Marshall Gittler
Trading Analysis
The Head of Investment Research at FX Primus Marshall Gittler explains how the demand and the seasonals affect the price in the oil.
Gittler also explains how the Weekly API & EiA inventory reports work and what are the differences between these two releases.
Watch the full webinar: Introduction to oil: Background to the market and outlook for the price
Editors’ Picks
EUR/USD faces extra pressure, drops below 1.1800
EUR/USD trades on the defensive, slipping back below the 1.1800 support on Thursday, all in response to decent gains in the US Dollar. Earlier on Thursday, the ECB matched consensus and left its policy rates unchanged, while President Largarde delivered quite a neutral press conference.
GBP/USD falls to new lows near 1.3530
GBP/USD extends Wednesday’s pullback on Thursday, easing lower towards two week lows around the 1.3530 area. Ongoing strength in the Greenback and the dovish hold from the BoE at its earlier meeting are keeping demand for the British Pound on the defensive for now.
Japanese Yen hangs near two-week low vs. firmer USD; USD/JPY bulls target 157.00 breakout
The Japanese Yen extends its sideways consolidative price move against a broadly firmer US Dollar and currently trades near a two-week low, touched earlier this Thursday. Investors remain worried about Japan's financial health on the back of Prime Minister Sanae Takaichi's expansionary fiscal plans. This, along with political uncertainty ahead of the snap election on February 8, has been another bearish development for the JPY and contributes to its relative underperformance.
Editors’ Picks
EUR/USD faces extra pressure, drops below 1.1800
EUR/USD trades on the defensive, slipping back below the 1.1800 support on Thursday, all in response to decent gains in the US Dollar. Earlier on Thursday, the ECB matched consensus and left its policy rates unchanged, while President Largarde delivered quite a neutral press conference.
GBP/USD falls to new lows near 1.3530
GBP/USD extends Wednesday’s pullback on Thursday, easing lower towards two week lows around the 1.3530 area. Ongoing strength in the Greenback and the dovish hold from the BoE at its earlier meeting are keeping demand for the British Pound on the defensive for now.
Gold remains offered around $4,800
Gold is back under pressure on Thursday, slipping back towards the $4,800 region per troy ounce. A firmer US Dollar is weighing on the yellow metal, even as the broader mood remains risk off. That said, falling US Treasury yields across the curve are helping to cushion the downside and, for now at least, are limiting the depth of the pullback.
Strategy's Bitcoin treasury in focus as MSTR crashes alongside crypto market
Strategy (MSTR), the largest corporate holder of Bitcoin (BTC), is in focus ahead of its earnings call on Thursday amid an intensifying crypto market sell-off. Also caught in the headwinds is the MSTR stock, trading at $114 at the time of writing, down over 12% intraday.
The AI mirror just turned on tech and nobody likes the reflection
Tech just got hit with a different kind of selloff. Not the usual rates tantrum, not a recession whisper, not even an earnings miss in the classic sense. This was the market staring into an AI mirror and recoiling at its reflection.
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