Crude Oil Forecast: Prices in Freefall as Pivotal Technical Support Caves In
This article delves into the reasons behind oil’s recent selloff. The piece also examines the commodity’s technical outlook, analyzing critical price thresholds that should be on every trader’s radar in…
Read More »Japan Jibun Bank Services PMI came in at 50.8 below forecasts (51.7) in November
Japan Jibun Bank Services PMI came in at 50.8 below forecasts (51.7) in November
Read More »Oil Weekly Forecast: Crude Oil Markets Dissatisfied by OPEC+
Crude oil prices slumped last week after OPEC+ announced voluntary cuts into 2024 as US factors play an important role in short-term guidance this week.
Read More »US household versus establishment employment surveys
Here’s a great chart from BMO showing the consistent jobs growth in the establishment survey compared to the household survey showing net job losses since June. On both charts, BMO…
Read More »Singapore Purchasing Managers Index increased to 50.3 in November from previous 50.2
Singapore Purchasing Managers Index increased to 50.3 in November from previous 50.2
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FOREX Q&A – How To Find Divergence
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Read More »EUR/GBP dives to lows since September, indicators flash oversold conditions
In Friday’s session, the EUR/GBP pair was seen at 0.8560 after a downward rally of 0.70%.
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NEVER BUY AT TOP!!!
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Read More »US Dollar closes a third consecutive losing week, focus shifts to employment data
The US Dollar (USD) Index has shown a modest decline, trading at 103.25, despite Federal Reserve Chair Jerome Powell’s hawkish stance.
Read More »Forexlive Americas FX news wrap: No pushback from Powell, gold hits a record
Powell: FOMC is ‘moving forward carefully’ as risks around rates becoming more balanced Powell Q&A: Inflation is still well-above target but moving in the right direction US November ISM manufacturing…
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