CRUDE OIL PRICE OUTLOOK Oil prices fall for the second day in a row, but the fundamental outlook remains constructive Geopolitical tensions in the Middle East continue to be supportive of some energy commodities This article looks at the key technical levels for oil to keep an eye on in the coming days Trade Smarter
Advantages of Using RSI in Forex The popularity of RSI as a forex indicator is a product of its distinct advantages as a research and evaluation tool. Top benefits of using RSI include: It utilizes a simple mathematical formula. Unlike other technical indicators, the math behind RSI is simple enough that traders could do it by
RSI INDICATOR EXPLAINED – WHAT IS THE RSI INDICATOR? The “Relative Strength Index”, or “RSI”, indicator is a popular member of the “Oscillator” family of technical indicators. J. Welles Wilder created the RSI in order to measure the relative changes that occur between higher and lower closing prices. Traders use the index to determine overbought
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© Reuters. The South African rand experienced a significant downturn this Tuesday, continuing a week of losses driven by a robust U.S. dollar and increasing U.S. Treasury yields. The currency traded at 19.2525 against the dollar, marking a 0.2% drop from its previous close. Monday saw the rand slump by approximately 1.5%, weighed down by
© Shutterstock HSBC has projected an upward trend for the US dollar (USD) against the Euro (EUR) and British Pound (GBP), as reported on Thursday. This forecast is driven by factors such as “US exceptionalism”, potential government shutdown, autoworker strikes, a temporary dip in USD strength, and high yields. The unique balance of growth and
Share: Oil (WTI) slides lower and starts flirting with first important support near $88. The US Dollar value keeps increasing as markets price in a possible persistent rate differential between USD and other currencies. Higher Oil prices have negative implications even for Oil producers. Oil prices drop for a second day in a row,
© Reuters. Investing.com – The U.S. dollar edged higher, just below the recent six-month high, making a steady start to the new week as traders digested last week’s series of central bank interest rate decisions. At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded
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
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