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10 Mar 2020

US Energy Secretary: Evaluating the upcoming sale of oil from strategic reserve

Following the flash crash in oil prices the previous day, US Energy Secretary Dan Brouillette recently signaled to reconsider the nation’s earlier decision to sell 12 million barrels of oil.

Market implications

While the output is less likely to offer any relief from the implications of the cracks in OPEC+, the news helps in offering immediate pullback of WTI prices to $30.80 by the press time of early Tuesday morning in Asia.

Mar 9, 2020

AUD/JPY Price Analysis: Sellers remain dominant below support-turned-resistance

Despite bouncing off the fresh 11-year low marked on Monday, AUD/JPY remains on the back foot around 67.40 amid the early Tuesday morning in Asia.
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Mar 10, 2020

USD/JPY bears catch a breath above 102.00, coronavirus keeps the driver’s seat

The USD/JPY pair’s pullback from 101.18 fails to recall the buyers as the quote remains under pressure around 102.10 amid the early Asian session on T
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