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All posts by Pablo Piovano

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WTI tumbles to lows near $67.50 post-EIA

Crude oil prices extend the downside near $67.50 post-EIA. US oil inventories unexpectedly rose by almost 2.2 mbpd. WTI in fresh 2-day lows following the DoE’s report. Prices of the WTI are extending the weekly correction lower on Wednesday in response to an unexpected build

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EUR/USD looks to extend the rebound from 1.2170

The pair is attempting prolong the bounce off fresh lows near 1.2170. The 1.2165/55 band emerges now as the next relevant support area. Higher greenback and yields keep fuelling the pair’s downside. The continuation of the up move in the greenback continues to weigh on

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MXN keeps the carry appeal intact – Rabobank

Senior Market Strategist at Rabobank Christian Lawrence, gives his view on the Mexican Peso. Key Quotes “MXN is the second best performing currency so far this year. MXN remains the most attractive carry currency when adjusting for volatility and liquidity and this has provided key

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US Dollar eyes fresh tops around 91.20

The greenback gathers further pace and tests new 3-month highs. US 10-year yields hit fresh tops around 3.03%. US crude oil supplies by the EIA next on tap. Measured by the US Dollar Index (DXY), the greenback is prolonging the up move and record fresh

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USD/TRY bounces off lows near 4.03 post-CBRT

The Turkish Lira appreciated to fresh 3-day tops post-CBRT. The pair’s weekly upside found resistance above 4.11 so far. The CBRT raised the LLW to 13.50% from 12.75%. The Turkish Lira has faded the initial post-CBRT spike and is now helping USD/TRY to retake the

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Gold stays near $1,320/oz, or session lows

The yellow metal remains under pressure near $1,320/0z. The ounce troy of Gold navigates the area of 3-week lows. Higher USD, US yields keep the metal under pressure. The solid performance of the greenback has forced the ounce troy of the yellow metal to recede

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NOK remains a buy on dips – Danske Bank

Morten Helt, Senior Analyst at Danske Bank, reiterated occasional dips in the Norwegian Krone remain buying opportunities. Key Quotes “NOK came under pressure yesterday with no evident drivers. We know large 1.0750, 1.0775 strikes are running off in NOK/SEK today which was one reason for

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EUR/USD fragile, finds support near 1.2190

The pair bottoming out near 1.2190, where some buyers appeared. US 10-year yields keep the trade above the 3.0% handle. US yields, risk sentiment to drive global markets. The demand for the shared currency remains subdued on Wednesday and is now taking EUR/USD to the