Negotiations between Iran and the US, with European diplomats as intermediaries, begin on Monday, November 29, in Vienna. Talks are aimed at reviving the nuclear accord. Iran is making plans to once again access world oil markets (if it is successful in having sanctions removed). Comments from managing director of the National Iranian Oil Co., Mohsen Khojastehmehr, were
MELBOURNE: prices ticked lower on Thursday with investors waiting to see how major producers respond to the emergency crude release by major consuming countries designed to cool the market, even as data pointed to healthy U.S. fuel demand. U.S. West Texas Intermediate (WTI) crude futures fell 9 cents, or 0.1%, to $78.30 a barrel at
A customer’s groceries are rung up at a store in San Francisco, California, U.S., on Thursday, Nov. 11, 2021. David Paul Morris | Bloomberg | Getty Images Critical supply chains are choked off. Demand soars. Prices surge and everyone starts freaking out about inflation and wonder how long it will last. Is it 1945? 1916?
Discover probably the best day swing trading strategy for trading Forex, crypto and stock market, using the H1 time frame. In this video you will discover: • How to make money trading stocks and Forex market using Central Pivot Range indicator and simple price action patterns • how to use and how to read CPR
The discovery of a new COVID-19 variant in South Africa that could be harder to combat spurred risk-off market mood. The British pound fell on COVID-19 new variant though ended the day in the green, up 0.09%. GBP/USD upward move caused by US dollar weakness. The British pound recovers from earlier losses during the day,
Facebook has been planning its foray into the metaverse for some time now — possibly even several years. But it’s only recently that its ambitious expansion plans have catapulted the concept into mainstream headlines across the globe. Renaming the parent company to Meta was perhaps the biggest, boldest statement of intent the firm could make.
New Zealand Dollar weakens in Asian session after RBNZ rate hike, and leads other commodity currencies lower. Dollar firms up mildly as it’s ready to extend recent rally, except versus Yen for now. European majors are mixed, with Sterling have a mild upper hand against Euro and Swiss Franc. Gold is treading water below 1800
AUD/USD down 1% to 0.7115 as the pressure mounts on risk trades The sentiment in the pair is very much similar to that of NZD/USD as outlined here earlier as sellers are eyeing a test of the August lows of 0.7106 now.Invest in yourself. See our forex education hub. A break below that leaves very
It’s a greek letter So the rumours was it was going to be called Nu (another greek letter that looks like this ‘v’) . The next letter after Nu would be Xi. It looks weird, and I don’t know the unicode for the keyboard, but here is a picture of it. The left hand letter
SINGAPORE: prices slid more than 1% on Friday on concerns that a global supply surplus could swell in the first quarter following a coordinated release of crude reserves among major consumers, led by the United States. Brent crude futures extended declines for a third session, falling 96 cents, or 1.2%, to $81.26 a barrel by
The ranks of those submitting jobless claims tumbled to their lowest level in more than 52 years last week, the Labor Department reported Wednesday. New filings totaled 199,000, a number not seen since Nov. 15, 1969, when claims totaled 197,000. The report easily beat Dow Jones estimates of 260,000 and was well below the previous
WTI has been under severe selling pressure in recent trade and is now under $70.00. That marks a more than 11% decline on the day, its worst session since last year’s negative prices. Front-month WTI futures have been getting absolutely battered in recent trade and have recently dropped below the $70.00 level. That marks a
The new coronavirus variant is the main them in the markets today, sending global stocks and benchmark treasury yields sharply lower. Yen and Swiss Franc are trading sharply higher, followed by Euro. Commodity currencies tumble sharply on risk aversion but Sterling and Dollar are also pressured. For the week, Swiss Franc is now the strongest
Oil down by nearly 6% and briefly clips below $74 Invest in yourself. See our forex education hub. US president Biden may get his wish of lower oil prices but it isn’t exactly how one might expect it to come about in trading this week. The SPR release news was underwhelming but oil is now
Risk off reigns Black Friday sale hits the markets. Did you grab a bargain? The session begun with a clear risk off footing. However, the initial early European risk off frenzy had slowed significantly by the time the session begun. At this stage it is hard to really read too much into these risk off
NEW DELHI: Risk of another wave of Covid pandemic, thanks to a mutation detected in South Africa, increased the appeal of bullion counters on Friday as investors took a flight from risky assets. Indian authorities alerted all states about the new variant and asked them to rigorously screen and test travellers coming from or transiting
Federal Reserve Chairman Jerome Powell attends the House Financial Services Committee hearing on Capitol Hill in Washington, U.S., September 30, 2021. Al Drago | Reuters Expect more tough talk from the Federal Reserve, as it may consider winding down its bond program sooner than expected. Based on comments from a number of Fed officials, market
This video shows how to trade the 4hr timrframe.