USDNOK Uptrend Is Under Pressure, Short-Term Bias Neutral-To-Bearish
USDNOK has created a lower low around 8.910 and a lower high at 9.010, putting its upward pattern that topped at a multi-year high of 9.162 into speculation. The 50-period simple moving average (SMA) in the four-hour chart is heading...
European banks are ahead of the millennial zeitgeist
For investors, Europe’s banks are at their lowest ebb. In the run-up to September’s European Central Bank (ECB) meeting, expectations of a new round of monetary-policy easing pushed their shares to a point not seen since 2009. As ever-growing capital...
What Type of Forex Trader Are You?
The $5 trillion-a-day forex market plays host to many types of trader – and each demands a different lifestyle. From the high-octane, pressurized sprint of the day trader, to the strategic, prolonged marathon of position trading, different types fit different...
Canadian Dollar Rebounds on Strong Oil Prices, Yen Firmer on Mild Risk Aversion
Canadian recovers notably today following the strong rally in oil prices, after attack on Saudi Arabia’s oil production. Yen follows as the second strongest on mild risk aversion, as sentiments are also weighed down by poor Chinese data. On the...
Saudi Arabia Attacks Pummels Markets
Oil futures leapt this morning by over 15% in a knee-jerk reaction to the attack on the Saudi Arabia Abqaiq oil facility over the weekend that notionally, took 5% of the world’s supply offline. Brent futures spiked by 20% and...
GOLD Remains Vulnerable With Further Decline Expected
GOLD eyes further weakness as it faces more bear pressure in the new week. On the downside, support sits at the 1,480.00 level where a break will turn focus to the 1,470.00 level. Further down, a cut through here will...
Dow set to lose more than 150 points on fears spiking oil will slow the global economy
Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange. Drew Angerer | Getty Images U.S. stock futures dropped Monday morning amid fears that a surge in oil prices following an...
Finance start-up SoFi strikes deal to put its name on new LA stadium for the Rams and Chargers
Financial technology start-up Social Finance is putting its name on the most expensive NFL stadium ever built. The company announced a 20-year deal on Sunday to call the new Los Angeles football compound “SoFi Stadium.” The 3-million-square-foot arena, which will...
Fed Might Cut Just Once More in Mid-Cycle Adjustment as Sentiments Improved
Threat of US-China trade war escalation receded last week after both sides offered some concessions. Further than that, there is increasing hope of de-escalation of some form as the idea of an “interim” trade deal floated around. Both sides seemed...
Oil could rise $10 per barrel after drone attack forces Saudi to cut output in half
A trader wipes his eyes as he watches stock prices at the New York Stock Exchange in New York. Don Emmert | AFP | Getty Images Oil prices could jump as much as $10 per barrel after a number of...