Trial now

Yuan Shuts Its Eyes To PBOC Fix


TUZ1 Given


ANZ Hikes Mortgage & Depo Rates


Futures Tight In the Tokyo Morning

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • Energy markets traded solidly Friday, shrugging off the generally sluggish feel in equity and riskier asset markets. WTI crude futures topped Thursday's best levels to print a new September high of $73.93/bbl. This keeps WTI within striking distance of the bull trigger at $74.23 last printed in late July.
  • Primary drivers remain the expected tightness of the energy market across Winter, with a number of sell-side firms flagging the risks to prices should a colder-than-expected season drive energy demand and thereby prices higher.
  • Gold and silver prices were more mixed, with silver slipping while gold managed to print minor gains. Gold initially traded heavy on broad greenback strength before a spell of buying around the 4pm fix drove metals higher. Ongoing concerns around China real estate giant Evergrande also helped assist a safe haven bid, with US-based bond holders yet to receive a payment due Thursday, triggering a grace period and possibly the beginning of the default process. Initial firm resistance remains at $1787.40, the Sep 22 high. A break here would ease current bearish pressure.