Jeffrey Halley


Last quote by Jeffrey Halley

The overbought nature of the daily RSI's (relative strength index).. has made both contracts (Brent and WTI) vulnerable to short-term profit taking on the headline-driven
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Nov 02 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Jeffrey Halley is associated, including Asia and OPEC. Most recently, Jeffrey Halley has been quoted saying: “The return of Chinese investor interest in gold at these levels is a welcome vote of confidence for long-suffering gold bulls.” in the article Gold hits 1-week high; Fed chair pick in focus.
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Jeffrey Halley quotes

Aug 08 2017

Gold appears to be in a holding pattern with the increasing risk that stale long positioning may see traders head for the door until some directional clarity is

Aug 02 2017 - OPEC

The coup de grace came from the American Petroleum Institute's (API) Crude Inventory release late in the New York session...bringing an end to the last few weeks' trend of falling supplies in storage. Traders stampeded for the door to lock in profits from the last eight days'

Jul 31 2017

A weaker U.S. dollar is the main driver of gold's price action. However, deepening political turmoil in Washington ... and North Korea's progress on ballistic missiles will all ensure the uncertainty premium continues to support gold's

Jul 31 2017 - Sanctions

A combination of factors seems to be driving the newly found optimism. U.S. inventories are showing massive drawdowns, Saudi Arabia seems intent on playing its role as the world's swing producer (and) impending sanctions on Venezuela by the U.S. will almost certainly be oil price

Jul 28 2017 - OPEC

Both developments should be bullish for

Jun 15 2017 - OPEC

For OPEC, an oversupply headache became a

Jun 07 2017 - Oil

Port restrictions on Qatari flagged vessels are going to cause loading disruptions. That said, the disruptions are seen as inconvenient rather than systematic and thus will maybe only put a floor on crude in the short-term rather than starting a panic

Jun 02 2017 - OPEC

This could lead to a drilling free-for-all in the U.S. and also see other signatories waver in their commitments. This outcome could increase the supply-side equation from the United States and complicate OPEC's forward projections. A scenario that would not be favorable to oil

May 30 2017

The picture will get more muddy as the week goes on as we have a lot of data from around the world coming

May 09 2017 - OPEC

Soothing words from Saudi Arabia about extending the production cut deal, possibly into 2018, supported

Apr 27 2017 - Singapore

It is clear that the world has plenty of oil in stock, making OPEC's life that much harder ahead of its June production cut rollover

Apr 12 2017 - North Korea

Global tensions and a rush to safety ruled the New York session, and this has followed through to Asia. With a long weekend globally nearly upon us and further North Korea risk this Friday, the safety first theme is likely to

Apr 12 2017 - OPEC

Saudi Arabian production reduction appears to be ahead of forecast and gave oil a

Apr 07 2017 - Iran

The U.S cruise missile strikes have seen crude oil jump over two percent in a straight line. What will be the response of Iran and Russia, two of the world's largest oil producers and staunch allies of the Assad regime?.. We will have to wait for these answers as the day moves

Apr 07 2017 - North Korea

My initial thoughts are the new president (Trump) is sending a big message to the Chinese about their willingness to act on North Korea as well with this strike. Gold has broken the 200-day moving average intra-day and has tested its upper resistance at $1,264, the February 28th high. A daily close above these levels can open a technical move to $1,300 with support now at $1,

Mar 27 2017 - OPEC

OPEC and non-OPEC decided to get ahead of the game this weekend, announcing they are reviewing whether the output curb deal should be

Mar 21 2017

The Trump administration's 100 days of action appear to be becoming 100 days of inaction as investors start running out of

Feb 20 2017 - OPEC

Sustained gains above $55 a barrel, and a hoped for rally to $60 a barrel, (are) both proving incredibly tough nuts to crack. At the crux of the matter is that 90 percent OPEC compliance is being balanced by ever increasing U.S. shale

Feb 09 2017 - OPEC

We remain highly skeptical of the overnight price

Feb 08 2017 - Oil

The API delivered a Goliath crude inventory number... The second highest on record. The reaction was predictable as the herd, already nervous from the previous day's price action, turned en masse and ran off the

Jan 16 2017 - OPEC

Oil pricing will be driven this week by the movement of the U.S.-dollar rather than crude itself, with President-elect Trump's inauguration ... being the main

Jan 05 2017 - Oil

We expect Asia to trade on the positive-side today, supported by the API

Dec 15 2016 - Federal Reserve

The Federal Reserve hike … saw bond yields rise, dealing a blow to commodities in

Dec 14 2016

We will have to watch the price action over the next few days, to see if this was a knee jerk reaction, or the start of another leg of concerted U.S. dollar

