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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free Access/STOCKS/OIL: Tsys continued bid amid...>
US TSY FLOWS: /STOCKS/OIL: Tsys continued bid amid weak US and European stock
indexes, and weak NYMEX crude oil too: NYMEX is off 1.61%. Citi's Tim Evans said
"the petroleum markets are in retreat in what looks like technical profit taking
after nearby October Brent crude oil failed to pop above the $53.64 high trade
from Aug. 10, despite a force majeure on some Libyan crude oil shipments and a
report that OPEC exports fell more than expected in the first half of August."
- He adds that "on a short-term basis, the failure to rally on bullish news
sends a bearish signal although it may also be considered a buying opportunity
for intermediate-term or more fundamentally oriented traders. We also note that
trade in September WTI will feature further book squaring ahead of Tuesday's
contract expiration."
To read the full story
Sign up now for free trial access to this content.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.