WTI, Brent Shrug Off US Inventories Surge as Oil Prices Hit Fresh 2023 Highs

OIL PRICE FORECAST: Most Read: What is OPEC and What is Their Role in Global Markets? Oil prices continued their advance this morning helped by a weaker USD. The surge in US inventories seems to be overshadowed by growing concerns around tighter supply for the remainder of 2023. Tips and Tricks to Trading Oil Prices

S&P500 and top tier stocks [Video]

Share: Stock Market Report S&P 500 – NASDAQ 100 – RUSSELL 2000 – DAX 40 – FTSE 100 – ASX 200. Elliott Wave AnalysisSummary: Quadruple witching 15 September four major derivatives contracts expire simultaneously. Bullish bias develops further in leading stocks and US sectors. The UK markets have broken out of a larger Triangle

Gold Price on Meltdown Alert as USD Eyes Breakout Before Fed, XAU/USD Levels

GOLD PRICE FORECAST Gold prices lack directional conviction as the U.S. dollar charges toward multi-month highs. Precious metals retain a somewhat bearish outlook from a fundamental standpoint. This article looks at XAU/USD’s key technical levels to watch in the coming days. Most Read: US Dollar Setups: USD/CAD, USD/JPY, and AUD/USD; Major Tech Levels Identified Gold

GBP/USD Hit by USD Strength, EUR/GBP Slips Lower

GBP/USD, EUR/GBP Analysis and Charts Cable falls to a three-month on renewed US dollar buying. EUR/GBP slides despite the ECB hiking rates again. For all market-moving economic data and events, see the DailyFX Calendar Recommended by Nick Cawley Introduction to Forex News Trading The ECB hiked interest rates higher by 25 basis points across the

Dollar retreats after CPI release; euro gains ahead of ECB decision By Investing.com

© Reuters. Investing.com – The U.S. dollar edged lower in early European trade Thursday after U.S. inflation release, while the euro climbed from recent lows ahead of the European Central Bank’s eagerly-awaited rate-setting meeting.  At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1%

GBP/USD tests below 1.24 as Pound Sterling softens

Share: The GBP/USD is testing three-month lows after closing flat or bearish for seven of the last eight weeks. UK data continues to disappoint, suggesting a floundering economic outlook. US data keeps beating expectations, boosting USD in major trading pairs. The Pound Sterling (GBP) is notably bearish for Thursday, briefly breaking beneath the

USD/CAD, USD/JPY, and AUD/USD; Major Tech Levels Identified

USD/CAD TECHNICAL ANALYSIS Between mid-July and early September, USD/CAD embarked on a robust uptrend, but the pair encountered resistance near the psychological 1.3700 level before reversing lower just as oil broke out to multi-month highs, a development that added some support to the Loonie given Canada’s high sensitivity to energy markets. Following the recent setback,

Boeing’s Turbulent Descent

Boeing Co., an aerospace titan, finds itself in a storm. For nine consecutive days, its shares have been on a relentless descent, shedding 1.07% to close at $208.40 in a trading session that painted a mixed picture for the stock market. While the S&P 500 Index managed to eke out a modest 0.12% gain, landing