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US crude oil futures settled at $73.71

US crude oil futures settled at $73.71

The price of crude oil futures are settling at $73.71. That is up $3.61 or 5.15%. The high price reached $73.92. The low price today reached $70.56.Looking at the daily chart above, the price is trading at the highest level since September 3, and above the 38.2%...

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EURCHF stuck in its own up and down trading range

EURCHF stuck in its own up and down trading range

While the USDCHF pushes the topside of the "Red Box" today that has confined the pair going back to August 20, the EURCHF is mired within its own confined range.Apart for a time period between April 10 and April 11, the price of the EURCHF has been confined to a range...

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Gold consolidating recent gains near highs

Gold consolidating recent gains near highs

Gold has been consolidating in up and down trading this week. The high price was reached on Tuesday at $2673.14. That was just above the all-time high close was reached last Thursday at $2672.03. The low price this week was reached on Monday at $2624.82. The current...

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European equity close: Italy lags after windfall tax talk

European equity close: Italy lags after windfall tax talk

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,...

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OPEC Sept output fell 390k bpd on Libyan outages – survey

OPEC Sept output fell 390k bpd on Libyan outages – survey

OPECReuters is out with its latest secondary sources survey of OPEC oil output and it has production down 290k barrels per day in the month to 26.14 mbpd.Libyan output was down 300k bpd with the remainder of the bloc producing an additional 10k bpd. The survey also...

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MUFG: Revised BOE rate outlook and GBP implications

MUFG: Revised BOE rate outlook and GBP implications

MUFG has revised its outlook for the Bank of England (BoE), now expecting back-to-back rate cuts before year-end. This adjustment reflects growing evidence of decelerating economic growth in the UK.Key Points:Recent sentiment indicators, including the GfK consumer...

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Biden: US is discussing Israel striking Iran oil facilities

Biden: US is discussing Israel striking Iran oil facilities

The President said the the US is discussing Israel striking Iran oil facilities, according to Bloomberg.There is some important nuance in this statement:Biden was asked if he would support the US supporting Israel striking Iran's oil facilities. Biden responded: We...

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US factory orders for August -0.2% versus 0.0% expected

US factory orders for August -0.2% versus 0.0% expected

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,...

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US September ISM services 54.9 vs 51.7 expected

US September ISM services 54.9 vs 51.7 expected

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,...

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