Oil prices are unlikely to mount much of a recovery in 2021 as a new coronavirus variant and related travel restrictions threaten already weakened fuel demand, a Reuters poll showed on Thursday. The poll of 39 economists and analysts conducted in the second half of December forecast Brent crude prices would average $50.67 per barrel
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A last-minute Brexit trade deal has been reached just before the Christmas. the outcome is largely inline with our expectations. As a no-deal Brexit is avoided, BOE should be able to keep its powder dry for the year to come. The chance of negative interest rate has also been reduced, barring unanticipated bad news related
The number of people filing for unemployment benefits for the first time unexpectedly fell last week, marking its second straight decline. Initial jobless claims declined by 19,000 to 787,000 in the week ended Dec. 26, the Labor Department said Thursday. Economists polled by Dow Jones expected initial jobless claims to rise to 828,000. The previous
Gold have the best year since 2010, rising $350 or 22%. XAU/USD continues to test the $1900 area, a critical short-term resistance. Gold is about to end the year with a bullish bias, testing the $1900 barrier, supported by a US dollar decline. It gained 22% over the year and hit a record high at
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This is the best use of the Commitment of traders COT report when trading forex for retail traders. The tutorial goes in depth on what to look out for in the COT report, what participants are important and how to apply the COT data for free in your forex trading strategy. It’s the most comprehensive
Forex Strategy Sinhala – Inter Day Forex Trading Strategy In this video you will learn the simplest forex trading strategy using moving averages. Forex Broker Link – https://bit.ly/2RaWCDO Previous Forex Videos Basic Lessons Introduction (Must Watch) – https://youtu.be/kYR3RaxSAWs Lesson 01 – https://youtu.be/e8haYN4K40E Lesson 02 – https://youtu.be/XWTyv1Q6Qxk Lesson 03 – https://youtu.be/WOE-pgralxo Lesson 04 – https://youtu.be/Vqwp_kot0a4 Lesson
GBP/USD trade to its highest levels since May 2018 but just be mindful that thin liquidity conditions are still prevailing this week For bank trade ideas, check out eFX Plus The push higher in the past few sessions owes more to do with the dollar slipping up rather than the pound surging, with cable now
Previous record was Tuesday at 53,275 964 dead vs 575 a day ago The daily deaths are approaching the April peak of 1172. I’m sympathetic to the argument that the new variant is more transmissible. Otherwise, it’s very difficult to explain this spike despite the December lockdown. Other countries where they don’t have this variant
Paolo Ardoino, the outspoken chief technology officer of Bitfinex, took to Twitter this week to dispel concerns that Tether could be the next target of the United States Securities and Exchange Commission. In response to a tweet from CryptoQuant CEO Ki Young Ju, Ardoino said Tether adheres to strict KYC/AML regulations set forth by the
Oral care, pharmaceutical and confectionary companies including Colgate Palmolive , Procter and Gamble and Mars Wrigleys are likely to increase the purchase of mentha oil in the coming quarter which will take exports close to pre-Covid levels, companies and trade bodies said. India is the largest producer and exporter of mentha oil and its derivatives.
After gaining almost +10% this year, we expect EURUSD to strengthen further in 2021. While Eurozone continues to struggle with slow recovery and subdued inflation, the broad-based weakness in US dollar is anticipated to support the pair. As we mentioned in the previous report, we are bearish over US dollar due to dissipation of yield
Gold (XAU/USD) surged to all-time highs above $2,000 in August. The yellow metal went into a consolidation phase below $2,000 toward the end of summer and staged a deep correction in November. However, the improving market sentiment in the last quarter of the year also weighed heavily on the USD and allowed XAU/USD to rebound
Dow industrial average leads the way with a 0.24% gain the major US indices are closing the day modestly higher. The Dow industrial average led the way with a 0.24% gain. A look at the final numbers shows: S&P index up 5.0 points or 0.13% at 3732.04 NASDAQ index up 19.73 points or 0.15% at
Forex news for Asia trading for Thursday 31 December 2020 ICYMI The US dollar once again lost ground during the session in Asia, currencies generally higher across the major FX board. Offshore yuan rose also, hitting highs it hasn’t seen since June of 2018 (circa 6.49 for USD/CNH). As I post the picture is becoming
Gold futures fell by 0.13 per cent to Rs 49,976 per 10 gram on Wednesday as participants offloaded their holdings on low spot demand. On the Multi Commodity Exchange, gold prices for February delivery declined Rs 63, or 0.13 per cent, to Rs 49,976 per 10 gram in a business turnover of 10,074 lots. In
Dollar remains the worst performing one for today, after earlier downside breakout. Though, selling focus has shifted away from Euro. Currently, Australian Dollar an Sterling are the strongest one, followed by New Zealand Dollar. But Yen buying is accelerating in early US session. It’s unsure who will end up as the best performer for the
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