OPEC+ discussing delay to planned oil output hike in October, sources say
LONDON (Reuters) -OPEC+ is discussing a delay in a planned output increase next month as oil prices hit their lowest in 9 months, three sources from the producer group told…
Loonie’s Strong Rally May Reverse. Forecast as of 04.09.2024
A capital spillover from the US dollar to its Canadian counterpart amid a decelerating US economy and expectations of the Fed’s monetary expansion dragged USDCAD quotes down. However, the loonie…
Oil prices slip again on demand concerns, possible end to Libya row
By Paul Carsten LONDON (Reuters) -Oil prices fell slightly on Wednesday, hovering at their lowest levels since December after plunging more than 4% the previous day on signs of a…
TradeLocker Owner Recruits New Executive for Its Prop Firm
Several weeks after officially departing from prop firm The Trading Pit, Antreas Pilavakis has secured a new employer. He has just joined FunderPro as Operations Manager, a brand belonging to…
Russia hits energy facilities in six Ukrainian regions, Kyiv says
KYIV (Reuters) – Russian airstrikes hit energy facilities and critical infrastructure in nine Ukrainian regions over the past 24 hours, Ukrainian officials said on Wednesday. Energy facilities in the western…
Safe-haven yen gains as edgy markets face US jobs test
By Kevin Buckland TOKYO (Reuters) -The safe-haven Japanese yen rallied on Wednesday while riskier currencies like the Australian dollar and sterling languished as traders ducked for cover following the worst…
Short-term Analysis for Oil, Gold, and EURUSD for 04.09.2024
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…
India central bank likely intervening to prevent rupee from slipping to record low, traders say
MUMBAI (Reuters) – India’s central bank was selling dollars at the 83.97 level on Wednesday to keep the rupee from dropping to a lifetime low, three traders told Reuters. The…
Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 04.09.2024
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: Highlights and key points BTCUSD: expect a…
US Economy’s Soft Landing Under Threat. Forecast as of 04.09.2024
The US Federal Reserve will take all necessary steps to support the labor market. Therefore, an aggressive reduction in the federal funds rate is still possible. The outcome will be…
