Near-term momentum with the oil bulls A little profit taking on Wednesday hasn’t deterred oil bulls, with WTI waltzing over the $40 barrier this morning. While longer term risks remain tilted to the downside, it’s impossible to ignore the fact that ...

OANDA Senior Market Analyst Craig Erlam discusses the outlook for crude prices after they received a boost this week from lost output in Norway and the Gulf coast.

For a long time we’ve been warned that the final months of the year will be extremely eventful and if recent weeks are anything to go by, that may be an understatement. With the US election fast approaching, Covid on the rise again and Brexit ...

Gold and USD looking exhausted ahead of Fed It will be interesting to see how the dollar and gold respond to the Fed later today. Gold has really struggled to break back above $2,000 after collapsing back through here in spectacular fashion just ...

Oil gathering momentum as Brent hits new highs Oil prices are on the rise again on Thursday, with the inventory data from API and then EIA over the last 48 hours merely causing a pause in the rally despite reporting large increases. It would appear ...

Oil testing two month support Oil is hovering around technical support, having pushed against these levels on the opening day of the week. Brent crude dipped briefly below $42 and WTI $39 but both having recovered a little to sit just above thse ...

Oil prices are easing after pushing back towards their highs earlier in the week as two tropical storms headed for the Gulf of Mexico. With more than 1.5 million barrels a day being taken offline in anticipation of the storms, crude prices inched ...

Oil Edges to Upper End of Range Oil prices are edging higher again, lifted by positive risk appetite and a softer US dollar. Brent and WTI both remain near the upper end of their ranges, without really threatening a breakout at this moment. Brent ...

OANDA Senior Market Analyst Craig Erlam discusses the dollar’s recent declines and how the pound has recovered strongly against it as a result. This comes as Brexit talks resume this week.

OANDA Senior Market Analyst Craig Erlam explains why he thinks the outlook for gold is still bullish despite this weeks’ sharp pullback.

OANDA Senior Market Analyst Craig Erlam discusses gold as it tests long term resistance at $1,800 after grinding higher for months.

Too soon to celebrate? Stock markets pulled back on Monday as reports of second waves of the coronavirus appeared to unnerve investors. Of course, it’s early in the week and there was relatively little else happening which always makes me trust the ...

Stock markets are starting the week in the red with much of Europe heavily so, as many indices trade for the first time since Thursday as a result of the Friday bank holiday. The FTSE 100 took a hammering on Friday while many of the bourses were ...

OANDA Senior Market Analyst Craig Erlam discusses WTI crude in light of an exceptional few days in which the May futures contract went into negative territory for the first time ever.

What crazy times we live in Stock 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 clearly stole the show on Monday as WTI not only ...

OANDA Senior Market Analyst Craig Erlam explains why oil is falling again despite the biggest oil production cut agreement in history.

A dash of reality The last month has been much better than the one the preceded it for stock markets, but the rally may be running out of steam as earnings season brings us back down to earth. Results from the banks this week will provide a much ...

Earnings season a major hurdle for stock market rebound European stock markets are off to a decent start again on Tuesday, as the long bank holiday weekend produced some encouraging numbers that suggest many countries are now on a more positive ...

OANDA Senior Market Analyst Craig Erlam explains why oil is suffering so badly in the current environment and discusses whether that may change soon.

Is the Market Rebound Premature? It’s been an incredibly turbulent month for financial markets but the last week has given investors much to be optimistic about, with stocks in positive territory again on Tuesday. It’s still early days and I am not ...