Blackwell Global

In a decision that is likely to strongly impact the U.S Shale Oil Industry, OPEC has decided to maintain their current level of crude oil production which will further strain the current supply...

Crude oil continued to rally yesterday for the third straight day on the basis of the strong inventory drawdown from crude storage facilities. Subsequently, WTI CLN5 futures rallied strongly to trade...

Opinion remains divided on whether the Reserve Bank of New Zealand will seek to cut the Official Cash Rate (OCR) this week. In a conference the other day, I listened to impassioned pleas as to whether...

Australian GDP(y/y) has surged, coming in at 4.3%, beating market forecasts of 4.1% and catching traders and economists, by surprise. However, the Australian economy faces additional headwinds as...

Like a record stuck on play, the Greek debt negotiations continue to drag on, with no resolution in sight. However, the time for a deal is now, as the capital outflows from Greek banks moves from a...

The price of iron ore has continued to be driven lower, mainly through the low cost expansion projects within Australia and Brazil. Prices for the commodity have continued falling from last...

The fundamentals on crude are still rather bearish and should make $100 a barrel nothing but a pipe dream (if you’ll excuse the pun). But there is a potential for an upside trade on crude oil in...

Silver fell strongly overnight, breaching a key psychological level at 17.10, to rest upon support at 16.75. The metal now sits upon a bullish trend-line that is providing plenty of support and may...

Gold was sold off heavily yesterday, pushing the metal back below the $1200 an ounce mark as India announced a ‘Monetisation Programme’. Gold now sits along the bullish trend line at the...

Tough, currency manipulation penalties contained within the draft of the Trans-Pacific Partnership (TPP) may sound the death knell of the trade pacts approval by the Obama Administration. In recent...

The GBP/USD was extremely volatile last week thanks to some mixed data out of the UK, combined with bullish US dollar sentiment. 200+ pip swings were the norm as UK CPI disappointed, but Retail Sales...

Silver has been charging up the charts ever since it broke out of the bearish trend it was trading under for some time. That bullish push now looks to have come to an end with a large head and...

Gold has been range-bound recently as the markets debates the likelihood of an interest rate rise from the Fed this year, and the relative strength of the US economy. The lack of direction has seen...

The past few days have been tough for the venerable kiwi dollar with a fall in global dairy prices affecting the pair strongly. The Global Dairy Trade (GDT) Auction saw a 2.2% fall in dairy prices...

As Greece closes in on the point of no return, with no sign of a debt deal on the horizon, talk about an imminent default continues to grow. Monday saw the revelation that the embattled European...

The yen is in a very clear range pattern with a slight bearish bias along the top side. Another rejection from here would confirm a continuation of the range pattern that will likely take the pair...