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WTI Price Analysis: Bulls eye $48.00, recovery moves need validation from 200-HMA

WTI keeps bounce off $47.25, regains 61.8% above Fibonacci retracement. Recovering RSI, break of immediate resistance favor oil buyers. WTI recovers Monday’s losses while picking up the bids around $47.85, up 0.86% intraday, during Tuesday’s Asian session. In doing so, the oil benchmark bounces back
Trading Counter Trend Price Moves - Looking For Clues. #tradingskill##BeginnerTrader##NewTraders#

Where Did You Gold? - Gold Records Biggest Daily Gains Since April

Illustration photo of Gold Price H4 Chart from Investors turned to gold as the U.S. dollar fell due to rising concerns over COVID-19. According to John Hopkins University, the coronavirus recorded 85 million infected cases globally, with 1.85 million casualties. Investors are zeroing i

Dollar gets respite as virus surge, Georgia runoffs curb risk sentiment

TOKYO (Reuters) - The dollar found support as concerns about surging COVID-19 cases and uncertainty about U.S. runoff elections in Georgia fueled demand for safer assets. The greenback held gains from overnight in early Asian trading on Tuesday after U.S. stocks retreated from record highs at the st

Stocks higher on vaccine progress, oil steady

US equities higher on expectations of further stimulus US stocks are aiming for fresh record highs as stimulus payments arrive at American bank accounts and after the UK signed off on the COVID vaccine from AstraZeneca and the University of Oxford. Risk appetite remains unfazed to the current dark p

Coronavirus update: Germany set to extend coronavirus lockdown beyond January 10

Authorities from Germany’s 16 states agreed on a conference call over the weekend to extend restrictions, Reuters reports, citing an article by the Frankfurter Allgemeine Sonntagszeitung. Germany is likely to extend a national lockdown beyond January 10 to curb the unabated rise in the coronavirus c

Taiwan Stock Market May Be Stuck In Neutral On Monday

Ahead of the long weekend break for New Year's day, the Taiwan stock market had finished higher in back-to-back trading days, advancing more than 260 points or 1.9 percent along the way. The Taiwan Stock Exchange now sits just above the 14,730-point plateau although it may run out of steam on Monday

Oil prices slip after OPEC warns of downside risks to demand in first-half 2021

SINGAPORE (Reuters) - Oil prices edged lower on Monday, the first day of 2021 trading, ahead of a meeting of OPEC and allied producers to discuss output levels for February with fears for first-half demand seeping into the market as the coronavirus pandemic lingers. Brent crude for March was at $51.

EUR/USD retreats further from multi-year tops, slides to 1.2260

EUR/USD witnessed some profit-taking amid year-end thin liquidity conditions. A bearish sentiment around the USD should help limit any corrective pullbacks. The EUR/USD pair edged lower during the second half of the European session and dropped to fresh session lows, around the 1.2260 region in the

U.S. stocks in 2020: A year for the history books, in charts

NEW YORK (Reuters) - The year 2020 was a wild one for Wall Street, bookended by the end of the longest bull market in history with the battering of equities by the COVID-19 shutdowns, and a bungee-cord rebound on hopes for economic recovery that resulted in the shortest bear market on record. After

Talk of the Week: What Are This Week's Hottest Topics?

Hey traders, we hope you had a great week! This week, these were some of the hot topics raised by FOLLOWME's users in line with the market sentiment, let’s see if you are on the same page: #marketoutlook2021# - Jens Weidmann, the European Central Bank (ECB) Governing Council member an

USD/CAD flirts with two-week lows, below mid-1.2700s

USD/CAD edged lower for the fourth consecutive session on Thursday amid sustained USD selling. The prevalent upbeat market mood was seen as a key factor weighing on the safe-haven greenback. Crude oil prices consolidated recent gains to multi-month tops and did little to influence the loonie. The US

PBOC sets yuan reference rate at 6.5249

The People's Bank of China (PBOC) has set the yuan reference rate at 6.5249 versus the previous day's level of 6.5325. Ahead of the release, Reuters expected 6.5228 level for today while Bloomberg eyed 6.5238 from its latest survey. The Chinese central bank also infused 80 billion yuan via 7-day rev

US dollar grinds lower

US dollar retreat continues The US dollar continued to beat a modest retreat overnight, weakening across the board versus G-10 and Asian currencies. The dollar index fell 0.38% to 90.00 and has fallen by 0.25% this morning to 89.76. Today’s fall has left the dollar index testing support at 89.75. A

Tiffany shareholders back LVMH takeover, ending long-drawn dispute

(Reuters) - U.S. jeweler Tiffany & Co’s shareholders on Wednesday approved a $15.8 billion deal with France’s LVMH, ending an acrimonious dispute between the two luxury retailers that had stretched for more than a year. At a virtual special stockholder meeting, more than 99% of votes cast were i

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