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OPEC’s Barkindo: OECD commercial stocks well above latest five-year average in Q3 2020
The Organization of Petroleum Exporting Countries (OPEC) Secretary-General Mohammad Barkindo said, in remarks at the G20 Energy Ministers virtual meeting, the OECD commercial oil stocks could stay well above the five-year average in the third quarter of this year, courtesy of a potential market bala
US election risk may push gold to record high before the year-end - Citigroup
Gold could hit a record high above $2,075 before the end of 2020 on the back of uncertainty surrounding the US elections, analysts at Citigroup Inc. warned on Wednesday, according to Bloomberg.
Key points
The precious metals market is underpricing prospects of the US election outcome delay.
The b
WTI Crude Oil Weekly Forecast
This/Next Week Forecast (September 21 - 25, 2020)
Uptrend scenario The uptrend may be expected to continue, while market is trading above support level 40.35, which will be followed by reaching resistance level 43.00 - 43.75 and if it keeps on moving up above that level, we may expect the market to
NZD/CAD ULTI-TIMEFRAME ANALYSIS (Price Action)
#NZD/CAD#
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of y
EUR/USD Price Analysis: Struggles to extend Thursday’s bounce, charts lean bearish
EUR/USD trades near 1.1870, having defended 1.18 on Thursday.
Daily chart continues to show a bearish divergence of RSI.
EUR/USD is struggling to extend Thursday’s bounce from 1.18 to 1.1868 amid bearish developments on short duration technical charts.
To start with, the hourly chart shows a bear
GBP/CAD Price Analysis: Attacks 1.7300 on the break of monthly support line
GBP/CAD refreshes intraday low following its failure to extend previous day’s bounce off 1.7296 beyond 1.7332.
Bearish MACD, sustained break of short-term support line favor sellers.
Bulls may wait for fresh weekly high before taking entries.
GBP/CAD bounces off the recently flashed intraday low of
Gold Price Analysis: XAU/USD slips below $1,950 despite mixed sentiment
Gold fails to keep bounces off $1,929.66, extends Friday’s losses.
S&P 500 Futures rise 0.30% but Japan’s Nikkei 225 and Australia’s ASX 200 drop.
US policymakers to reconvene the House Session later this week.
Sino-American trade review delayed, Japan’s GDP slumped the most since 1980.
Gold pr
Bitcoin Has Held Over $10k for Nearly Two Weeks: What Happens Now?
Photo: FM
So far, this year has been a big one for Bitcoin: after a spectacular price crash in March, BTC managed to hold levels between $8,500 and $9,800 for nearly three months, occasionally kissing $10,000. Never before had Bitcoin managed to sustain something so close to $10,000 for such a lon
CFTC Approves Final Rule on Cross-Border Applications of Swaps
Photo: FM
The Commodity Futures Trading Commission (CFTC) has approved a final rule on the cross-border application of certain swap provisions, the United States regulator announced this week.
In particular, the CFTC approved a final rule on capital requirements for swap dealers and major swap par
Finablr Selects Skadden to Investigate Potential Wrongdoings
Photo: iStock
There has been a development with the Finablr PLC situation, with the company announcing this Wednesday that it has appointed Skadden Arps Slate Meagher & Flom (UK) LLP as lead counsel.
According to a statement filed through the London Stock Exchange (LSE), the United Kingdom-bas
Asian stock market: ASX 200 turns positive as Chinese equities rally 3%
Asian shares track surge in Chinese blue-chips amid hopes of further stimulus.
Upbeat Aussie data add strength to the market’s optimism.
Coronavirus woes, US-China tussle continue to guard the optimism.
Asian equities print welcome start to the week while taking the bids during the early Monday. Th
Market Turning Points
Current Position of the Market
SPX: Long-term trend – Having rallied well past a .618 retracement of the decline into March 2020, it is time to consider the possibility that the retracement was only an interruption of the bull market which originated in 2009.
Intermediate trend – Down into mid-July
ASIC to Publish Guidance on Product Intervention Measures in June
Photo: FM
The Australian Securities and Investments Commission (ASIC) announced this Thursday that further guidance on how it will use its product intervention powers will be published in June of 2020.
In its revised timetable of ongoing work, ASIC said that it will publish a regulatory guide in J
Pull-up Update