CRUDE OIL ANALYSIS & TALKING POINTS Where to next for OPEC+? USD looks to NFP for guidance on Fed monetary policy. Overbought zone on both WTI and Brent could indicate downside to come? Recommended by Warren Venketas Get Your Free Oil Forecast CRUDE OIL FUNDAMENTAL BACKDROP WTI crude oil and Brent crude oil remain elevated […]
NordFX, the brokerage firm, has summarized the performance of its clients’ trading transactions for July 2023. The social trading services, PAMM and CopyTrading, have also been evaluated, as well as the profits gained by the company’s IB partners. – The highest profit in July was achieved by a trader from Western Asia, with account number […]
Inflation in the UK is slowing down. However, it remains the highest among all developed countries. Thus, from the report of the Office for National Statistics, published on July 19, it follows that annual inflation in the UK in June fell to 7.9% (stronger than the forecast of 8.2% and significantly lower than the May […]
© Reuters Investing.com – The U.S. dollar edged higher in early European trade Tuesday, while sterling fell as U.K. house prices slumped sharply as rising interest rates weighed. At 03:20 ET (07:20 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.2% higher at 101.865, after hitting a fresh […]
German DAX futures -0.1% UK FTSE futures flat US futures are also flattish at the moment, so the mood in Europe is also mainly reflecting similar sentiment. It’s a quiet one on the risk front as we get things going in the new month. But keep in mind that we are coming off a strong […]
The Reserve Bank of Australia (RBA) board members decided to make no changes to the Official Cash Rate (OCR), leaving it at 4.10% at its August monetary policy meeting. developing story … In a knee-jerk reaction to the RBA decision, the AUD/USD pair dropped over 40 pips to test 0.6660. The pair is down 0.70% on the […]
Market Recap Recommended by Jun Rong Yeap Get Your Free Equities Forecast The new trading week kickstarted with a drift higher in Wall Street overnight (DJIA +0.28%; S&P 500 +0.15%; Nasdaq +0.21%), as sentiments remain largely on its cautiously optimistic state ahead of more big tech earnings releases and the US job report this week. […]
Crude Oil, WTI, Brent, OPEC+, Fed, China, RBOB Crack Spread, Backwardation – Talking Points Crude oil is on the front foot going into August after an astounding July OPEC+ production cuts might be having their desired effect as growth pick up The structure of the WTI futures market might be saying something. Will WTI go […]
