March, 2017 | Forex, Commodities & Index Analysis

Dear traders,

I will be starting to post various live signals to this blog. Some of these will be tradable, with some of them just giving information. All should be considered educational only.

Best regards,

Sam

Dr Sam’s Financial News Feeds

Russia's Novak: Russia does not plan to boost oil output to 12 mln bpd October 23, 2018

According to Russian News Agency TASS, Russia’s Energy Minister Alexander Novak stated that they were not planning to boost the oil output to 12 million barrels per day by the end of 2018. Crude oil prices didn't show a significant reaction to this headline and the barrel of West Texas Intermediate was last seen trading at […]

Want to know the latest business news? October 23, 2018

Read the latest business and financial news, market news, headlines, earnings, economic news and more on RTTNews

Want to know the latest business news? October 23, 2018

Read the latest business and financial news, market news, headlines, earnings, economic news and more on RTTNews

AUD/USD keeps the red, just above mid-0.7000s October 23, 2018

• The USD manages to recover early lost ground and prompts some fresh selling. • Weaker copper prices/risk-off mood exert some additional downward pressure. The AUD/USD pair stalled its intraday attempted recovery ahead of the 0.7100 handle and might now be headed back to the lower end of its daily trading range. The […]

Italy's Salvini: Will listen to everyone over budget but won’t turn back October 23, 2018

Italian Deputy PM Salvini recently crossed the wires saying that they would listen to everyone over the budget proposal but added that they wouldn't turn back, as reported by LiveSquawk. "The only institution that can improve the budget is the Italian parliament," further argued. Earlier today, Di Maio said that although European Commission was set […]

EU willing to offer May a UK-wide customs arrangement - RTÉ News October 23, 2018

According to the latest headlines floating on the wires, via RTÉ News, the EU will offer British Prime Theresa May a UK-wide customs union as a way around the Irish backstop issue, but it will have to be negotiated beyond the Withdrawal Agreement as a separate treaty. The news triggered a fresh leg of an […]

Brazil Mid-month Inflation below forecasts (0.64%) in October: Actual (0.58%) October 23, 2018

UK PM spokesman: Government is working intensively to resolve Irish backstop October 23, 2018

The UK PM spokesman, James Slack was out on the wires in the last hour, saying that the position of EU backstop proposal is unacceptable and that the government is working intensively to resolve Irish backstop. Additional quotes: • Raab is to update Cabinet weekly on Brexit deal, no-deal scenarios. • Reaching a […]

EUR/USD recovery halted ahead of 1.1490 October 23, 2018

The pair’s bullish attempt lost momentum near 1.1490. The greenback bounces off lows in the vicinity of 95.80. Italy, Brexit, risk trends ruling the sentiment so far. After printing fresh daily tops in the boundaries of 1.1490, EUR/USD has now come under renewed selling pressure and is gyrating around the 1.1460 region. EUR/USD keeps looking […]

NZD/USD seen sidelined in the near term – UOB October 23, 2018

FX Strategists at UOB Group believe the Kiwi Dollar should remain rangebound in the short-term horizon vs. its American peer. Key Quotes 24-hour view: “Expectation for NZD to extend its rally was wrong as it staged a swift turnaround from a high of 0.6620 (we expected a ‘test’ of 0.6630). The rapid decline indicates that […]

Italy's Di Maio: Decision on Italian budget already been made clear by EU's comments October 23, 2018

Italy's deputy Prime Minister Luigi Di Maio was out on the wires in the last hour and said that decision on budget proposals have already been made clear by the EU comments. Despite the fact that the European Commission is set to reject Italy's budget proposal, Di Maio was hopeful that dialogue can continue ahead […]

Oil: Market under pressure - ING October 23, 2018

The oil market has been under pressure for much of October, with growing crude oil inventories in the US weighing on the market, according to Warren Patterson, Commodities Strategist at ING. Key Quotes “US inventories have increased by 22.3MMbbls since mid-September, as refineries reduce run rates over maintenance season. Later today the API will release […]

GBP/USD: attempted recovery stalls near 1.30 handle October 23, 2018

• Renewed USD selling helps stage a modest rebound from 2-1/2 week lows. • Brexit uncertainties might continue to keep a lid on any meaningful up-move. The GBP/USD pair held on to its recovery gains through the mid-European session, albeit seemed struggling to build on the momentum further beyond the key 1.30 psychological […]

WTI hits 6-week lows near $ 68 amid risk-off, Saudi´s pledge October 23, 2018

Risk-off slide in global stocks, Saudi´s commitment knocks-off oil prices. All eyes on the API crude stocks data for some respite to the bulls. WTI (oil futures on NYMEX) is seen extending its declines in the European session, now down over a percent near fresh six-week lows reached just ahead of the 68 mark, as […]

EU Commission likely to give a negative opinion on the Italian budget – Danske Bank October 23, 2018

Analysts at Danske Bank note that yesterday, Italy sent a letter to the EU Commission reaffirming its fiscal stance but opening up for a dialogue with the EU on the budget for 2019. Key Quotes “As a result, our base case is that the Commission will give a negative opinion on the Italian budget draft and ask […]

Gold spikes to 3-month tops, around $1235 level October 23, 2018

• The global flight to safety helps gains strong positive traction. • Renewed USD selling/weaker US bond yields remain supportive. • Technical studies support prospects for further near-term gains. Gold continued scaling higher through the mid-European session and spiked to three-month tops in the last hour. A fresh wave of risk-aversion trade […]

Saudi Arabia: Pressure increasing – Danske Bank October 23, 2018

Pressure is increasing on Saudi Arabia to give full details behind the death of journalist Khashoggi, points out the research team at Danske Bank. Key Quotes “Yesterday, Germany said they would block arms sales and the US expressed dissatisfaction with the account given by the Saudi government. The tense situation in the Middle East may have an […]

Riksbank likely to hold its key policy rate at -0.50% - TDS October 23, 2018

Analysts at TD Securities expect a relatively straightforward rate decision, with the Riksbank holding its key policy rate at -0.50%. Key Quotes “The Executive Board is likely to keep its assessment that the key policy rate will rise by 25bps at either its December or February meeting, without giving further fine-tuning to this guidance.” “Recent […]

GBP/USD still focused on 1.2920/25 – Commerzbank October 23, 2018

Cable’s attention remains on a potential test of 1.2920/25 in the near term, said FX Strategists at UOB Group. Key Quotes 24-hour view: “Expectation for sideway trading was clearly wrong as GBP plummeted and cracked the major 1.3000 support before ending the day not far above the day’s low of 1.2957 (NY close of 1.2967). […]

European stocks sink to near 2-year lows October 23, 2018

European equity markets remained under some intense selling pressure on Tuesday and fell to their lowest level in nearly two years. Rising geopolitical tensions, following the US President Donald Trump's threat to pull out of the US-Russia nuclear arms agreement and Saudi Arabia's diplomatic isolation, dampened investors' appetite for riskier assets - like equities. This […]

Month: March 2017

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