Oil rises on tighter OPEC supply, US jobs data
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Read MoreFundamental Overview Crude oil has been ranging for months between the 67.00 support and the 72.00 resistance as the market continued to weigh the future scenarios. On one hand, we had the Trump’s victory which might have been seen as bearish for fear of the tariffs and a…
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Read MoreEurostoxx -0.1% Germany DAX flat France CAC 40 -0.1% UK FTSE flat Spain IBEX +0.2% Italy FTSE MIB flat The changes are at least better than what futures were suggesting earlier in the day at least. S&P 500 futures are also seen up 0.2% for now, taking some…
Read MoreFundamental Overview Gold remains confined in a range as the market continues to wait for the US NFP and CPI reports. Yesterday it seemed like we could get a break above the 2660 resistance but eventually the price got smacked back down following the hot US Job Openings…
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Read MoreIn the European session we only have the Eurozone PPI data which isn’t a market moving release in general. The main events will be in the American session as we have Fed’s Waller speaking, the US ADP data release and later in the day the FOMC Meeting Minutes.…
Read MorePrior -€7.67 billion; revised to -€7.52 billion The French trade deficit narrowed slightly in November with exports seen up by 2.9% while imports were seen up by 1.8% on the month. This article was written by Justin Low at www.forexlive.com.
Read MoreETHUSD analysis: RSI signals oversold conditions amid potential trading range formation Ethereum (ETH) is at a critical juncture, with the ETHUSD pair reflecting key technical signals that traders and investors cannot ignore. On the 4-hour chart, the Relative Strength Index (RSI), a widely-used momentum oscillator, is nearing oversold…
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