Dec 14 2016 - OPEC

Momentum continues to wane in oil markets with both Brent and WTI slightly lower overnight, following higher than expected API inventory numbers in the United States ... (which) showed an unexpectedly large increase of 4.7 million barrels. We expect Asia trading to have a slightly negative bias as traders trim longs into the Federal Reserves' main event this

Dec 07 2016 - OPEC

With both Russia and OPEC producing at record amounts, the market is scratching its head about how both blocs will manage to comply with the Vienna production cut targets. The point is valid, as the more OPEC and Russia produce, the higher the starting point will be to have to cut

Dec 02 2016

Crude seems to be trying to move to a new trading range each side of $55 a

Dec 01 2016 - OPEC

With the financing changes that (U.S. shale producers) have to undergo now, they have to hedge quite a proportion of their future production in order to get the financing they

Dec 01 2016 - OPEC

I don't think (the market) had priced in how committed OPEC turned out to be at the very last minute to getting something over the line which I think caused a surge in trading

Nov 29 2016 - Singapore

We expect intra-day volatility to ratchet higher again into tomorrow, with price action being entirely headline

Nov 24 2016 - Thanksgiving

The Thanksgiving Holiday today has thinned traders interest ... but the OPEC result next Wednesday is the only game in town for energy

Nov 23 2016 - Thanksgiving

The market seems unwilling to push oil towards $50 a barrel ahead of the Thanksgiving holiday tomorrow. Their reticence is understandable given that longs (long positions) put on above that level have not ended well in recent

Nov 23 2016 - OPEC

Tonight's (U.S.) EIA Crude Inventory numbers should provide a welcome, albeit temporary sideshow to the OPEC main event. Otherwise, we expect Asia to continue the sideways trading

Nov 18 2016

Oil traded in a sideways range overnight, as stronger U.S. dollar (overhadowed) optimism from Saudi's Energy Minister over a production cut agreement. With the dollar reigning supreme, Asia trading of crude should have a slightly heavy tone today as traders lighten up positioning into the

Nov 09 2016

The main show today will be the U.S. presidential election results coming in over the Asia morning. We expect oil to vacillate up and down according to the whims of the incoming

Nov 09 2016 - Oil

Crude sold off slightly late in the New York (early Asia) session, as the American Petroleum Institute (API) crude inventory figures showed a 4.4 million barrel increase against an expected 2.2 million increase. The effect has been short lived as the street continues to buy commodities anticipating a Clinton

Nov 08 2016

Oil appears to have coat-tailed most other commodities higher, as part of a Clinton-led, broad based, risk asset

Nov 04 2016

I suspect the main drivers are that risk is being taken off the table ahead of next week's election and the continuance of long

Oct 31 2016

There was a lot of talk and nobody managed to agree on anything. That has been pushing the market

Oct 28 2016 - Iraq

OPEC's Nov. 30 meeting suddenly seems like a long way away with seemingly half of the group wanting exemptions

Oct 26 2016 - OPEC

OPEC appears to be approaching the limits of its ability to jawbone oil higher without something concrete to put on the

Oct 26 2016 - Oil

Crude is on the defensive this morning following American Petroleum Institute (API) inventory numbers showing a rise of 4.8 million barrels against an expected rise of 1.7

Oct 25 2016

Expect more of this choppy interplay until more concrete news emerges, as speculative buying runs into record producer selling of the futures contracts for

Oct 19 2016 - Oil

The American Petroleum Institute crude inventory numbers were released ... this has given early Asian trading a bullish

Oct 13 2016

We expect the SET (Stock Exchange of Thailand) Index to underperform its regional peers until a clearer picture of the King's health appears…the Thai baht will also continue to be under

Oct 13 2016

Crude responded predictably, with both Brent and WTI

Oct 13 2016 - OPEC

In the absence of any OPEC-Russia headlines to give crude its daily adrenaline shot, the market looks nervously to the EIA Crude Inventory figures due in the US this

Oct 07 2016 - OPEC

OPEC kept the heat on oil prices overnight. The Algerian Energy Minister saying that OPEC could cut by more than the 0.5 million barrels per day initial

Oct 06 2016

Another week another surprise drawdown in crude inventories by the EIA ... Although crude in storage remains at record highs, this is the third week of unexpected drawdowns in a

Sep 27 2016

I shall not speculate on whether Clinton won or was Trumped, but clearly, the highest beta currency to a Trump victory thinks she did. Maybe the Mexicans know something we don't?feedback

Sep 14 2016

It was an unexpected undershoot in these numbers last week that set off the rally in crude last week. A rebound in this data will no doubt create an emotional day for oil longs in the New York

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