OPEC

Crude Oil ignores comments from Saudi Oil minister and weekly inventory buildup but volatility likely to persist. Crude Oil prices continued with the volatile swings ignoring the weekly build up in US Crude Oil inventory as well as…
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WTI Crude Oil prices could target $26 - $25.5. OPEC report paints a grim picture. The rally in Oil prices last week were short lived as WTI Crude Oil broke the crucial 30 - 29.5 support level, which marked the head and shoulders pattern…
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Crude Oil (WTI) is keeping its bearish trend, after posting 12-year lows last Thursday over the widespread concerns regarding the Middle East and China’s economic evolution. On the NYME (New York Mercantile Exchange), West Texas…
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Japan’s final GDP (Gross Domestic Product) figures were released yesterday, showing an expansion in the economy for the third quarter of this year, thus the recession from previous estimates being avoided. The major factors for that helped…
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Friday came with the publication of ABS’s (Australian Bureau of Statistics) latest data which showed an increase in the retail volumes with 0.5% in October, after September’s 0.4% rise, the figures matching the forecasts. Trend estimates…
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Wednesday’s schedule was booked majorly by the US data releases regarding several important economic indicators. The Commerce Department’s report showed a boost in the corporate spending for the month of October, while household spending…
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The publication of the NFP report was the long awaited evidence that the US economy is able to get out of the struggle from the first quarter. Together with the 280k NFP, the Unemployment Rate increased to 5.5% (representing the number of…
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The EURUSD ascending tendency is still in place as several factors are frequently changing the traders’ options. The euro has gained momentum until yesterday at noon. Traders manifested a new episode of trust in the Greek negotiations, but…
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The Swiss Franc, Canadian dollar and American dollar were all affected by the weak reports of the GDP.
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Although the situation is tensed, it seems that the euro does not want to perceive anything else but the positive rumors from the Greek-European negotiations. Every EURUSD correction of the downtrend is made by hungry traders and the rising…
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