OPEC

USD Declines Further The US Dollar Index failed to break above 101.70 resistance area this week, moving per our plan mentioned in our previous reports earlier this week. The Index slides back all the way to 100.80’s earlier this morning,…
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Abdalla Salem El-Badri, Secretary General of OPEC. Since the beginning of the year, Crude Oil prices has been trading within a sideways trend. WTI is trading between $51 and $54, while Brent is stuck between $54 and $57, New with no clear…
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Since the announcement of the OPEC deal in December, there are no doubts that Crude Oil prices have stabilized, including Brent Crude and WTI Crude. However, since the beginning of the year, the prices have been trading within a tight…
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Crude oil futures contracts for February maintained its bullish momentum as price edged higher towards $53.77 on Tuesday before giving up some of the gains but still closing with gains at $53.51. The bullish close comes after prices closed…
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Critics, who thought that the OPEC meeting yesterday would be a deal to have no deal, were in for a surprise as the 14-nation OPEC announced that it would cut oil production. Oil prices maintained strong gains from the European session,…
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The big day for Crude Oil has finally arrived. OPEC members will hold a meeting in Vienna today to discuss the possibility to cut and/or freeze crude oil production as an attempt to stabilise the markets. However, there are many factors…
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Frosinone, Italy - November 8, 2016 - The election campaign of Matteo Renzi for the constitutional referendum This week, OPEC's bi-annual meeting in Vienna will take the center-stage for the markets as traders await the decision from the…
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During the Asian session, the US Dollar had a blast, rising to its highest level since 2003 against all major currencies, as the Federal Reserve Chair Yellen kept the door open for a rate hike in December. The Index is currently trading…
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In today’s article, we will talk about what so-called “Gold/Oil Ratio,” what does it mean, who uses it, which assets classes that has a correlation with this ratio and how can you use it to predict some market movements. What Does the Gold…
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The global community is shocked by the victory of Donald Trump, so does the global markets, including commodities, which had a notable increase in volatility since the beginning of the elections until today. It might be easy for traders to…
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