Crude Oil WTI

The Federal Reserve Bank held its monetary policy meeting yesterday. As widely expected, the central bank cut the Fed funds rate by a quarter basis point to 1.50% - 1.75%. In its widely watched monetary policy statement, the central bank…
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The current structure on crude suggests that we are on a primary double zigzag Ⓦ-Ⓧ-Ⓨ formation.  Waves Ⓦ and Ⓧ  are complete but wave Ⓨ is still under construction. Wave Ⓨ consists of intermediate sub-waves (W)-(X)-(Y), where (W) and (Y)…
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Trading was rather subdued amid a lack of any fundamentals or major global themes. The Brexit saga continues, but the impact is limited to the pound sterling. Data from the US was mostly second-tier. The Richmond Fed manufacturing…
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Risk appetite rose early on Monday on headline news surrounding Brexit and the US-China trade war. The focus for the rest of this day's trading session will be on two main points. The first is on Johnson's "meaningful" vote request. …
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Equity markets are back in the green as risk appetite slowly takes hold. Progress on the US and China trade talks is keeping optimism alive. China’s Vice Premier Liu He said that he will work with the United States to address each…
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The dollar index fell for the third consecutive day, with price falling to a two-month low. The declines come amid a weak patch of economic reports. The US-China trade talks also did not offer any fresh news for investors. As a…
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The trade talks between the United States and China produced some positive headlines. This brought back optimism into the markets which have been flip-flopping in response to the developments. President Donald Trump confirmed that there…
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Equity markets rose on Wednesday after reports emerged that China was open to a partial US trade deal. The comments come amid China asking the US to remove the 28 entities from the blacklist. It is likely that the markets will continue to…
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Reports emerged on late Friday that the US was considering blocking investments in China. The deliberations which are not yet finalized are aimed at restricting US investments in China’s markets. A lack of regulatory oversight was cited…
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