April started with a bang. The market is showing some considerable signs of increasing volatility, which could be quite sudden some of the times, not to mention surprising. Over the past few weeks there’s been a series of events, some of them caused by geopolitics, others caused by trading relations uncertainty, and others caused by techno...
March was a roller-coaster month for the markets. Sentiment and themes flipped repeatedly, especially with flows dominating the final days of the month as the end of quarter loomed. The British pound was the top performer of the month, while the Swiss franc and Australian dollar lagged. In the quarter, the Japanese yen led the way, while the ...
Crude Oil (WTI) seems to be running out of steam and the charts are pointing towards the possibility of bulls exhaustion signs. From a technical stand-point, WTI could be preparing for another wild swing as it is trading within the vibration levels range. Crude Oil (WTI) – 4H Chart Charting & Technicals: Harmonic AB=CD Patt...
Frequent fluctuations in oil prices have made many people think about ways to buy and sell oil and potentially make some profit for themselves. But does that mean that you need to buy and hoard oil barrels to be able to sell them when the prices rise? Well, no, since you can be trading oil via futures trading, which allows traders to buy and sel...
Inventory Data Driving Price Crude Oil prices stabilised today as the latest data from the American Petroleum Institute showed an unexpected US crude stocks dip, with barrels in warehouses sliding by 1.05 million over the last week. Following the recent rise in crude inventories, analysts had been forecasting another 3 million + build, so the ...
As we advised last week and as we can see from our previous chart; Crude oil managed to break above the resistance level of 62.60. Here the market may have a chance to sustain any advances made as the next resistance level lies at the 66.00-60 zone. From that zone and as long as market keeps trading below the 66.60 point, there is a chance fo...
Oil prices have now broken out to levels not seen since summer 2014 and market participants are now questioning whether the move has further to go or if a correction lower is in store. So what are the forces that are driving crude oil price action? Crude Oil Inventories Falling One of the key factors driving crude oil price has been ...
Now we are well and truly into 2018, Orbex would like to have a quick recap of the Most Popular Trades of 2017. The World Bank had projected a growth rate of 2.7% for the global economy at the start of 2017, while expressing concerns about political instability in the developed economies. Developments in the US economy, which is the world’...
Lost in the noise of Friday’s hurricane-ridden US jobs report was another strong report from Canada. Canada is the miraculous nation, who has yet to witness a real-estate crash after emerging unscathed from the 2008-2009 market crisis. Its central bank has also raised interest rates two years after an oil-recession. On Friday Canada’s labour ma...
Southern US Damage By Storms Oil prices fell at the end of last week as severe weather disruptions in the US threaten to deepen the supply glut that has weighed on prices over the last few years. Hurricane’s Harvey and Irma have devastated large parts of the Southern US including Texas and South Carolina meaning there will be a large downshift ...
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