Oil futures prices fell
Oil futures prices fell after the voting ends in a UK referendum preliminary results showed Britain to stay in the EU, with preliminary results showed a close and push the big swings in the value of sterling selling.
On the New York Mercantile Exchange, WTI crude oil for delivery in August traded between $ 49.12 and $ 50.14 per barrel before closing at $ 50.13, up 0.99 or 2.02% on the session. On the Intercontinental Exchange (ICE), Brent crude for August delivery wavered between $ 49.81 and $ 50.95 per barrel, before settling at $ 50.94, up 1.06 or 2.11% on the day. Crude oil futures are used a late rally to close near session highs.
Meanwhile, the spread between the US and the international benchmark crude was at $ 0.81, slightly above / below the level of $ 0.77 Wednesday on the closing trade. On Thursday, the contract rose sharply, rallied on optimism Britons will choose to stay in Europe. The first few official results on Friday put the campaign ‘Brexit’ win, although polls show that the noise would end a victory for the campaign “Keep”.
With the results in five of the 382 electoral districts first, those in favor of terminating the membership of 43 years England has a small lead, but it was too early to see a reliable trend.
Sterling slipped to $ 1.4275, having earlier hit a high for this year at $ 1.5022. The euro turned tail to hit $ 1.1274 and the yen recouped early losses to stand at 1140.96 per dollar.
Elsewhere, the price is always lower than expected US investors draw, inventories last week that had pushed Brent crude futures below $ 50 per barrel during the previous session. On Wednesday, the US Energy Information Administration said that crude inventories fell 0.9 million barrels last week for the week ending on June 17, defying expectations for a 5.22 million barrel draw by the American Petroleum Institute. Meanwhile, crude oil production fell 39,000 barrels a day to 8.677 million barrels per day, fell for the 21st time in 22 weeks.
Technically
Resistance: 49.69 49.91 50.17 High / Low: 50.49 / 48.36
Support: 49.48 48.95 48.62 Running Price: 48.73
Comment: For intraday trade today suggest Buy at 49.00; stop loss at 48.60; target at 49.60.
The pound strengthened
Pound compared to the US dollar experienced a surge in prices, as polls showed a slight lead for British voting persists in Europe.
GBP / USD extending sharp gains on Thursday, surging above 1.40 for the first time in 2016, after a closely-watched survey Brexit in the UK following the results of voting for the minutes which showed the UK persists in Europe is greater than the voting out of Europe.
The British pound reached a session high of 1.5002 against the dollar, its highest level since December 16, before falling back below 1.50 shortly after. With the bustle of the evening trading as expected, the Pound is on pace to earn more than 1.75% against the dollar. Over the last week, due to fears of widespread Brexit a faded, Pound sterling has surged more than 6% against its American counterpart.
On Thursday night, the results of the poll YourGov find that the camp that supports English Tetao du europe stick to lead 52-48% in the first public opinion survey released by the time polls closed Brexit minutes earlier. This marked a slight increase from YourGov Data poll earlier this week, which showed that the campaign to leave Europe trailing by a margin of 51-49%. Especially, the poll of 5,000 U.K. not be regarded as an official exit poll. currency traders await the outcome of the voting in the region of Sunderland, the first polling local data scheduled for release, for a clearer indication on the winner in a historic referendum. Results in Sunderland is expected to be quickly released, while the official results may not be released until Friday this week.
Meanwhile, leading politicians from the G7 and currency traders across London who strengthens pound sterling for a long night, has the potential for extreme volatility in foreign exchange markets worldwide. Executives at Goldman Sachs Group Inc. (NYSE: GS), Citigroup Inc. (NYSE: C) and Barclays (LON: BARC) told CNBC that they have plans to run the command stop-loss on the trade sterling on Friday as a refuge for large fluctuations in the British currency. A stop-loss order on the pounds is an order to buy or sell sterling at pre-set price, to help limit potential losses.
The US Dollar Index, which measures the dollar strength versus six other major currencies, was down more than 0.50% to an intraday low of 93.03, fell to one-month lows. On Thursday night, the index suffered some losses, returning to 93.33. However, the index fell more than 5% since the beginning of December.
Technically
Resistance: 1.4626 1.4722 1.4816 High / Low: 1.5016 / 1.4280
Support: 1.4492 1.4285 1.4251 Running Price: 1.4587
Comment: For intraday trade today suggest Sell at 1.4759; stop loss at 1.4830; target at the level of 1.4356.
Wall Street indexes rise
American Stock Exchange finished higher than 1% in late trading Thursday in the United States, with the pound approaching 2016 highs against the dollar, following an increase England’s hopes to remain in the EU.
The poll by ComRes, conducted for the Daily Mail newspaper and ITV television, and by YouGov for The Times newspaper in London, showed a rise at the last minute in the voting support for the UK remains in the EU.
The pound traded touched 1:50, the highest since December, before declining approaching 1:42. The US dollar index traded around 0.4 percent lower, with the euro near $ 1.138 after hitting its highest in more than a month. The yen was near ¥ 105.9 against the greenback, the highest close in a week.
The main index rose, with the S & P 500 over the key psychological level of 2,100 and posted its highest close since June 9.
The Dow Jones Industrial Average jumped 230 points to close above the psychologically key 18,000 level for the first time since June 8. The S & P is about 1 percent below an all-time intraday high, while the Dow is within 2 percent of its all-time intraday high. The Nasdaq composite index closed up 76.72 points, or 1.59 percent, at 4,910.04.
App developer tools company Twilio (TWLO) opened at $ 23.99 per share after the initial public offering price of $ 15 per share, above the expected $ 12 to $ 13 per share. Shares surged nearly 92 percent on its first day of trading, the most successful IPO debut so far this year.
Macy’s CEO Terry Lundgren announced Thursday will step down from that position next year. The shares closed 1.7 percent higher.
In economic news, weekly jobless claims fell to 259,000, not far from 43-year lows touched in March.
Flash Markit manufacturing PMI for June was 51.4, up from 50.7 in May.
Sales of new homes fell 6.0 percent in May to an annual rate seasonally adjusted 551,000 units.
It is estimated that Wall Street will move positively with an estimated UK remains in the EU. But it would also observe the movement of oil prices can affect the movement of Wall Street.
Technically
Resistance: 17790 17843 17 884 High / Low: 17827/17675
Support: 17732 17703 17 667 Running Price: 17 718
Comment: For intraday trade today suggest sell at 17 700; stop loss at 17 780; target at 17 620.
