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Oil Markets Outlook: Supply is acceptable. Demand is the worry.

Lifeless Crude Prices  I’d like to briefly thank everyone who attended the Black Gold: Trading Like a Pro webinar and acknowledge that for many of us who make a living – or at least supplement our cash flow – from trading in the oil market, it’s been a tough grind of late! But, as I tried to stress


#AUD/USD# AUDUSD is stuck on the supply area and forms Rising Wedge Pattern, possibly it will go down to the demand area.

USD/JPY: On a slippery ground towards 105.00, refreshes monthly low ahead of Fed

USD/JPY drops to the lowest since August 28 as Japanese trade numbers please Yen buyers. Japan’s Merchandise Trade Balance Total beat forecast and prior, Exports also recover in August. The pre-Fed risk reset takes clues from trade jitters and virus updates amid a light news feed. USD/JPY extends t


#GBP/USD# Ending 7 day Up trend From last week comes coming to an end expecting next week to begin the push downwards in line with our forecast for the next few weeks Up trend from last week has exhausted at its third burst and has fallen through its trend line This indication of r

Crude Oil Futures: Consolidative mood remains well in place

CME Group’s flash data for Crude Oil futures markets noted open interest and volume extended the downtrend for yet another session on Wednesday, shrinking by nearly 7K contracts and by around 18.9K contracts, respectively. WTI still capped by $44.00 There is no change in the broad consolidation them

Plus500 Becomes Main Sponsor of Italy’s Atalanta B.C. Football Team

Photo: FM Plus500 has announced yet another sports sponsorship this Wednesday, with the London listed broker announcing that it has signed an agreement with Italian football team Atalanta Bergamasca Calcio to become its sole and exclusive sponsor. Under the agreement announced today, Plus500 will

Australian Dollar jumps back through 0.72 as US weakness resumes

AUD - Australian Dollar The Australian dollar surged back through 0.72 US cents through trade on Monday, lead higher following a jump in equities and an improvement in risk sentiment. Having struggled to break above 0.7170 through much of the domestic session the AUD rallied overnight touching intra

Yen Rebounds as Treasury Yields Retreat, Dollar Stays Pressured in Range

Yen rises broadly today as global treasury yields appear to be turning south. In particular, US 10-year yield is back below 0.7 handle in pre-markets. Dollar is pressured but holds on to recently established range. But overall markets are mixed with major European indices bounded in tight range. Aus

Nasdaq Reports 12% Jump in Q2 2020 Revenue

Photo: Bloomberg Nasdaq has announced the financial results for the second quarter of 2020, showing a net revenue of $699 million – a jump of 12 percent compared to the $623 million it reported the previous year for the same quarter. The index provider highlighted that it witnesed a 22 percent of

When are the UK CPIs and how could they affect GBP/USD?

The UK CPIs Overview The cost of living in the UK as represented by the Consumer Price Index (CPI) for June month is due early on Wednesday at 06:00 GMT. Considering the pair’s recent upward trajectory, in contrast to the increasing odds of BOE’s rate cut, the inflation numbers will be the key for G

Russia's Novak: No decisions on OPEC+ deal change yet

Russian energy minister Alexander Novak noted on Thursday that they haven't yet made any decisions on possible changes to the OPEC+ oil output cut deal. "According to the current deal, we will see the easing of oil cuts from August," Novak added and reiterated that a second wave of coronavirus could

GBP/USD Forecast: Will Boris' boost lift the pound? Five reasons to doubt it as the pair trends down

GBP/USD has been trying to recover as markets stabilize and PM Johnson promises stimulus. Coronavirus concerns, Brexit, and pricing in of the plan may trigger another fall. Monday's four-hour chart is pointing to the downside. Another Boris boost? Markets expected a boost in investment after the la

WTI Price Analysis: Oil prices fall back below $38

WTI is erasing overnight bounce amid risk-off tone in the global markets.  Oil's daily chart shows a bearish reversal pattern. Oil is feeling the pull of gravity alongside losses in equities and increased haven demand for the US dollar, gold, and yen.  West Texas Intermediate (WTI) crude, North Ame

NZD/USD Outlook (24 June 2020)

#NZD/USD# Overall, NZD/USD is trending upwards. Earlier today, the Reserve Bank of New Zealand (RBNZ) held interest rate unchanged at 0.25%. The central bank has decided to continue with the Large Scale Asset Purchase (LSAP) programme at the current quantum of $60 billion aimed at

When is the Aussie jobs report and how could it affect AUD/USD?

Overview Australia will release employment numbers for May at 01:30 GMT on Thursday and forecasts call for a smaller decline in jobs in compared to April.  The economy is expected to have shed 125K jobs in May following April' 750K decline. Even so, the jobless rate is seen rising to 7% from 6.2%. A

Pull-up Update