Oil trades in narrow range since 2022 on OPEC+, sanctions and demand worries
By Ahmad Ghaddar and Alex Lawler LONDON (Reuters) – Brent crude oil has been trading in a tight range of $75-$90 a barrel since late 2022 as OPEC+ cuts keep…
EUR/USD: Elliott wave analysis and forecast for 12.07.24 – 19.07.24
The article covers the following subjects: Key takeaways Main scenario: consider long positions from corrections above the level of 1.0665 with a target of 1.1141 – 1.1273. A buy signal:…
Morning Bid: Disinflation, rotation and a bruised dollar
(Reuters) – A look at the day ahead in U.S. and global markets from Mike Dolan A violent rotation from Big Tech into small cap stocks followed the surprisingly benign…
HSBC’s new gold prices forecast calls for a 12% drop in 2025
Gold prices surged to a record high in mid-May, driven by robust safe haven and hedge fund purchases. This rally has been prompted by expectations of rate cuts from the…
BoJ Remains Silent on Intervention. Forecast as of 12.07.2024
Despite government officials’ denials, the sharp plunge in USDJPY quotes indicates Japan’s intervention in the Forex market. This time, the intervention was timed to coincide with the release of US…
USD/СAD: Elliott wave analysis and forecast for 12.07.24 – 19.07.24
The article covers the following subjects: Key takeaways Main scenario: consider short positions from corrections below the level of 1.3755 with a target of 1.3352 – 1.3166. A sell signal:…
Oil rises as US inflation eases
By Paul Carsten LONDON (Reuters) – Oil prices rose on Friday amid signs of easing inflationary pressures in the United States, the world’s biggest oil consumer, with Brent crude peaking…
Short-term Analysis for Oil, Gold, and EURUSD for 12.07.2024
I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the…
Oil rises as US inflation eases; Brent heads for weekly dip
By Jeslyn Lerh SINGAPORE (Reuters) -Oil prices inched up on Friday amid signs of easing inflationary pressures in the United States, the world’s biggest oil consumer, although Brent crude was…
US Dollar Slumps as CPI Cools. Forecast as of 12.07.2024
US inflation declined on a month-on-month basis for the first time since the pandemic, providing further evidence that the economy is cooling. This factor is forcing the Fed to cut…
