EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 2k contracts to take the total position to 34k contracts. EUR has now been net sold for each consecutive week over the last month as the market has adjusted its view in line with the ECB’s declaration that rates will be on hold until at least summer 2019. ...
Crude oil prices were in for a bumpy ride last week, as surprising comments from Saudi Arabia helped to keep the bullish momentum going. Oil prices were already surging strongly earlier in the week following tensions surrounding Syria and the attempted missile strikes against Riyadh. While the markets at large brushed aside the weekend airstr...
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...
The Organization of Petroleum Exporting Countries or OPEC meet this week on November 30 in Vienna, Austria for the 173rd OPEC meeting. The event will see Russia, the largest non-OPEC nation joining hands with Saudi Arabia in deciding about extending the production cuts. OPEC first agreed to curbing production in 2016, marking the first oil cu...
Oil traders are on the sidelines as the markets edge closer to the November 30th OPEC meeting. Oil ministers of the OPEC member nations will meet in Vienna next Wednesday, November 30, 2016, where a deal to cut oil production is high on the agenda in a bid to stabilize oil prices. It would also formalize the informal agreement to limit productio...
Saudi's Minister of Energy and Industry, Khalid Al-Falih. Image via World Economic Forum Crude oil futures contracts rallied to a fresh yearly high yesterday closing at $51.42 a barrel. The gains came for a second consecutive day after the API's inventory report showed a surprise draw of 3.8 million. Analysts had expected to see a build of 2.1 ...
Crude oil prices posted three straight weeks of gains reversing off the lows near $43.40 and thus marking the completion of the head and shoulders pattern that the readers were first alerted to back in August. The current rally in oil prices is well supported by the fundamentals. The EIA's weekly crude oil inventory report showed 5 weeks consec...
Last week’s decisions by some of the major central banks saw the status quo being maintained. Garnering more than the usual share of attention were the BoJ and the FOMC. While the BoJ’s policy changes perplexed markets briefly, the FOMC’s decision was largely a known event as the Fed opted to keep rates steady but maintained that the case for fu...
Crude oil futures contracts for October delivery closed at $44.85 a barrel yesterday, losing over 3.30% on the day as the US Energy and Information Administration (EIA) data showed a second consecutive week of build-up in US crude oil inventories. After inventories increased by 2.5 million barrels two weeks ago, the week ending August 26 saw a...
Crude Oil prices are heading to a very bearish week with prices currently down by over 7.50% on a week to date basis. After closing last week at $49.18 a barrel, WTI Crude oil futures opened this week slight lower at $49.12 and after a brief rally to fill the weekend gap, prices extended their declines for the most part of the week, save for a m...
Trading CFDs Involves high risk of loss
Get detailed forex market news and exclusive updates
Four Forex Lessons From Jumanji
2016-07-08
John Benjamin
Famous Traders and Their Strategies: Episode 3 - Bill Lipschutz
2016-07-08
John Benjamin
Top Trading Tips From Market Legend Ed Seykota
2016-07-08
John Benjamin
