway?
Major market indices in China rally as investors weigh on core economic releases. China’s GDP in the fourth quarter of 2015 decelerated… Continue reading China GDP growth at slowest pace in 25 years
After a day of rate hike celebration in the stock market (possibly fueled by short positions covering), the major US indices retraced as investors began to assimilate manufacturing data. In December, Capacity Utilization Rate, Industrial Production, as well as… Continue reading Initial Claims improved to 271k; Manufacturing data showed eroded confidence; oil sinks to lowest level in near 7 years
Earlier today, the Federal Open Market Committee (FOMC) voted unanimously to raise the target range for the federal funds rate (Fed rate) by 25bps to 0.25% – 0.5%, marking the end of an unprecedented 7-year stretch… Continue reading Fed ends 7-year zero rate era
October’s Consumer Price Index in US escalated 0.2% month-on-month after two straight monthly declines as the cost of goods and services rose. The modest increase… Continue reading Weak inflation and industrial output hint rate to maintain?
What is happening? Malaysia’s capital account saw an appreciable capital flight in July and August amid concerns over the performance of domestic investments. In August, foreign … Continue reading Will MGS Withdrawal Continue its Momentum?