Trading in the first half of the year was the sale of shares and the purchase of oil. This also becomes the fourth quarter business. WTI crude is up 5% today and briefly touched...
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OPEC+ to hold offline oil meeting next week in Vienna
The Alliance held a face-to-face meeting for the first time since March 2020, as all previous meetings were online. It is not yet clear whether Russia will send its representatives. Brent oil price in 1...
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2 Minutes
London dealers are running out of gold amid strong demand for the precious metal
The cost of gold bars in pounds sterling last week approached a record. The dynamics of the price of gold in pounds per troy ounce When the pound tumbled after UK Treasury Secretary Kwazi...
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1 Minute
October forex seasonals: It was a volatile September, what comes next?
At the start of September, I wrote about the seasonals and warned that it was a bad month for stock markets with a note that it was the worst calendar month for the S&P 500. It...
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3 Minutes
Oh what a week! The major FX currency pairs are ending the week mixed in the short term.
The last week was certainly a volatile one for the major currency pairs. The GBPUSD saw the biggest movement falling to the lowest level on record, and the EURUSD also reached to a new low for...
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2 Minutes
GOLD PRICE FORECAST: XAU/USD PLUNGES TO NEW TWO-YEAR-LOWS BELOW $1640
Gold price tanked to new two-and-half years low at $1638.90. Global S&P PMIs revealed in the EU, UK, and the US sparked investors’ recession fears, increasing appetite for the safe-haven US dollar. Gold Price...
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1 Minute
GBP/JPY PRICE ANALYSIS: PLUMMETS BELOW 155.50 AFTER LOSING MORE THAN 2.93% IN THE DAY
Weaker than estimated UK economic data and UK’s new budget fueled UK’s recession fears. A break below the 200-EMA officially shifted the GBP/JPY as bearish biased. GBP/JPY plunged more than 450 pips or 2.93%...
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Here is the FOMC speaking schedule for next week
Monday 10 am ET Collins 12 am ET Bostic 1230 ET Logan 4 pm ET Mester Tuesday 6:15 am ET Evans 9:55 am ET Bullard 8:35 pm ET Daly Wednesday 8:35 am ET Bostic...
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2 Minutes
Another down day/week for the major indices. New 2022 closing low for the Dow.
The major US stock indices are closing lower for the 4th consecutive day. For the week, the majors major indices are also down sharply. Recall from this time last week, Adam warned that this...
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1 Minute
The EUR/USD pair is showing new momentum
EUR/USD is lower this morning and I found a break of the multi-day channel, which is a good sign for further downside.Trade Recommendation: With the break of thechannel below and the strong decline this...
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