Bloomberg (gated) has the report of remarks from Saudi Arabia's Prince Abdulaziz bin Salman at an Arab-China business forum in Riyadh.on Sunday:Saudi Arabia and its OPEC+ allies are trying to combat “uncertainties and sentiment” in the oil marketThe translation of...
Goldman Sachs slashed its December Brent forecast to $86 /bbl (from previous estimate $95)
Goldman Sachs had been persistently amongst the most bullish of analysts for oil prices. Its now issued its third downward revision of its Brent forecast in the last six months.Dropped its Brent forecast for December to $86 a barreldown from its prior projection of...
Economic calendar in Asia Monday, 12 June 2023
Note that markets are closed in Australia today for a public holiday. Chinese data is due into the early European hours, 7am GMT and 3am US Eastern time. This snapshot from the ForexLive economic data calendar, access it here. The times in the left-most column are...
Trade ideas thread – Monday, 12 June 2023
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Monday morning open levels – indicative forex prices – 12 June 2023
On a Monday morning, market liquidity is very thin until it improves as more Asian centres come online. Prices are liable to swing around on not too much at all, so take care out there.Its going to be thinner for longer today with Australian markets out for a holiday....
Markets Week Ahead: S&P 500, Gold, USD; Fed, ECB, BoJ, Germany ZEW, UK & Australia Jobs, US CPI, China Retail Sales
Recommended by Manish Jaradi Trading Forex News: The Strategy Get My Guide Global equity markets rose to a 13-month high on improving sentiment following the recent suspension of the US debt ceiling, the resilience of the global economy, and hopes that US interest...
2024년에 새로 생기는 국가자격증 2가지! 1회 시험이 기회!
https://www.youtube.com/watch?v=UHLN8LaFQmA 내년 2024년에 처음으로 신설되는 국가자격증 2가지를 소개해 드립니다. 새롭게 생기는 국가자격증은 확실히 현재 시점에서 수요가 급격히 늘어나고 있고, 앞으로 많은 인력이 필요한 부분들이 있어서 전망이 밝습니다. 1회 국가자격증의 주인공이 되어보세요! #2024년신설자격증 #자격증추천 #국가자격증 MoneyMaker FX EA Trading...
E-mini S&P 500 Futures: Unraveling the 4400 forecast and what’s next
In this insightful look back at our January forecast for the E-mini S&P 500 futures, we find ourselves on the brink of reaching the much-anticipated 4400 level. This article will elucidate the pivotal factors that have contributed to this imminent achievement and...
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Gold Weekly Forecast: Gold (XAU/USD0 Prices Delicately Poised Heading into Blockbuster Week
GOLD PRICE, CHARTS AND ANALYSIS:GOLD FORECAST: NEUTRAL Trade Smarter - Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter READ MORE: Bank of Canada Comes Out Swinging with 25bps Hike,...
Week Ahead: US CPI, FOMC, Retail Sales; ECB; PBoC, China activity data
MON: NY Fed Survey of Consumer Expectations.TUE: OPEC MOMR, German Final CPI (May), UK Jobs Data (Apr/May), German ZEW Survey (Jun), US CPI (May).WED: FOMC Announcement, IEA OMR (2024 Forecast), UK GDP (Apr), Swedish CPIF (May), EZ Industrial Production (Apr), US PPI...
Forexlive Americas FX news wrap 9 Jun: USD falls this week as market awaits the FOMC
This week, the US dollar, tracked within a 103.290-104.400 range in the DXY index. That index (heavily weighted to the EUR) for the week fell -0.49%. The decline was initially triggered this week by below-expectation US services ISM data. In that report, released on...
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NASDAQ index closes higher for the 7th consecutive week
The major US stock indices are closing marginally higher on the day and marginally higher for the week. The NASDAQ's gain this week was good enough for the 7th consecutive up week.The final numbers are showing:Dow Industrial Average 43.17 points or 0.13% at...
US crude oil futures settle at $70.17
The price of the WTI crude oil futures is settling at $70.17. That's down -$1.12 or -1.54%. The low price today reached $70.10. The high price was at $71.77.For the week, the price fell $1.57. The price last week settled that $71.74.Crude oil prices recorded a second...
NZDUSD up today, but stalls near 38.2% of the May trading range
The NZDUSD moved higher today based on the lows against a swing area near the 0.60829 level before moving to the upside and breaking outside of what has been an up-and-down trading range until today (largely under the 0.6100 level). The move to the upside today did...
Court records show Trump faces 37 criminal counts
Trump arrested (AI image)It will be interesting to see how this indictment goes. Trump has a good chance of being the next US President but this also had a good chance of landing him in jail. Notably, none of the 37 counts has mandatory minimums, though maximums reach...
Morgan Stanley: USD to grind higher, JPY may lead G10 gains but USD/JPY shorts challenging
Morgan Stanley, a leading global financial services firm, has recently expressed its outlook on the US dollar (USD) and Japanese yen (JPY) in its latest report.Morgan Stanley analysts believe that the US dollar has the potential to continue to gradually strengthen...
EUR/USD struggles for direction amid eurozone recession and anticipated ECB hikes
EURUSD daily chartThe euro has appreciated against the US dollar despite the revelation that the eurozone economy has slipped into a technical recession after a larger than anticipated downward revision of Q1 GDP growth, according to MUFG. The eurozone economy has...
Baker Hughes US oil rig count 556 vs 555 prior
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...