Rishaad oil prices down by 3 over the last three days. Big falls overnight are having repercussions, in particular for australian markets and the aussie dollar. It may be a bit of a brighter prospect if you are an oil bull in the future. It does suggest that if you look at 2021, prices are likely to be breaking to the upside. Deliveries in the near future having a higher price of those made later on. You could also argue that rising longterm prices show the market is going to the view that high prices are perhaps more sustainable. Again, the caveat is a longerterm. This is the outlook for prices for four years from now that should give greater encouragement to bulls of oil and commodity markets, generally speaking. Action in oil iea talking about the shale revolution, revising down shortterm demand prospects for 2018. In the near term, not a lot of positive catalysts to be found. Concerns over lack of progress on tax reform. Were looking ahead to u. S. Inflation numbers, with the index
Thank you. Welcome to our program. Im the host, im jimmy. Thanks for watching. Thanks for coming. I know you guys, a lot of you are here on vacation, but it was yet another crazy day in the United States of america. Donald trump, who maybe you havent heard is president now, a few hours ago, he fired james comey, the director of the fbi which is kind of like o. J. Firing judge ito halfway through the trial. [ laughter ] he fired the director of the fbi while the director was investigating his people of possible collusion with russia. This is unbelievable. This is the kind of thing dictate fors do. This is the kind of thing reality tv hosts do, they fire someone every week. [ laughter ] maybe thats what happened, he thinks hes still on celebrity apprentice. It was between james comey and meatloaf, and well the loaf won again. One reason they gave, this is something, because he mishandled the Hillary Clinton email situation, which is hilarious, that means trump fired james comey for makin
Thank you. Welcome to our program. Im the host, im jimmy. Thanks for watching. Thanks for coming. I know you guys, a lot of you are here on vacation, but it was yet another crazy day in the United States of america. Donald trump, who maybe you havent heard is president now, a few hours ago, he fired james comey, the director of the fbi which is kind of like o. J. Firing judge ito halfway through the trial. [ laughter ] he fired the director of the fbi while the director was investigating his people of possible collusion with russia. This is unbelievable. This is the kind of thing dictate fors do. This is the kind of thing reality tv hosts do, they fire someone every week. [ laughter ] maybe thats what happened, he thinks hes still on celebrity apprentice. It was between james comey and meatloaf, and well the loaf won again. One reason they gave, this is the Hillary Clinton email situation, which is hilarious, that means trump fired james comey for making him president. [ laughter ] [ c
Everybody. I am anna edwards. The oil price on the move again, retreating once again down by 1. 3 . Where we are on wti right now, down 1 on the brent price. We have a chart that was that into context, a big move looking at the blue line, that is the wti price. Is the upside, three weeks ago we were in a bear market on oil. A bull market returned on thursday, speculation mounting at that point as to whether opec would take action to boost prices. The focus on the attention is the data out of the u. S. Over the last 24 hours or so, u. S. Data showing oils of prices increasing, inventory the highest in 30 years as we come to that driving season. Keeping oil very much in the center and the overnight trading session in asia. With that in mind, let us bring up the risk radar. As we said in the headlines, retreat in the asian trading session. We have the biggest drop in threemarket stocks weeks but really the focus of the market around the united states, putting the dollar index in there, re
Earlier with the Securities Regulator seems to be fading as we head into the g20 meeting in shanghai this week. The sox are down one third 1 . We are seeing a rally when it comes to materials such as iron ore. Really raising the sentiment on mining. Dragged down by telecom and utilities at the australian stocks today. We are starting things off in the grain. Down by one third of 1 . We just heard from chris would talking about how asian stocks are a long term by opportunity. He still thinks that fundamentally they are cheap. But some analysts are saying there really isnt much of a Market Trends that we have seen recently at the start of this year. Today. Picture here lets take a look at the oil rebound. The iron ore rebound. The australian dollar. Youve seen these figures from about midjanuary. It is interesting because when you take a look at the gains is awe have seen there sign that we could see more gains to con. That resistance level of the 200 Day Moving Average of 72. 75. The pr