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  • Editor’s Picks / 35 minutes ago

    No 'quick fix' for low oil prices: Opec

    MarketWatch
    Oil may have just completed its strongest three-day rally in a quarter of a century, but prices are still well off 2014 levels as a supply-driven rout continues to rage through markets. In a statement released yesterday, Opec said that low prices remain a concern for its members and there is "no quick fix" for the glut that has enveloped the oil market and driven prices lower. "Oil is losing the shale war" said analyst Richard Hastings of Global Hunter Securities; "without oil prices at exceptionally high prices, then [Opec members] are staring at big troubles". Brent crude is currently trading at $53.06/barrel.
    Read article on MarketWatch
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  • Article / 1 hour ago

    Saxo Trade Navigator: Tuesday, September 1

    Head of Commodity Strategy / Saxo Bank
    Denmark
    Saxo Trade Navigator: Tuesday, September 1
    September 1, 2015: The Saxo Trade Navigator provides you with daily technical insight into a wide array of major instruments, ranging from FX to equities, commodities and bonds. With a host of various technical indicators such as pivot points, RSI and moving averages, the Saxo Trade Navigator can be used to spot daily trade ideas.
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  • Article / 2 hours ago

    3 Numbers: EZ unemployment eases, US auto sales, US ISM manufacturing

    editor/analyst / CapitalSpectator.com
    United States
    3 Numbers: EZ unemployment eases, US auto sales, US ISM manufacturing
    A slight dip in the Eurozone jobless rate is expected: 11.0% for July after 11.1% in June. Meanwhile, US auto sales for August are expected to pull back slightly to 17.3 mln, but that’s still a relatively high number, and the US ISM manufacturing index is on track for a fractional rise, revealing a still-struggling sector.
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  • Squawk / 3 hours ago
    Technical Analsyt / commoditymarket2008 Advisory Services
    India
    SPOT GOLD HAS RESISTANCE 1146, HOLD ABOVE THEN 1152-1160 POSSIBLE & HAS SUPPORT 1138, HOLD BELOW THEN 1132-1124 POSSIBLE
    Read the Squawk
  • Squawk / 3 hours ago
    Technical Analsyt / commoditymarket2008 Advisory Services
    India
    SPOT GOLD HAS RESISTANCE 1146, HOLD ABOVE THEN 1152-1160 POSSIBLE & HAS SUPPORT 1138, HOLD BELOW THEN 1132-1124 POSSIBLE
    Read the Squawk
  • Editor’s Picks / 5 hours ago

    Oil's three big days wipe out a month of losses

    Bloomberg
    Opec signaled future cuts to production and the US lowered output estimates, putting oil back into a bull market less than a week after hitting a six-year low. Prices surged 8.8% in New York, capping the biggest three-day gain in 25 years. The Energy Information Administration changed the way it calculates how much oil comes out of the ground and 13.2 million barrels vanished with a government blog post. Opec, producer of about 40% of the world’s oil, renewed its commitment to talk to other exporters to achieve “fair and reasonable prices” and it says it won’t prop up oil prices by cutting supply unless non-member nations agree to share the burden. So is the glut over? Depends on who you ask.
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  • Trade view / 6 hours ago
    Strategic trade

    Jinkosolar: Playing the dubious relationship with oil

    China Watcher / Shanghai
    China
    The positive relationship between solar energy shares and crude oil is dubious, because the two aren’t direct energy competitors. But the market trades as though they are, so after the strong performance of crude over the past three days, investors should expect the relationship to hold. Jinkosolar is one of the strongest firms in the industry and it should be a beneficiary of oil’s rally.
    Read the Trade View