Short-term Analysis for Oil, Gold, and EURUSD for 10.07.2024
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 slips on easing US Gulf supply concerns, weak China inflation
By Emily Chow and Trixie Yap (Reuters) -Oil prices dipped on Wednesday as the impact from Hurricane Beryl dissipated and inflation data highlighted stubbornly weak consumer demand in top crude…
US Dollar Disregards Powell’s Speech. Forecast as of 10.07.2024
Earlier, the Fed did everything possible to beat inflation; now, it has to think about how not to drive the economy into recession. A shift in outlook is a reason…
Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 10.07.2024
Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Key takeaways BTCUSD: A descending wave…
Oil slips as markets weigh China data, easing supply concerns
By Georgina McCartney (Reuters) – Oil prices rebounded on Wednesday following three days of declines after an industry report showed U.S. crude and fuel stockpiles fell last week, indicating steady…
Gold prices steady amid rate cut speculation, copper dips on China inflation
Investing.com– Gold prices rose slightly in Asian trade on Wednesday as comments from Federal Reserve Chair Jerome Powell sparked increased speculation over when the central bank will begin cutting interest…
Asia FX flat as dollar steadies on Powell comments; Kiwi sinks on dovish RBNZ
Investing.com– Most Asian currencies moved in a flat-to-low range on Wednesday as the dollar found some strength after Federal Reserve Chair Jerome Powell offered no direct cues on interest rate…
Oil companies try to restore Texas operations after Storm Beryl
By Arathy Somasekhar, Georgina McCartney and Laila Kearney HOUSTON (Reuters) -Oil and gas companies in Texas restarted some operations on Tuesday after Hurricane Beryl lashed the state with 80-mph (129-kph)…
Oil rebounds as U.S. stockpiles drop, interest rate cut outlook brightens
By Georgina McCartney (Reuters) – Oil prices rebounded on Wednesday following three days of declines after an industry report showed U.S. crude and fuel stockpiles fell last week, indicating steady…
Oil prices rise as US inventories shrink more than expected
Investing.com– Oil prices edged higher in Asian trade on Wednesday as industry data showed a bigger-than-expected draw in U.S. inventories, although a build in distillate stockpiles somewhat offset optimism over…
