Oil N' Gold - Resources for Serious Traders
Oil N' Gold Focus Reports
USD Plunged amidst Trump's Warning, Sterling Jumped after May's Brexit Plan Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Wed Jan 18 17 01:32 ET
British pound rebounded strongly on PM Theresa May’s speech. At the highly-anticipated speech outlining the blueprint for the UK to leave the EU, May for first time announce that the Kingdom would leave Europe's single market so as to control EU immigration. Yet, she refrained from setting clear conditions for immigration, jurisdiction and budget issues. More importantly, May also committed to placing a final Brexit deal to a vote in both houses of the parliament.
Read more...
 
Pound Pounded by Renewed Brexit Concerns Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Tue Jan 17 17 01:33 ET
Renewed concerns over "hard" Brexit hurt British pound, sending it to a 3-month low of 1.1979 against US dollar before recovering to above 1.2 at close. The market is closely watching PM Theresa May's speech today, speculating that she would signal that the UK would depart from the European single market.
Read more...
 
Awaiting Trump's Inauguration Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Mon Jan 16 17 02:01 ET
We have a light calendar with the US market closed on Monday. For the week ahead, the focus is on the inauguration of Donald Trump as the US president. While this would mostly be a ceremonial occasion, the market would closely watch for comments and announcement from his administration, on issues regarding trades and legislation, in following days.
Read more...
 
Commodities Gained as USD Slipped on Diminished Rate Hike Hopes Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Fri Jan 13 17 00:11 ET
Wall Street weakened as investors continued to react to Trump's press conference. DJIA and S&P 500 indices recorded the biggest one-day loss since last October, before recovery. The indices dropped -0.32% and -0.21% respectively. US Treasury prices climbed higher, sending yields lower. Besides Trump's speech diminished rate hike expectations, Investors also responded to a US$12B auction of 30-year government bonds. US 2-year yields slipped -2 bps to 1.173% while the 10-year yields dropped also -2 bpd to 2.357%.
Read more...
 
USD Slid on as Trump's Speech Disappointed Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Thu Jan 12 17 01:53 ET
The market was very disappointed by Donald Trump's first post-election press conference. Lacking details on his pro-growth plan, the theme of his speech centered on the avoidance of conflict of interest between his business and the presidency. US dollar fluctuated.
Read more...
 
Oil's Recent Rally Lost Steam amidst Concerns over Inventory Gains Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Wed Jan 11 17 01:12 ET
A second consecutive day of decline signals that the recent rally in crude oil prices might have lost momentum. Besides a disappointing report showing the first US crude inventory increase in 8 weeks, the market was unimpressed by the news of Saudi Arabia's output cut.
Read more...
 
Chinese PPI Jumped as CNY Slumped and Commodity Prices Soared Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Tue Jan 10 17 00:30 ET
Released earlier today, headline CPI in China eased mildly to +2.1% y/y in December, from +2.3% a month ago. The moderation was mainly driven by food price which decelerated to +2.4% from November's +4%.
Read more...
 
Market Expects Another Fed Rate Hike in May/June; Members' Views Mixed Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Sun Jan 08 17 23:09 ET
Another solid US payrolls report anchored hopes of more rate hikes this year, sending Treasury yields higher. Released last Friday, US non-farm payrolls rose +156K in December, compared with consensus of a +178K addition. However, the November reading was revised higher to +204K.
Read more...
 
Weekly Fundamentals - Choppy Oil Price Movement Signals Doubts over Rebalancing and OPEc COmpliance Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Sun Jan 08 17 05:49 ET
Crude oil prices edged higher on the first week of 2017. Yet, the choppy trading pattern signaled doubts over OPEC's compliance on production cut. Undeniably, USD strengthened also limited gains. Oil prices might still have room to climb higher from current levels with limited upside, though.
Read more...
 
Commodities Firmed as USD Plunged on Disappointing Job Data Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Fri Jan 06 17 00:18 ET
Crude oil remained firm as the EIA/DOE report shows huge decline in inventory. The front-month WTI contract gained +0.94% while the Brent contract was up 0.76%. Refined oil product prices were mixed as both gasoline and distillate stockpile soared last week. Precious metals extended recent gains with the benchmark Comex gold and silver contracts rising +1.37% and +0.52% respectively.
Read more...
 
API Estimated Biggest US Inventory Fall in 4 Months Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Thu Jan 05 17 01:25 ET
Energy prices rebounded on report of US inventory draw and the retreat of US dollar. the front-month WTI crude oil contract initially rose to 53.43 before ending the day at 53.26, up +1.78%, while the Brent contract settled at 56.46, up +1.79%. Prices of refined oil products also gained for the day.
Read more...
 


JPAGE_CURRENT_OF_TOTAL