Euro/Dollar: today’s situation is 50/50
What was expected to be seen on the euro on Wednesday was done on Tuesday. The US stats continue to stand on the side of the dollar bulls. The US housing market exceeded expectations.
View ArticleOil market review For 13-19 July, 2016
Last week crude oil prices demonstrated a weak recovery after the previous decline. The price of WTI futures rose 0.7% to $45.4/bbl. On Monday, July 18, the price of WTI was trying to break the support...
View ArticleEuro strengthening before ECB meeting
The euro’s Wednesday trading closed slightly down. The euro bulls quickly won back losses which were incurred after UK labour market data came out. High intraday volatility continued ‘til trade close...
View ArticleChinese trade up
The oil market on Wednesday saw an increase in volatility. Oil dropped in the second half of the day to $45.9 per barrel of Brent; a minimum since the beginning of May. Later on, however, support for...
View ArticleDouble bottom formed after Draghi press conference
The euro/dollar on Thursday closed slightly up after the ECB’s Mario Draghi spoke. His speech turned out quite balanced. The euro/dollar first technically headed to 1.1060 and then returned to 1.0979.
View ArticleBritain's economy wilting fast after Brexit vote, may prompt more spending
U.S. stocks opened flat Friday, putting the main benchmarks on track to log their fourth straight weekly gain.
View ArticleChinese enterprise creation at 9,600 per day
The Baker Hughes oil reserve report showed a rise in drilling rigs last week to 462 from 357 a week earlier. As a result, the price of Brent dropped from $46.5 to $45.2 per barrel, updating a minimum...
View ArticleYuan Set To Become Third Largest World Currency
Despite fluctuations on Chinese markets and abroad last year, the tendency for internationalisation of the yuan is still positive.
View ArticleOil market review: Brent and WTI sharply decline
Last week crude oil prices fell sharply. The price of WTI futures dropped 6.5% to $42.63/bbl. On July, 21, the price of WTI successfully broke the important support level of $45/bbl, and the price of...
View ArticleOne Third Of All Trademarks Are Chinese
Oil quotes on Wednesday crumbled after EIA statistics came out showing US oil reserves increasing 1.671 million barrels instead of by an expected fall of 2.257 million barrels.
View ArticleOil Continues Its Fall
The price of oil is continuing to fall. The phase of sales on the commodity market is now stretching into its eighth consecutive session and doesn’t look like stopping.
View ArticleDisappointing US GDP Sends Dollar Plummeting
A dramatic fall occurred for the dollar on Friday caused by the disappointing US GDP in Q2 of 2016. The data showed a 1.2% YoY rise, with it expected to be at 2.6%.
View ArticleMarkets await BoE interest rate drop
Stats from the EIA on Wednesday showed a 1.413 million barrel rise in US oil reserves. They were expected to fall by 1.833 million barrels. However, this had no effect on oil’s rebound due to sellers...
View ArticleDowntrend on the crude market still continuing
Last week the downtrend on the crude oil market was continuing. The prices of WTI futures dropped 5% to $39.69/bbl. On July, 21, the price of WTI was remaining at its weekly high, but in early August...
View ArticleChina pushes to develop petrochemical industry
The price of oil is continuing to revive from its local minimums which were reached on Tuesday. On Thursday, after a fall for Brent to $42.5, the price quickly bounced back and reached $44.3 which is a...
View ArticleEuro reviving after Friday’s weakening
The euro/dollar on Friday closed down. The USD strengthened on strong US labour market data. The amplitude of the price fluctuations was a full figure because of the news.
View ArticleMarkets up; oil in pursuit
After over two weeks of oil falling, last week saw things turn around. The growth continued on Friday, albeit without much gusto: Brent nudged up 0.5%.
View ArticleEUR/USD In Sideways Movement
The euro/dollar is still trading below the 45th degree and LB. While traders within the price are banking on a rate drop from the BoE, the euro/pound will offer support to the euro/dollar.
View ArticleOil Market Still On The Rise
The oil market on Monday continued the growth path that it was on after switching from a falling trend last week. Yesterday, Brent rose 1.7%, breaking the important $45 per barrel level and closing at...
View ArticleEuro Ready To Strengthen Further Against The Dollar
The euro is up 35 points – to 1.1152 – in Asia. I don’t see anything which could hinder the euro/dollar’s growth. Today my euro target is 1.1180, along the 112 Gann degree. Now the bulls really need to...
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