Crude Oil Price, News Analysis and Charts Hurricane Michael weighs on production. US sanctions on Iran kick-in on November 4. The DailyFX Q4 Oil Forecast is available to help traders navigate the market. Oil Jumps Higher The price of US crude oil jumped by nearly 1.5% to $84.78/bbl. in early trade on a one-two of …
Market sentiment news and analysis: Trader sentiment is waning in global markets. It could be merely a correction but there is a possibility of a further move downward in the prices of stocks and government bonds. Check out the IG Client Sentiment data to help you trade profitably. Trading sentiment weakens Investors are continuing to …
Talking Points: – The reopening of the US bond market following yesterday’s holiday has seen fresh highs for US Treasury yields across the board. – Another push higher by Italian BTP yields has dragged EUR/USD below 1.1450. – Retail traders continue to look to sell the US Dollar, which bodes well for its near-term outlook. …
US Dollar Talking Points: – The US Dollar has moved up to a fresh seven-week-high as selling in the Euro has remained prominent upon the open of a new week. EUR/USD is pulling back from a fresh seven-week-low as worries around Italy continue to permeate through global markets, and European stocks have taken a nasty …
Gold Talking Points Gold prices are under pressure even as the International Monetary Fund (IMF) reduces its global growth forecast, and the current environment may continue to sap the appeal of the precious metal especially as the U.S. dollar appreciates against most of its major counterparts. Gold Price Range Vulnerable to Fresh Series of Lower …
GBP/USD carves monthly opening range just below slope resistance- breakout pending Check out our 3Q projections in our Free DailyFX GBP/USD Trading Forecasts Join Michael for Live Weekly Strategy Webinars on Mondays at 12:30GMT The British Pound recovered off the August support line with prices now threatening yearly down-slope resistance early into the start of …
Australian Dollar Talking Points AUD/USD extends the rebound from earlier this week as there appears to be a growing dissent within the Federal Reserve, and recent price action raises the risk for a large recovery as the exchange rate initiates a series of higher highs & lows. AUD/USD Rate Forecast: Rebound Takes Shape as Bearish …
Asia Pacific Market Open – US Bond Yields, US Dollar, IMF, USD/JPY, Brexit General risk aversion reversed course as US government bond yields tumbled after holiday The US Dollar pared gains as AUD/USD and NZD/USD rose. GBP higher on Brexit latest IMF GFSR can echo concerns from world economic outlook, interrupting gains in stocks next …
Asian Stocks Talking Points: Asian stocks lacked midweek direction thanks to a shortage of new cues Investors were still digesting the IMF’s global growth downgrade and Donald Trump’s latest comments The US Dollar retreated a bit further against the majors Find out what retail foreign exchange investors make of your favorite currency’s chances right now …
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