Market Updates

Brent and WTI post biggest gains in 15 weeks

Oil prices moving steady on Wednesday, with market players on the lookout for fuel demand pointers amid COVID-19 concerns after Singapore suspended quarantine-free travel and Australia renewed its vaccination push due to a surge in Omicron variant cases. If there are more countries deciding to take the same stance on travel bans due to new Covid-19 variant we may see a shift in the demand of Oil.  U.S. West Texas Intermediate (WTI) crude futures rose 12 cents, or 0.1%, to $71.24 a barrel at 0757 GMT after jumping 3.7% on Tuesday. Brent crude futures rose 1 cent, or 0.01%, to $73.99 a barrel after gaining 3.4% in the last session.

 

 

US Dollar Performance in 2021

Below we can see the performance of currencies vs multiple global currencies, only 4 currencies managed to outperform the Greenback (USD dollar) over this year.

 

Natural Gas

European gas prices hit a new record high on Tuesday after Yamal switched direction, a move the Kremlin said had no political implications, while two big German customers said Gazprom was meeting supply obligations. The European benchmark was trading at 177 euros ($199.92) per megawatt hour, close to the all-time high of nearly 185 euros hit in the previous session.

 

Daily Currency Heatmap

The table below shows the devaluation of the Japanese Yen against all the other major currencies. The Aussie and the Kiwi are both Bullish in comparison to the other ‘majors’.

 

Todays’ Earnings

Today’s Dividends

 

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information presented here.