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WTI Crude Oil Pulls Back From Multi-Month Highs

Oil prices rose to multi-month highs on Monday in anticipation of the OPEC+ meeting. Furthermore, tensions in the Middle East also added to the bullish fundamentals. Prices rose to highs of 48.97 before giving back the gains. For the moment, oil prices remain consolidated near the current levels bet

LCX.com Starts Crypto Exchange with Bitcoin and Ethereum

Photo: FM When Bitcoin prices are setting new records, the Liechtenstein Cryptoassets Exchange, popularly known as LCX.com, has launched its digital currency exchange services. The platform is regulated and in compliance with local Liechtenstein regulations. Announced on Tuesday, the new exchange wi

Malaysia Bourse May Extend Losing Streak

The Malaysia stock market has finished lower in two straight sessions, tumbling more than 40 points or 2.5 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,600-point plateau and it may take further damage on Tuesday. The global forecast for the Asian markets is soft

Profit Taking Contributes To Sharp Pullback On Wall Street

After failing to sustain an initial move to the upside, stocks moved sharply lower over the course of the first trading day of the New Year on Monday. With the pullback, the major averages partly offset the strong gains posted during a turbulent 2020. The major averages climbed well off their worst

EUR/USD risks a correction lower in the very near-term – UOB

EUR/USD faces a potential leg lower although solid support emerges at 1.2200, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “We expected EUR to ‘consolidate within a 1.2200/1.2280 range’ yesterday. However, it rose to a high of 1.2309 before retreating quickly. The underlying tone

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

Illustration photo of Gold Price H4 Chart from economies.com 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

What will the US dollar ring in for 2021?

The fate of the U.S. Dollar will weigh heavily on the future of the precious metals in 2021. At first glance, the USDX’s prospects look rather bleak in the first months of the year, but as the pages of the book turn, the dollar’s likely later ascension could prove rather bearish for gold and the PMs

Tesla shares set to start 2021 at record high

(Reuters) - Tesla Inc shares were set to open at a record high on Monday after the electric-car maker reported better-than-expected vehicle deliveries in 2020, extending a meteoric rally that has seen the stock surge more than 700%. It delivered 499,550 vehicles last year, above Wall Street estimate
Gold Oil

USD/BRL Forecast: January 2021

After touching a low of nearly 5.0000 on the 15th of December, the USD/BRL has incrementally trended higher as December gets ready to come to a close. Before the upward trend developed, however, the USD/BRL did enjoy a solid bearish run lower which started at the end of October. A high of nearly 5.8

Broctagon Prime and FXCubic Announce New Multi-Level Partnership

Broctagon Prime, the liquidity arm of Broctagon Fintech Group, will be added to FXCubic’s pool of liquidity providers. This will allow the liquidity provider to leverage on FXCubic’s pricing, trading, and aggregation tools. This multi-level partnership is certainly one that will enhance value for bo

Gold Forecast: Market Respects Same Resistance Area

The gold markets tried to rally during the trading session on Monday in what would have been very thin trading. It looks as if the $1900 level has offered significant resistance, and then turned around to form a shooting star. The shooting star sits on top of the 50-day EMA, so we need to pay attent

S&P 500: The Bias Remains Bullish

Pivot (invalidation): 3722.00 Our preference Long positions above 3722.00 with targets at 3745.00 & 3760.00 in extension. Alternative scenario Below 3722.00 look for further downside with 3704.00 & 3690.00 as targets. Comment The RSI is bullish and calls for further upside.

Sensex, Nifty hit record high as lenders jump

BENGALURU (Reuters) - Indian shares hit another record high on Tuesday, extending their rally backed by foreign inflows, with private-sector lenders gaining the most due to an improving economic outlook. The NSE Nifty 50 index was up 0.57% at 13,953.10 by 0354 GMT, while the S&P BSE Sensex was 0


Photo: Liteforex Overview Lite Forex was conceived in 2005 with a major aim of making it the best by focusing on small-scale traders. It offered very flexible trading conditions during its conception period and it came up with the cent account. In this setup, traders were allowed to make a minimum d

Pull-up Update