Goldman Sachs expects oil prices hitting $100 per barrel in the second half of this year, citing a lower than expected hit to demand from the Omicron coronavirus variant coupled with increased supply disruptions and OPEC+ shortfalls. “This has kept the global oil market in a larger deficit than even our above consensus forecast,” Goldman
Month: January 2022
Dollar is making a strong come back in Asian session today, as 10-year yield powers up to 1.85 level. Yen is under some selling pressure after BoJ stood pat as expected, and delivered little surprise other than upgrades in inflation forecasts. But Aussie and Kiwi are currently the weakest one. Canadian Dollar, on the other
The Ethereum upgrade that introduced a partial network fee burning mechanism in August last year has launched on the layer-two scaling network Polygon. Ethereum’s EIP-1559 upgrade shipped with its London hard fork last summer and has been a success in terms of gas price predictability and network fee burning. The upgrade has now launched on
It’s been a one-way trade in oil since the spike down to $66 in early December but we’re now testing a big resistance level. Brent touched $86.71 today, which is a cent higher than the October high of $86.70, but we’ll call it even since it’s now back to $86.58. What’s more is that the
From the New Zealand Institute of Economic Research business confidence -28% prior -11% capacity utilisation 89.5% prior 96.1 From the NZIER: business confidence and demand fell as the COVID-19 outbreak dragged on survey was carried out from 8 November 2021 to 10 January and captured the effects on Auckland and its neighbouring regions in lockdown
What you need to know on Tuesday, January 18: The week started in slow motion, with little action across the FX board. Chinese data released at the beginning of the day provided a modest boost to high-yielding assets, which changed course during European trading hours. US markets were closed due to the celebration of Martin
On this episode of What’s On Your Mind? #WOYM – ITPM Mentors Anthony Iser & Ross Williams have a laid back discussion on what they think matters right now in the financial markets when making trading and portfolio management decisions. Subscribe below to get notifications for future episodes. We will be releasing new episodes every
New Delhi: Gold prices rose by Rs 176 to Rs 47,881 per 10 grams in the national capital on Monday in line with gains in the precious metal in the global markets and a weaker rupee, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,705 per 10 grams.
Canadian Dollar is trading as the strongest one for today, and remains firm after stronger than expected manufacturing sales data. Dollar is currently following, with help by rebound against Yen. Sterling is also slightly weaker, following Yen. Other currencies are mixed for now. Overall, trading is rather subdued with US on holiday. Technically, while Canadian
USDCHF bottom this week at the floor area The USDCHF peaked on Tuesday at 0.92776. That was short of the December high at 0.92937. On Wednesday, the price fell sharply and in the process cut through its 100 day MA (blue line on the daily chart above) at 0.92128, and the 200 day moving average
The population game is one that all countries in the world are playing but few – if any at all – are winning. And China is no exception to that. The crisis in the country worsened amid the pandemic and last year saw birth figures sliding once again. According to the stats bureau, there were
Silver (XAG/USD) below $21.68/42 would confirm a major top is in place and an important change of trend lower. Strategists at Credit Suisse would then see support at $19.65 initially, ahead of $18.69/64. Silver is closer to establishing a major top “Silver is seen under more pressure and is already closer to the lower end
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The Fibonacci Retracement strategy in FOREX is one of the most insane tools. Knowing when and where the price will reverse allows day traders to earn profits consistently. In the video i will teach you how to use the Fibonacci tool and create a great Fibonacci retracement strategy. For USA Residents ONLY Get some free
Gold prices eased on Monday, as U.S. Treasury yields gained on hawkish signals from the Federal Reserve and markets began to price in a sooner-than-anticipated reduction in balance sheet. FUNDAMENTALS * Spot gold was down 0.2% to $1,814.08 per ounce by 0024 GMT. U.S. gold futures edged down 0.1% at $1,815.00. * U.S. 10-year Treasury
The markets are overall relatively quietly in Asian session today and trading could be subdued with US on holiday. Canadian Dollar is resilient with WTI oil staying firm at around 84 handle. Euro and Dollar are both strengthening notably. On the other hand, Yen, Aussie and Kiwi are softening. In particular, traders seem to be
USDCAD tests its 100 hour moving average The USDCAD is moving higher in reaction to the USDs general move to the upside. Helping the trend is the rise in yields. 2 year 0.955%, +5 point basis points 10 year 1.759%, +5.3 basis points 30 year 2.098%, +5.2 basis points Technically, the pair also is getting
EUR/USD correcting Friday’s drop but bearish while below the 50-hour EMA. Eyes on 1.15 the figure while markets access the divergence between the ECB and Fed. EUR/USD will start the week after a poor end to last following the market’s risk-off reaction to key, yet disappointing, US data. EUR/USD ended the day down some 0.35%
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