EUR/USD and Oil – Awaiting Fibonacci Resistance Breakout for Bullish Continuation
This article explores breakout strategies with insights into two potential trade setups on EUR/USD and crude oil prices. In the piece, we also examined major tech levels to watch in…
Read More »Crude Oil Forecast: Attention Shifts to OPEC Production Cuts
Brent crude oil prices look to next week with forward momentum as markets await further information from OPEC their production projections for September.
Read More »Dow Jones Rebound May Lift Hang Seng Index. Crude Oil Fall, FOMC Meeting in Focus
Wall Street stocks climbed on Tuesday as falling crude oil prices alleviated inflation concerns. The Hang Seng Index may be positioned for a rebound after reaching a six-year low. The…
Read More »WTI Price Analysis: 200-SMA pushes sellers towards $73.00
WTI crude oil prices stay below 200-SMA, down 0.50% intraday around $73.30 during Monday’s Asian session. In doing so, the black gold teases 50% Fibon
Read More »USD/CAD May Move Lower on USD Weakness Despite Crude Oil Breakdown
US equities failed to extend gains from Monday as Treasury yields aesed. Elsewhere, the Canadian Dollar gained versus the Greenback despite falling crude oil prices.
Read More »US Dollar and Yen Down as Stocks Rise, Crude Oil Down on OPEC+
The anti-risk US Dollar and Japanese Yen fell as stocks aimed higher at the start of the global grading week. Crude oil prices fell after OPEC+ officials failed to agree…
Read More »USA100 holds under extensive pressure
Global stock markets are mostly higher, resuming yesterday’s stellar day on Wall Street as the indexes raced sharply higher on surprisingly positive vaccine news from Pfizer and BioNTech. News from…
Read More »Crude Oil Prices Ripe for Rebound One Day Ahead of Presidential Election?
Crude oil prices may be ripe for a rebound as the cycle-sensitive commodity shows signs of bottoming out at key support less than 1 day before the US presidential election.
Read More »FTSE China A50 Gains With Crude Oil, Gold Prices Attempt Breakout
Asia-Pacific stocks are set to open higher following a decent rebound in US indices overnight as crude oil prices climbed to a three-month high. Gold prices attempt to break out…
Read More »Markets Weekly Outlook: US Dollar, Dow Jones, Australian Dollar, Crude Oil
The US Dollar has slowed its descent with the Dow Jones leveling off as crude oil prices rise with lockdown easing bets. US-China tensions seem to be heating up which…
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