Oil (Brent Crude, WTI) Analysis China crucial to oil demand outlook, data sensitivity expected Brent crude oil and WTI eas ahead of EIA storage data and Jackson Hole IG client sentiment briefly shifted net long – complicating the outlook The analysis in this article makes use of chart patterns and key support and resistance levels.
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Investing.com – The U.S. dollar retreated in early European trade Tuesday as risk sentiment received a boost from strong tech-led gains on Wall Street, but trading ranges remained tight ahead of the Federal Reserve’s Jackson Hole symposium at the end of the week. At 03:20 ET (07:20 GMT), the , which tracks the greenback against
Share: GBP/USD remains on the sideline after reversing from two-week low. Three-week-old symmetrical triangle restricts immediate moves between 1.2710 and 1.2800. Steady RSI, two-month-old rising support line also challenge Cable pair’s trading moves. Upbeat UK PMIs will need validation from softer US PMIs, downbeat Fed talks to keep Pound Sterling firmer. GBP/USD edges
USD/ZAR OUTLOOK: USD/ZAR Retreats Toward Support at the 18.71 Handle as BRICS Summit Gets Underway, SA Inflation Data Ahead. BRICS Bloc Has a Lot to Overcome Before Any Idea of a Single Currency Becomes Realistic. The South African Rand is in Good Stead for a Continued Recovery as Attention Turns to the Jackson Hole Symposium.
A UBS note nominates a breach of 1.0810 in EUR/USD as a trigger for Commodity Trading Advisors (CTAs) to shift into short positions. say its a key level of clustered CTA triggers, and three are more if the euro falls below there UBS say that CTAs are already short kiwi $, Chinese yuan and yen.
Euro, EUR/USD, Technical Analysis, Retail Trader Positioning – IGCS Update Euro on course for a 6th consecutive weekly loss Retail traders are maintaining their bullish bets EUR/USD faces rising support from November Recommended by Daniel Dubrovsky Get Your Free EUR Forecast The Euro is on course for a 6th consecutive weekly loss against the US
SUMMARY & TALKING POINTS Fed policy makers continue to grapple with inflation/labor dynamics. Rates markets eye May/June for first rate cut. Extreme levels present on USD & S&P 500. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter CENTRAL BANK FUNDAMENTAL BACKDROP
Good evening. Today I traded according to the signals of my indicator. Trading the NZDUSD pair on the M5 timeframe. Great result, today I earned $ 31. Buy signal: up arrow. If there are open sell positions, they need to be closed. Sell signal: downward arrow. If there are open buy positions, they need to be closed. There are situations when several
© Reuters. FILE PHOTO: Representations of cryptocurrencies are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration/File Photo NEW YORK (Reuters) – Cryptoassets, peddled as the future of finance, have not only failed to deliver on their promise but are themselves adding to financial risks in developing economies, according to a paper from the Bank
