Crude oil price rebounds above 67 in European morning as USD retreats. IMF’s improved outlook on global credits, strong China PMI and Japan industrial output data also revive market expectations on economic…
Category: Commodity Markets
Commodity Prices Remain Soft in Asia Monday
Although still trading above 65, crude oil’s near-term outlook remains weak as investors worry about energy consumption. Decline in stock prices in Asia market and rebound in USD exert additional pressure on…
Technical Rebounds on Commodities May Not End Reversal
Crude oil price recovers Friday after 2 days’ selloff of -8%. Currently trading at 66.35, WTI crude may have the risk of breaking 65 and testing 60 if there’s no supportive news/data…
Commodities Change Little Ahead of FOMC Statement
Crude oil hovers around 71 in European morning. Recently, energy prices have been stuck within a range and its ups and downs have been determined by economic indicators and stock markets. Without…
Correction Seen in Commodities as Strength in USD Curbs Hedging Demands
Crude oil price slides further and approaches 70 in European morning with USD’s rebound and stock market’s weakness the main drivers. Prices on heating oil and gasoline also plunge to 1.793 and…
Recovery in USD Pressures Commodity Prices in European Morning
Commodity prices drop in European morning as the dollar recovers after plunging for several days. In particular, the pound sinks against the dollar and euro after Lloyds Banking Group was barred from…
Avoid this huge “rookie” Forex mistake (webinar)
No matter how you trade Forex, you probably don’t want to place another trade until you make sure you aren’t making these 2 critical mistakes that most traders make. Keep reading, because…
Rebounds in Equity Markets Boosted Commodity Prices
Despite weakness in Asian session, crude oil price recovered in NY session amid rebound in stock market and renewed selling in USD. The October contract slid -0.6% to 68.86. Concerning others in…