United States Oil (USO) should expect significant outperformance

United States Oil (USO) should expect significant outperformance On the morning of publication of the EIA-914 and EIA PSM reports today (October 31), providing US monthly oil production data for August 2018, Rystad Energy analysis indicates that the market should expect significant outperformance of US oil production compared to the EIA’s predictions. The EIA’s current…

Gold Higher, USD Lower, Stocks Higher  + Commodities

Gold Higher, USD Lower, Stocks Higher  + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Higher US Dollar Eases Crude Oils Down Asian Stocks Higher Traders eye US Economic Data Traders eye US Earnings Data In Asia Gold prices inched higher in early Asian trade Thursday, recovering from a 3-week low marked in the Wednesday’s session as the USD eased. Spot gold was up 0.2%…

Australian Dollar: USD/AUD (AUD=X) weakens after eighth consecutive inflation disappointment

Australian Dollar: USD/AUD (AUD=X) weakens after eighth consecutive inflation disappointment The Australian Dollar stumbled Wednesday after an eighth consecutive inflation disappointment vindicated the market for its pessimism about the outlook for interest rates down under, and as data suggested the Chinese economy is beginning to creak under the pressure of U.S. tariffs. Australian inflation rose…

Gold Lower, USD Higher, Stocks Higher  + Commodities

Gold Lower, USD Higher, Stocks Higher  + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Coming Off of 3 Month Highs US Dollar (.DXY) Index Higher Crude Oils Prices Up Asian Stocks Higher Traders eye US Economic Data Traders eye US Earnings Data In Asia Gold prices fell to a more than 2-week low Wednesday as Asian stocks gained and the USD touched multi-month highs on…