Categories Finance

GBPUSD remains range bound but with a bullish tilt

The GBPUSD remains confined to a 68-pip trading range today, narrower than the 22-day average range of 102 pips (about a month of trading). Price action has been choppy, but the 100-hour moving average (currently at 1.32614) has consistently provided support during intraday dips. This level also aligns…

Read More
Categories Finance

Crude oil settles at $61.62

The price of crude oil move down $1.53 or 2.42% settling at $61.62. Contributing to the downward bias includes: Potential U.S.–Iran nuclear deal: May lead to lifting of sanctions on Iranian oil exports, increasing global supply. OPEC+ production increases: Scheduled to add 411,000 bpd as part of the…

Read More