WTI crude up nearly 3% on the day to $68.50 at the moment It seems like the old “buy the rumour, sell the fact” play (opposite side this time) is working out for oil as price continues to climb in the aftermath of the OPEC+ decision. Even though OPEC+ chose to keep restoring supply in January,
Month: December 2021
Dollar keeps steadier for the most part, risk remains tentative AUD/USD is down 0.6% to 0.7049 now with NZD/USD also dragged lower by 0.6% to 0.6773 as both pairs are hitting fresh lows on the day. I outlined the situation for both the aussie and kiwi (pretty much having similar fates at the moment) earlier
NEW DELHI: Gold prices were trading higher on Friday, but were set for a third weekly fall, weighed down by hawkish signals from the Federal Reserve officials. The central bank hinted that it could end its pandemic-era asset purchases and raise interest rates faster than expected to combat surging inflation. Reduced stimulus and interest rate
Initial claims for unemployment insurance rose last week but held at levels consistent with how the job market looked before the Covid-19 pandemic devastated the U.S. employment picture, the Labor Department reported Thursday. First-time filings for the week ended Nov. 27 totaled 222,000, less than the 240,000 Wall Street expected. That was higher than the
DocuSign CEO Daniel Springer. Source: DocuSign DocuSign shares plummeted by almost 30% in extended trading on Thursday after the developer of e-signature software provided a forecast for the end of the year that missed analysts’ estimates. Fourth-quarter revenue will come in at between $557 million and $563 million, DocuSign said in its earnings report for
Dollar rises slightly in Asian session today, as markets await non-farm payrolls report from the US. Commodity currencies are generally lower despite to strong rebound in US stocks overnight. As for the week, Swiss Fran and Yen remain the strongest ones followed by Dollar. Aussie and Kiwi are the weakest. We’ll see how NFP would
In an interview with the Financial Times (FT), Cleveland Fed President Loretta Mester delivers hawkish comments on likely rates next year while cautioning about the risks from the Omicron covid variant. Key quotes Omicron threatens to stoke US inflation. Variant could exacerbate supply chain crunch and worker shortages. The fear of the virus is still
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In this video I have shared my forex trading strategy for beginners in which i explained the all time favorite fibonacci strategy. This strategy does’nt require a lot of other indicators but just the moving average some trend lines rsi and obviously knowledge of ABCD patterns. I hope with this strategy you can make more
100 hour MA at 1.1311 With the US employment report out tomorrow morning, the EURUSD rotated back below the 100 hour MA at 1.1311. The price moved below that level around the time London traders were heading home, and stayed below. That’s the bearish news. The not so bearish news is that the price remains:
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New Delhi: Gold in the national capital on Thursday rose by Rs 112 to Rs 47,050 per 10 gram in-line with a recovery in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,938 per 10 gram. In contrast, silver slipped Rs 203 to Rs
A worker moves boxes of goods to be scanned and sent to delivery trucks during operations on Cyber Monday at Amazon’s fulfillment center in Robbinsville, New Jersey, November 29, 2021. Mike Segar | Reuters Job growth is expected to have been strong in November, and employers likely continued to boost wages to attract and retain
In this article SIG Signage for Kay Jewelers, a subsidiary of Signet Jewelers Ltd., is displayed on the exterior of a store in New York. Bloomberg | Bloomberg | Getty Images Shares of Signet Jewelers rose in premarket trading Thursday after the parent company of Kay Jewelers, Zales and Jared reported fiscal third-quarter earnings ahead
Commodity currencies are turning weaker again in otherwise range trading markets. As for today, European majors are the stronger ones, as lead by Sterling. But there is no clear sign of follow through movements. Omicron seems to have slipped to the backstage. Traders are probably looking through to tomorrow’s non-farm payroll report to gauge how
Raphael Bostic, President of the Federal Reserve Bank of Atlanta, said on Thursday that the Fed is open to the possibility that maximum employment might be fewer jobs than before. Additional Comments: “Understanding what maximum employment is in the current environment will take some time.” “My interest rate path is to go slow and steady, get to neutral rate
Bitcoin (BTC) is in a tight battle between bulls and bears and the network is now reacting, data shows. Trackers reveal that this week, Bitcoin difficulty snapped an 18-week green streak to post its first decrease since July. Difficulty adjusts to 20% BTC price dip Amid cyclical short-term price action, concern remains that Bitcoin is
WTI up a little over 2% around $67 Invest in yourself. See our forex education hub. It is tough to get too optimistic about oil prospects at the moment as omicron fears are still weighing quite heavily on the fundamental backdrop. But since the peak in October, oil is down by over 21% with the