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26 Jul 2018

Kuwait Oil Official: Limited impact on Kuwait oil shipments from recent tensions at Bab al-Mandeb strait

Citing the state news agency, Reuters recently reported that an official for Kuwait Oil said that the impact on oil shipments from recent tensions at Bab al-Mandeb strait would be limited.

Earlier today, Saudi Arabia announced that it was suspending all crude shipments through the Red Sea lane following an attack on two of its tankers and Badr al-Khashti, chairman of Kuwait Oil Tanker Company, said that they were studying whether to halt oil exports through Bab al-Mandeb.

Jul 26, 2018

USD/JPY bulls eyeing a move back above 111.00 handle

   •  USD recovery seemed unaffected by disappointing US macro releases.    •  Bulls taking cues from the ongoing upsurge in the US bond yields.   
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Jul 26, 2018

EUR/USD neutral, support lies in the mid/upper-1.1600s – Scotiabank

In view of FX Strategists at Scotiabank, the near term outlook on EUR/USD remains neutral with expected support in the mi/upper-1.1600s. Key Quotes
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