Lukman Otunuga

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Last quote by Lukman Otunuga

Regardless of the current upside gains, the British pound remains vulnerable to heavy losses with the outlook tilted to the downside as political instability in the U.K. weighs heavily on the currency.feedback
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Jun 13 2017 China
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 Lukman Otunuga is associated, including December and US. Most recently, Lukman Otunuga has been quoted saying: “Although expectations of a rate hike in June were realized when Federal Reserve officials said it would 'soon be appropriate' to raise rates again, the longer-term hiking path remains clouded. The prospect of a third U.S rate increase by the Federal Reserve in 2017 still remains under threat, especially when considering how Trump uncertainty still remains a major theme.” in the article Most world stocks rise after Fed minutes; oil rally fades.
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Lukman Otunuga quotes

Mar 22 2017 - OPEC

The bias towards oil is turning increasingly bearish and the fading optimism over the effectiveness of OPEC's supply cut deal has enticed bears to install repeated rounds of selling.feedback

Mar 22 2017 - OPEC

WTI crude may be in store for further punishment moving forward with production in the United States rising consistently and the inflated inventories simply counteracting the efforts of OPEC to stabilize the oil markets.feedback

Mar 21 2017

With fears somewhat receding over the political uncertainty in France coupled with the ECB slowly adopting a hawkish stance, the Euro has found itself back in fashion. A daily close above 1.0800 could encourage bullish investors to attack the next relevant level at 1.085.feedback

Mar 15 2017 - Brexit

With the ongoing Brexit woes effectively strengthening the relationship between uncertainty and sterling, further downside losses should be expected.feedback

Mar 14 2017 - Federal Reserve

Sentiment remains firmly bullish towards the greenback with further gains expected as speculators bet on the Federal Reserve raising U.S. interest rates repeatedly this year.feedback

Feb 21 2017

Although the current March hike madness theme could uplift the Dollar higher in the short term, the visible lack of commitment to a timeline in raising US rates may swiftly cap upside gains.feedback

Feb 17 2017 - Wall Street

With risk aversion rippling across the board amid the ongoing uncertainty, Wall Street may be vulnerable to further losses.feedback

Feb 17 2017

Although global stocks have repeatedly hit record highs from the 'Trump effect,' markets could find themselves under renewed selling pressure if the proposed fiscal stimulus and tax cuts fall below market expectations.feedback

Feb 10 2017

It should be kept in mind that the ongoing Trump developments have heavily eroded investor risk appetite while political risks continue to weigh on global sentiment. Although the yellow metal remains slightly pressured on the daily charts, bulls could reclaim control if the $1220 regions defend.feedback

Feb 08 2017 - OPEC

The resurgence of U.S shale amid the rising oil could undermine the efforts of OPEC and Non-OPEC members in mitigating the global oversupply consequently leaving oil prices vulnerable. There is a threat of the OPEC production cut deal falling apart in the future if U.S shale continues to pump incessantly.feedback

Jan 05 2017

The threat of Donald Trump's proposed fiscal policies falling short of market expectations has exposed the Greenback to downside risks. Although Wednesday's hawkish Fed minutes reinforced some speculations of the central bank raising US rates this year, the substantial uncertainty over how Trump's policies may impact the US economy could keep investors on edge.feedback

Dec 23 2016 - Wall Street

Although Wall Street succumbed to the bears on Thursday, the heightened expectations of a Santa rally elevating the Dow Jones to the golden 20,000 mark could re-attract risk-hungry investors. With Christmas this weekend and New Year's just over a week away, global stocks may meander between losses and gains as investors strategize for 2017.feedback

Dec 15 2016

While there still remains a cloud of uncertainty over how economic policy may change under Trump's presidency, the same rising optimism towards Trump boosting U.S. growth through tax cuts and infrastructure spending may have played a key part in the changes to the Fed's projections.feedback

Dec 07 2016 - Federal Reserve

November's Trump effect still fuels the Dollar with optimism over Donald Trump implementing fiscal stimulus measures reinforcing expectations of an improvement in overall US GDP. A strong rise in inflation from healthy growth could force the Federal Reserve to raise US interest rates aggressively in an effort to prevent the economy from overheating.feedback

Dec 06 2016 - Federal Reserve

The ever-rising expectations of the Federal Reserve raising US rates in December have left Gold extremely vulnerable to losses with the metal hovering around 10-month lows at $1170 as of writing.feedback

Nov 30 2016

The Euro continues to be battered by the painful combination of Eurozone growth concerns and fears of political instability in Italy. Tuesday's positive stance from the ECB pledging to buy more Italian bonds post Italian referendum did little to quell the downside pressures on the EURUSD with bears exploiting this opportunity to send prices lower.feedback

Nov 28 2016 - Wall Street

Although Wall Street concluded last week near historical highs, losses could be realized if Asia's and Europe's bearish contagion contaminate American shares.feedback

Nov 25 2016

The heightened fears over diminishing Eurozone growth coupled with ongoing political instability in Europe have left the Euro extremely vulnerable to losses. Sentiment remains firmly bearish towards the EUR with steeper declines expected as speculators bet over the European Central Bank extending its QE program at December's policy meeting.feedback

Nov 23 2016

Speculation of a December rate hike reached mind-boggling levels.feedback

Nov 18 2016

With speculations mounting over Donald Trump cutting taxes and boosting infrastructure spending, the Fed may be forced to repeatedly raise US rates in 2017 in an effort to control inflation.feedback

Nov 14 2016 - Federal Reserve

Dollar bullish investors stole the show during trading on Monday with the Dollar Index surging to eleven-month highs at 100.00 as expectations intensified over the Federal Reserve raising US interest rates in December. The Dollar's appreciation was complimented with optimism towards Trump's administration bolstering spending and reviving inflation, a move seen as supporting economic growth in the States.feedback

Nov 09 2016 - Federal Reserve

In the aftermath of Trump's victory, expectations have already diminished over the Federal Reserve raising US interest rates in December with the current odds below 50% which should pressure prices further. Despite the sharp rebound, which has taken the Dollar Index back towards 97.65 as of writing, bears remain in control with the Index sinking towards 96.00 as speculators reduce bets on a US rate hike.feedback

Nov 07 2016

With the probability of a December rate hike currently standing around 70 percent, a breakout above 98.00 could open a path towards 99.00 and potentially higher.feedback

Aug 19 2016

The short-term gains seen in global stocks have been undeniably impressive but go against the fundamentals, which does raise questions about the sustainability of the current market rally.feedback

Apr 28 2016

Sentiment is very bearish towards the Japanese economy and expectations are mounting that another technical recession could be around the corner.feedback

Feb 23 2016

Although European and American equities may continue to enjoy short term gains, the factors which have left global stocks heavily depressed remain intact.feedback

Feb 18 2016

Investors must remember that oil prices are still painfully low, while concerns over the global economy remain elevated, which should weigh heavily on sentiment.feedback

Jan 22 2016 - Japan

The odds are stacked against sterling bulls as domestic concerns around slowing wage growth and tepid inflation levels have pointed to a potential slowdown in economic momentum.feedback

Oct 06 2015

The heightened fears over the impact a Brexit could have in the UK, Europe, and global economy has renewed a wave of jitters that has weighed on global sentiment.feedback

May 02 2015

The violent swings in the oil markets, combined with ongoing concerns about the global economy, have reinstated a wave of risk aversion which continues to punish the FTSE 100.feedback

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