Author: Admin
Trump’s executive order opens the door for Sable Offshore’s production in Southern California.
The Euro finalized the week posting losses of over 1.74% against the Greenback and 0.84% in the day. The EUR/USD posted four bearish days after falling below the 200-day Simple Moving Average (SMA) at 1.1672, turning the pair bearishly biased. At the time of writing, the pair trades at 1.1414.EUR/USD Price Forecast: Technical OutlookWeekly analysisThe EUR/USD weekly chart shows the pair is dipping below 1.1450, opening the door to further downside. Momentum is bearish as the Relative Strength Index (RSI) turned negative three weeks ago, after falling below the 50-neutral level.Hence, the most likely scenario for EUR/USD is to extend…
Prices have spiked after Iran’s new supreme leader broke his silence and called for the Strait of Hormuz to stay closed.
Gold prices rose in United Arab Emirates on Friday, according to data compiled by FXStreet.The price for Gold stood at 603.88 United Arab Emirates Dirhams (AED) per gram, up compared with the AED 599.69 it cost on Thursday.The price for Gold increased to AED 7,043.60 per tola from AED 6,994.68 per tola a day earlier.Unit measureGold Price in AED1 Gram603.8810 Grams6,038.85Tola7,043.60Troy Ounce18,782.87FXStreet calculates Gold prices in United Arab Emirates by adapting international prices (USD/AED) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for…
Vietnam is expected to be promoted to ‘emerging’ market from ‘frontier’ market. Here’s when you’ll need to act.
Commerzbank’s Tatha Ghose expects the Central Bank of Turkey to keep rates on hold, seeing this as a tactical pause rather than a shift in strategy. He criticizes recent easing as unjustified given entrenched inflation and a worsening current account, and forecasts a continued, managed depreciation path for the Turkish Lira against major currencies including USD/TRY.CBT pause seen as temporary”Turkey’s central bank (CBT) will most likely keep its policy rate on hold at today’s monetary policy meeting.””While this might appear to be a prudent pause in the easing cycle because inflation data have recently surprised to the upside, we believe…
The largest-ever release of oil from the International Energy Agency’s emergency stockpiles lifted prices for the commodity up by nearly 5% on Wednesday.
NZD/USD trades lower on Wednesday, hovering around 0.5910 at the time of writing and down 0.38% on the day. The Kiwi remains under pressure as investors stay cautious amid persistent risk aversion in global markets, driven by escalating geopolitical tensions in the Middle East.The conflict involving the United States (US) and Iran continues to generate uncertainty across financial markets. Military operations in the region are ongoing, while risks of disruptions in the Strait of Hormuz, a key global Oil shipping route, keep energy markets on edge. This situation maintains strong volatility in Oil prices and fuels concerns about rising global…
Americans are opting out of the Affordable Care Act, and health insurance companies are taking a financial hit.
The USD/JPY edges higher on Tuesday, rising nearly 0.25% as risk appetite deteriorated late in the New York session, even though the US President Donald Trump hinted a de-escalation of the conflict. At the time of writing the pair trades at 158.07 some 80 pips above its opening price.USD/JPY Price Forecast: Technical outlookThe technical picture is slightly bearish with the USD/JPY registering a shooting star candle on Monday. Although Tuesday’s price action formed a bullish candle, revealed that sellers drove prices to a three-day low of 157.27, which opens the door for further downside.The Relative Strength Index (RSI) shows that…