SINGAPORE – Oil prices fell on Monday after China released much-delayed trade data which showed that demand in the world’s largest crude importer remained lacklustre in September as strict COVID-19 policy and fuel export curbs depress consumption. Brent crude futures for December settlement slid 40 cents, or 0.4%, to $93.10 a barrel by 0340 GMT
Sterling is the better performer in Asian session today. It’s supported by news that former Prime Minister Boris Johnson withdrew from party leadership contest on Sunday, even with enough support to make the final ballot. The development left business friendly Rishi Sunak, a former Finance Minister, as a favorite to replace outgoing Prime Minister Liz
In this article TSCO DOV ABT WHR POOL C PG TSLA Follow your favorite stocksCREATE FREE ACCOUNT Pepsi products are displayed for sale in a Target store on March 8, 2022 in Los Angeles, California. Mario Tama | Getty Images One thing is clear at the start of the corporate earnings season: Inflation remains a
Short term Elliott Wave view on Nasdaq (NQ) shows an incomplete bearish sequence from 11.22.2021 high favoring further downside in the higher time frame. Near term, cycle from 8.16.2022 high has ended and the Index is now rallying to correct this cycle in 3, 7, or 11 swing before the decline resumes. Down from 8.16.2022
USDJPY skims the 200 hour MA The USDJPY has seen volatile up and down trading over the last few days. The Bank of Japan came in and intervened, pushing the price down to a low of 145.484 before snapping back to the upside. The subsequent high price move back to 149.454. That was just short
The major European indices are ending the day with solid gains. Looking at the closing levels: German DAX, +1.58% France’s CAC, +1.59% UK’s FTSE 100 +0.64% Spain’s Ibex, +1.79% Italy’s FTSE MIB, +2.0% Looking at the daily chart of the German DAX, the high price today reached 13020.45. That was about 6 points shy of
Gold prices slipped on Monday, having risen 1.8% in the previous session, as the U.S. dollar firmed, although faint hopes that the U.S. Federal Reserve will adopt a less aggressive policy stance later in the year cushioned further decline. Spot gold fell 0.1% to $1,654.68 per ounce, as of 0330 GMT. Prices marked their biggest
Overall market sentiment is mixed today. European stocks are trading up together with US futures. But heavy selling was seen in Hong Kong and China stocks earlier. Commodity currencies appear to be weighed down by the negative side of the picture, while Dollar is firmer with European majors. Sterling is so far the better performer
GBP/USD remains steady but pound pulls back versus other rivals. UK: Rishi Sunak will become UK Primer Minister. US S&P Global drops more than expected in October. The GBP/USD is hovering around 1.1300 since the beginning of the American session, unable to benefit from a modestly weaker US dollar. Economic data from the US came
Polygon (MATIC) price could double by the end of 2022 or early 2023 due to a mix of extremely bullish fundamental and technical indicators. Polygon wins high-profile clients MATIC rose by nearly 6.5% four days after Nubank, a Brazilian fintech company backed by Warren Buffett’s Berkshire Hathaway and Softbank, confirmed that it selected Polygon’s “Supernets
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How to Trade Using the Fibonacci Retracement and the Fibonacci Extension Levels! This is a COMPLETE step-by-step guide to using the Fibonacci Retracement tool to achieve HIGH WIN RATE trading entries! In this video I will be sharing a super SIMPLE Fibonacci trading strategy that works in forex, crypto and stocks. You can use this
The price of WTI crude oil futures has moved to a new high of $86.09. Currently the prices trading at $85.93. That’s up $3.11 from the $82.82 settlement price yesterday or 3.75%. The move to the upside has the price testing its 100 hour moving average at $85.93. The price has found resistance sellers against
Bloomberg with the report on continued COVID-related restrictions in China. This is in Guangzhou, the southern Chinese manufacturing hub that’s home to about 19 million people: All primary and middle schools in Haizhu district, where about 10% of the city’s total population lives, will halt in-person lessons from Monday. The restrictions come more than a
NEW DELHI: Tracking global cues, gold prices continued to fall on Friday and were headed for a straight second weekly loss. The yellow metal breached the Rs 50,000 mark despite the festive season in India. US Treasury yields held near multi-year highs following strong labour market data and hawkish comments from Federal Reserve officials, dampening
Gold price prints mild losses while reversing from one-week high. DXY pares the first weekly loss in three amid geopolitical, market meddling concerns. Fed speakers’ absence, likely hawkish outcome from ECB could test XAU/USD bears. Preliminary readings of US PMI for October, Q3 GDP are also important for near-term directions. Gold price (XAU/USD) remains pressured
The September Australian jobs report will be released in the new trading day. Are you ready? Do you know the bias defining levels? Do you know the risks? Do you know the targets on a trend like move? In this video, I outline all the levels in play that will make you aware and prepared.
By Themla Gower The 20th National Congress of the Chinese Communist Party has now ended. Here are the top ten public policy takeaways from this rare event. 1) COVID containment: until a stronger, domestically-produced vaccine is produced, nothing fundamentally changes2) Economic growth targets: becoming #1 in the world is now considered not necessary nor advisable3)