Crude has extended its sell-off as demand risks loom ahead of OPEC+’s meeting on November 26. We look at the drivers of oil prices and the key technical levels of WTI Crude.
The US dollar weakened notably following the latest CPI data, showing a larger-than-expected dip to 3.2% in October. This decline, the first in four months, sparked a surge in AUD/USD on Tuesday, pushing prices back into a crucial resistance zone established since August (see daily candle chart below).
Welcome to our four-part Strategy Smarts series designed to give you some practical trading templates which build on the concepts outlined in our Day Traders Toolbox and Power Patterns series. Today’s piece centres around Trend Days; what they are, how to spot them early and most importantly, how to trade them consistently.
Apple's share price has rallied since the release of their recent financial results on 2nd November, despite certain concerns over growth in China.
Oil has tumbled as demand concerns build. We look at the drivers of oil prices and the key technical levels of WTI Crude.
Over the past month, EUR/USD has been in 'mean reversion mode,' characterised by price consolidation within a turbulent ascending channel. The erratic and unpredictable nature of this price channel reflects the mixed signals emanating from the ECB.
GBP/JPY aims to break higher but faces strong resistance
Welcome to our four-part Strategy Smarts series designed to give you some practical trading templates which build on the concepts outlined in our Day Traders Toolbox and Power Patterns series.
Since the start of the conflict in Gaza gold has rallied a whopping 10%, reflecting investor demand for its safe-haven attributes during times of heightened global geopolitical tensions.
Gold prices have declined despite a drop in Treasury yields and a weaker US Dollar. We look at the key drivers and technical levels for the gold price.
Crude prices have rebounded following the Fed’s “dovish hold”. We review the key drivers and technical levels for WTI Oil.
Apple will deliver its Q4 earnings after the closing bell on Thursday, November 2, 2023. We preview what the markets are expecting heading into the results.
BP (BP.) Financial Snapshot: BP reported a significant drop in third-quarter profits, with underlying earnings totalling $3.3 billion, down from $8.2 billion in the same period a year earlier.
Central Banks Tread Carefully: Fed and BoE Expected to Maintain Interest Rates
Markets have no doubt that the Fed will keep its rate unchanged despite stronger GDP data