Share: Oil prices are likely to settle around $80/bbl, strategists at ANZ Bank report. Saudi Arabia may extend cuts as Oil market tightness eases Tightness in the Oil market has eased as growth in non-OPEC supply has more than offset strong demand. A balanced Oil market now remains reliant on production cuts being
WTI crude is up $2.94 to $75.84 as it has nearly erased yesterday’s sharp decline. The latest positive news is a sources report saying that Saudi Arabia is highly likely to extend its voluntary cut “at least until the spring”. The next OPEC meeting is Nov 26. Saudi Arabia has around 3 million barrels per
Share: GBP/USD Price Analysis: Hovers below 1.2400 backed by 38.2% Fibonacci retracement GBP/USD extends losses on the second consecutive day, trading lower around 1.2390 during the Asian session on Thursday. The 1.2350 major level emerges as the key support, following the next support around the psychological level at 1.2300. A break below the
Article by IG Senior Market Analyst Axel Rudolph FTSE100, DAX 40, S&P 500 Analysis and Charts FTSE 100 rallies on softer US and UK inflation The FTSE 100 is on track for its third consecutive day of gains on softer US and UK inflation with the early November high at 7,484 being retested. Further up
Article by IG Chief Market Analyst Chris Beauchamp Dow Jones 30, DAX 40, Nasdaq 100 Analysis and Charts Dow fails to build on Wednesday’s recovery The index rallied off its lows yesterday, after heavy losses on Tuesday and Wednesday.Bulls now need to push the price back on above 33,230 to indicate that a low might
© Reuters. South Korea is gearing up to implement substantial modifications to its foreign-exchange (forex) trading regulations with the aim of invigorating its money market, announced the Ministry of Economy and Finance on Tuesday. The revised regulations, set to take effect from October 4, 2023, are anticipated to more than double the daily trading hours
Gold, Retail Trader Positioning, Technical Analysis – IGCS Update Gold prices extend losses in the aftermath of the Fed Retail traders are increasing their upside exposure This is a sign of more pain to come from XAU/USD Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Gold prices fell about -0.6 percent over the past
Brent Crude, WTI Oil News and Analysis Announcement of extended production cuts reignites bullish momentum Bullish catalyst attracts lofty price targets for Brent and WTI Overheating concerns appear with the RSI entering overbought territory The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our
Crude Oil, WTI, Retail Trader Positioning, Technical Analysis – IGCS Commodities Update Crude oil prices extend gains from last week More retail traders are becoming bearish Will positioning hint at WTI clearing resistance? Recommended by Daniel Dubrovsky Get Your Free Oil Forecast Crude oil prices extended higher over the past 24 hours, continuing a near-term
Australian Dollar, AUD/USD, Technical Analysis, Retail Trader Positioning – IGCS Update Australian Dollar gains most since end of July Retail traders started unwinding bullish bets Will AUD/USD extend higher from here? Recommended by Daniel Dubrovsky Get Your Free AUD Forecast Over the past 24 hours, the Australian Dollar soared 0.9 percent against the US Dollar,
