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Markets start 2017 with a slow crawl

Posted on: January 03, 2017

Welcome back! I hope you all enjoyed some time with family and friends this holiday season! 2017 has started a little slow, with Japan and New Zealand closed overnight liquidity was quite thin again. So far on the first day of 2017 we have seen USD strength continue, with EURUSD below 1.04 and USDJPY above 118. USDCAD has been held in check by an oil rally, as we are testing $55 WTI this morning.

Looking ahead, it is a big week for data, with several key points released. This morning we have ISM and Construction Spending in the US, with PMI and Initial Jobless Claims on Thursday, capped off with Non-farm Payrolls, Factory Orders and Durable Goods on Friday. The short term theme remains USD positive, with dips to 1.3350 and 1.3400 looking attractive as we march toward the Trump Inauguration.


Most Recent Market Updates

November 20, 2017

Natural gas gains 4.4 cents

NYMEX natural gas climbed 4.4 cents higher on Friday.

November 20, 2017

Crude gained $1.41

Crude prompt futures gained $1.41 on Friday to close the day at $56.55.

November 17, 2017

Natural gas falls 2.7 cents

NYMEX natural gas continued it’s decent on Thursday.

November 17, 2017

Crude prices slide $0.19

Crude prompt futures traded in a 69 cent range.

November 17, 2017

USDCAD range bound as Canadian CPI uneventful

Domestically we saw the biggest release of the week a few minutes ago.

November 14, 2017

Natural gas loses 5 cents

Cold weather emerged over the long weekend in the US Midwest to East as anticipated.


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