Modest Chinese Stimulus Triggers Demand Concerns

Oil (Brent Crude, WTI) Analysis China crucial to oil demand outlook, data sensitivity expected Brent crude oil and WTI eas ahead of EIA storage data and Jackson Hole IG client sentiment briefly shifted net long – complicating the outlook The analysis in this article makes use of chart patterns and key support and resistance levels.

Australian Dollar trades lower on Chinese credit concerns, US inflation data

Share: Australian Dollar weakens on fears of a credit crunch in the Chinese property sector. Hawkish commentary from the Governor of the RBA, Philip Lowe, temporarily staunches the bleeding.  US factory gate inflation comes out higher than expected, however, supporting the US Dollar.  The Australian Dollar (AUD) trades lower against the US Dollar