Me and Eamonn both highlighted the bearish outside day in oil yesterday and it’s coming to pass. There was a bearish outside day yesterday and it came after a test of the 50-61.8% fibonacci retracement level of the June swoon. OPEC+ today was a non-factor as it endorsed the August production hike that was already
This is the first dip into negative territory and it’s a big dip. You could see this coming after yesterday’s Q1 GDP revisions. The consumption numbers in today’s PCE report were also poor. The release: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2022 is -1.0
New York: The OPEC oil cartel and allied producing nations decided Thursday to boost production of crude by an amount that will likely do little to relieve high gasoline prices at the pump and energy-fuelled inflation plaguing the global economy. The increase of 648,000 barrels per day in August leaves the world thirsty for oil
Euro is under broad-based pressure today as selloff against Swiss Franc spreads to other pairs. Yen is currently the best performer following another round of pull back in Germany, and to a lesser extent US, benchmark yields. Aussie and Kiwi are also recovering while Dollar is firm. But for the week, Swiss Franc is still
The Walgreens store at State and Randolph Streets in Chicago. Nancy Stone | Chicago Tribune | Tribune News Service via Getty Images Walgreens Boots Alliance on Thursday reported quarterly sales and earnings that came in above expectations as it grew online sales and continued to administer Covid-19 vaccines. The drugstore chain stood by its outlook
USD/MXN turns negative, after hitting weekly highs near 20.30. A recovery in market sentiment helped the Mexican peso during the American session. A consolidation above 20.20 is likely to trigger more gains. Emerging market currencies recovered ground during the American session from multi-day lows. They remain under pressure affected by the sharp decline in global
Complete MT5 Programming Course: https://en.bmtrading.de/mt5-masterclass/ Recommended Broker: https://en.bmtrading.de/broker/ Free Trading Journal: https://en.bmtrading.de/tradebuddy/ Learn about the benefits of automated trading. After programming trading strategies for a while I started teaching how to program expert advisors for the MT4 (MetaTrader 4) and MT5 (MetaTrader 5). Until now I only did videos in German but now I will
Signals Telegram: https://t.me/+VDfh6_70sspkNDVh Instagram: www.instagram.com/imkinzo – — – Insane Forex Scalping Strategy – – – – – -#forex #forexstrategy #forextips #forex #forexsignals #forextrader #trading #forextrading #money #cryptocurrency #trader #investment #forexlifestyle #investing #entrepreneur #business #blockchain #forexlife #forexmarket #stocks #success #daytrader #stockmarket #fx forex,stock market,forex Swaggy c,the swag academy,forex the swag academy,forex market swaggy,forex market the swag
?Get the Genius Trading Masterclass to learn the skillset of an independent Daytrader: https://genius-trading.thinkific.com/courses/GTUmasterclass ?????Join my free public channel on Telegram for trading ideas, giveaways, mentoring & more: https://t.me/joinchat/AAAAAFMODJtMyuP5-ZfMiQ ? Drop me a private message on Telegram to learn how I trade the markets: https://t.me/raphael_palmdale ? Follow me on Instagram: https://instagram.com/raphael_palmdale The Broker that I
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
The headline is from ING’s take on today’s POMIC data from China. ICYMI, the data is here: ING remarks (in brief): The rebound of the non-manufacturing PMI to 54.7 in June from 47.8 in May was mainly due to more construction activity (the PMI for which was 56.6, up from 52.2 in May), This indicates
Gold firmed on Thursday as U.S. Treasury yields dipped, but faces its worst quarter since early 2021, as the dollar cemented its place as the safe-haven asset of choice, amid top central banks adopting aggressive tactics against runaway inflation. FUNDAMENTALS * Spot gold was up 0.1% at $1,818.31 per ounce by 0115 GMT. U.S. gold
Risk-off sentiment is back in Asia today, after US stocks were sold off on poor consumer confidence data. In the currency markets, trading is relatively subdued, with Euro and Dollar trading in soft tone. Canadian Dollar and Swiss Franc are the strongest ones for the week. In particular, Swiss Franc is extending up trend against
USD/CAD is likely to display some losses as DXY skids and oil rebounds. As per Fed Powell, even a spree of rate hikes doesn’t guarantee the return of the inflation rate to 2%. Oil prices witnessed a significant correction as comments from central banks diminishes demand forecasts. The USD/CAD pair has sensed barricades around the
The European Council has reached an agreement to form an anti-money laundering body that will have the authority to supervise certain crypto asset service providers, or CASPs. In a Wednesday announcement, the council said it had agreed on a partial position of a proposal to launch a dedicated Anti-Money Laundering Authority, or AMLA. According to
Oil was falling before some comments crossed from US envoy Hochstein but this added to it: Welcomed major change in attitude from OPEC+ Hopes OPEC+ will move to Step 2 of supply boost Hopes OPEC continues putting on more supply Says US can assess more SPR releases after October This cryptic ‘step 2’ comment suggests
New Delhi: Gold price in the national capital fell by Rs 176 to Rs 50,649 per 10 grams on Wednesday, reflecting a decline in international precious metal prices, according to HDFC Securities. In the previous trade, the yellow metal settled at Rs 50,825 per 10 grams. Silver also fell by Rs 443 to Rs 59,725
Swiss Franc continues to rise broadly today, with additional help from selloff in Euro. The common currency is weighed down by Germany CPI, which unexpectedly slowed in June. But for now, Aussie, Sterling and Yen are even weaker than Euro. On the other hand, Canadian Dollar is second strongest as supported by rebound in oil