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Down $0.56 or -1.3% The price of crude oil had an up and down day today. The price was initially higher rising to $41.47. However after headline news saying the Norwegian strike was called off, the price rotated into the red and is closing down $0.59 or -1.43% at $40.60. The high for the day reached $41.47. The low extended
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 of your initial investment; do
A football team in Cyprus won against its rivals after it allowed fans to use blockchain technology and fan tokens to vote on its match lineup and formation, taking fan engagement to a new level. Apollon FC, using fan token platform Socios.com, won in a friendly match against rivals Aris Limassol, Socios said in a
By Fathin Ungku, Ernest Scheyder SINGAPORE/HOUSTON: When miners at Indonesia’s giant Grasberg gold and copper mine started testing positive for coronavirus early in the pandemic, the mountain-top mining complex was quickly locked down with a skeletal staff left in place to maintain production.But as months of travel curbs dragged on, angry workers blockaded the mine
According to the CFTC Commitments of Traders report for the week ended October 6, NET LENGTH for crude oil futures gained +9 625 contracts to 471 536 for the week. Speculative long position jumped +9 165 contracts, while shorts dropped -460 contracts. For refined oil products, NET LENGTH for gasoline decreased -204 contracts to 56
President Donald Trump’s announcement that no further stimulus talks will happen until after the November election will put a dent in efforts to bring the economy back from its coronavirus pandemic-induced slide, Cleveland Federal Reserve President Loretta Mester said Tuesday. “Certainly, you know, the recovery will continue without it, I think, but it’s going to
Gold bulls catch a breather around three-week high near $1,930 flashed on Friday. Fresh challenges to US stimulus, Brexit and the coronavirus news probe the metal’s latest upside. Off in the US, light calendar in Asia restrict market reaction. Gold takes rounds to $1,928/29, following the day-start weakness to $1,926.40, during the pre-Tokyo open Asian
Range for the day has reached 120 pips The GBPUSD has continued the run to the upside seen in the NY session. The range at the start of the NY session was only 50 pips. That range has been extended by 70 pips to 120 pips so far. Although higher, it is still below the 22 day average of
A record daily raise in the number of newly confirmed COVID-19 cases for France. Elsewhere in Europe: The UK reported more than 15,100 new cases on Saturday. Spain has declared an emergency in Madrid for 15 days Germany has introduced new restrictions, including a curfew on bars and restaurants (11pm) A few updates … sheesh
By Julian Lee Covid-19 may do for Big Oil what the Chicxulub asteroid did for the dinosaurs when it struck Earth 66 million years ago. Much like the “terrible lizards,” Big Oil was already in decline before the novel coronavirus hit. The world in which they thrived is changing around them and they face multiple
As suggested in the CFTC Commitments of Traders report in the week ended October 6, NET SHORT for USD Index futures dropped further, by -2 521 to 3 034 contracts. Speculative long positions increased +3 669 contracts and short positions added +1 148 contracts. Concerning European currencies, NET LENGTH in EUR futures slumped -13 808
An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Mortgage rates moved even lower last week after setting multiple record lows in recent months, spurring more borrowers to call their lenders and apply for a refinance, but homebuyers
Gold poised for a rally towards the $2000 mark in the week ahead. Bulls charted a classic falling wedge breakdown on the daily chart. A break above 50-DMA resistance is critical to take on the further upside. Following the settlement at two-week highs of $1930, Gold (XAU/USD) remains poised to extend the bullish momentum into a
When specific market forces (Price Action, Trend, Momentum and Market Strength) are working in unison, the combined effect can produce higher probability trades. The Sync trading method depicts…in real-time…the interaction of these market forces providing traders the means to make trading decisions with greater confidence and less emotional hassle. Sync is designed in a simple-to-use
This video has explained what is FOREX trading and how the profit or loss is calculated in FOREX trading. It also has explained the importance and definition of leverage which is very essential for the forex beginners. FOREX, stock, or commodity trading is widely accepted in the global platform. It is a highly competitive market.
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Range is above the average range The USDCHF as trended lower with the dollars move lower today. The range today has been an extended 75 pips. That is 21 pips above the average trading range seen over the last 22 trading days. For the week, last Friday the pair closed at 0.9196. The price traded to a