Markets

Oil steady ahead of EIA inventory report

The market continues to react to any indication that the US Fed will join other major economies and embark on another round of quantitative easing. In overnight trading the US dollar has been easing ahead of today's release of the minutes from the US FOMC meeting from June. The market is anticipating that there may be some definitive comments that may lay out the conditions that the US Central Bank may have set at the last meeting that will indicate what they may do at the August Fed meeting. I am not sure there will be anything new in the minutes than what was already discussed at Bernanke's' presser after the last meeting. However, the market is slowly building in a new round of QE as the US economic data continues to suggest a further slowing of this economy.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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