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Daily News Events • October 10

Posted October 10th, 2017 by BonTrade and filed in BonTrade News
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Value Area CL:: 49.64 / 49.38 Value Area ES:: 2546.50 / 2542.00 All Day EURECOFIN Meetings 10:00am USDFOMC Member Kashkari Speaks USDIBD/TIPP Economic Optimism 2:00pm CADGov Council Member Wilkins Speaks Statistics: Posted by Bon — Tue Oct 10, 2017 8:20 am

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Daily News Events • October 10


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Crude Oil Prices Gain for Second Day; Sterling Firms on Strong Production Data

Posted October 10th, 2017 by ClaudiaFaust and filed in General News
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Crude oil prices recovered for a second consecutive day on Tuesday, as buoyed by comments from OPEC officials that the output cut deal could be extended until end-2018. OPEC Secretary-General Mohammad Barkindo suggested over the weekend that consultations were under way for an extension of the agreement beyond March 2018. He added that more oil producers may join the pact at next month’s meeting. Indeed, the cartel is keen on using verbal tricks to monitor oil prices. We doubt if the OPEC members who have been exempted from previous cuts (e.g. Iran, Libya and Nigeria) would join this time.

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Crude Oil Prices Gain for Second Day; Sterling Firms on Strong Production Data



Daily News Events • October 9

Posted October 9th, 2017 by BonTrade and filed in BonTrade News
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Value Area CL:: 49.48 / 49.26 Value Area ES:: 2546.00 / 2543.00 All Day EUR Eurogroup Meetings All Day CADBank Holiday USDBank Holiday Statistics: Posted by Bon — Mon Oct 09, 2017 7:46 am

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Daily News Events • October 9



Oil Traders Expect Producers to Control Supply; FOMC Minutes, US CPI and Retail Sales in Focus

Posted October 9th, 2017 by JamisonRolfe and filed in General News
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Crude oil prices recovered mildly after falling last week. Traders tend to believe that the OPEC/non-OPEC producers would strive to rebalance the market. As suggested by OPEC Secretary-General Mohammad Barkindo on Sunday, “there is a growing consensus that, number one, the re- balancing process is underway… Number two, to sustain this into next year,…

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Oil Traders Expect Producers to Control Supply; FOMC Minutes, US CPI and Retail Sales in Focus



Weekly Fundamentals – Crude Oil Profit-Taking Continues

Posted October 7th, 2017 by colette75o and filed in General News
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Energy prices dropped on Friday although Saudi Arabia and Russia affirmed the possibility to extend the output cut deal to end -2018. Both crude oil benchmarks ended the week lower as profit-taking continued. The front-month WTI contract plunged -4.61% while the Brent contract was down -3.34%. WTI-Brent spread recovered but remained wide. On EIA’ weekly inventory report, we saw another week of big decline in crude oil inventory. However, Cushing stock gained +1.53 mmb to 62.46 mmb.

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Weekly Fundamentals – Crude Oil Profit-Taking Continues



Daily News Events • October 6

Posted October 6th, 2017 by BonTrade and filed in BonTrade News
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Value Area ES:: 2549.50 / 2541.50 Value Area CL:: 50.98 / 50.52 8:30am CADEmployment Change CADUnemployment Rate USDAverage Hourly Earnings m/m USDNon-Farm Employment Change USDUnemployment Rate 10:00am CADIvey PMI USDFinal Wholesale Inventories m/m 12:15pm USDFOMC Member Dudley Speaks 12:45pm USDFOMC Member Kaplan Speaks 1:30pm USDRig Count 3:00pm USDConsumer Credit m/m Statistics: Posted by Bon — Fri Oct 06, 2017 8:04 am

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Daily News Events • October 6



Crude Oil Prices Higher as Output Cut Deal Likely to Extend

Posted October 6th, 2017 by CeceliaO91 and filed in General News
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Oil price rebounded, as the meeting between Saudi Arabia King Salman bin Abdulaziz and Russian President Vladimir Putin might bring about an extension of the output cut deal. The front-month WTI crude oil contract rose +1.62% while the Brent contract soared +2.15% for the day. Refined oil products also gained with the RBOB gasoline and heating oil contracts up +1.96% and +0.7% respectively.

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Crude Oil Prices Higher as Output Cut Deal Likely to Extend



Daily News Events • October 5

Posted October 5th, 2017 by BonTrade and filed in BonTrade News
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Value Area CL:: 50.55 / 50.05 Value Area ES:: 2536.25 / 2531.25 9:10am USDFOMC Member Powell Speaks 10:00am USDFOMC Member Harker Speaks USDFactory Orders m/m 10:30am USDNatural Gas Storage Forecast 56B Previous 58B 12:00pm GBPMPC Member McCafferty Speaks 1:30pm GBPMPC Member Haldane Speaks Statistics: Posted by Bon — Thu Oct 05, 2017 8:23 am

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Daily News Events • October 5



WTI Crude Settled Below 50 as Exports Set New High

Posted October 5th, 2017 by JurgenX33h and filed in General News
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Crude oil price remained under pressure despite US inventory withdrawal. Traders put their focus on record high oil exports instead. Falling -0.87%, the front-month WTI crdue oil contract reverted to close below the 50 level. The Brent contract slipped -0.36% and settled at 55.8 for the day. Precious metals were mixed with gold mildly higher, after losing over the past three days, while silver drifted lower. In the FX market, major currencies were mixed against US dollar.

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WTI Crude Settled Below 50 as Exports Set New High



WTI Crude Settled Below 50 as Exports Set New High

Posted October 5th, 2017 by SteffenMcColl09 and filed in General News
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Crude oil price remained under pressure despite US inventory withdrawal. Traders put their focus on record high oil exports instead. Falling -0.87%, the front-month WTI crdue oil contract reverted to close below the 50 level. The Brent contract slipped -0.36% and settled at 55.8 for the day. Precious metals were mixed with gold mildly higher, after losing over the past three days, while silver drifted lower. In the FX market, major currencies were mixed against US dollar.

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WTI Crude Settled Below 50 as Exports Set New High