Down $.07 or -0.14% The price of crude oil futures tried to get below the $50 level for the third day in a row, but fell short. Today’s low reached $50.30. The low yesterday reached $50.10. The low on Friday reached $50.15.   The price rebounded off the low and settled today at $51.56. The high
German magazine article stirs the pot and sends the EURUSD lower The EURUSD cracked back below the 61.8% on the German magazine article saying that Pres Trump may impose 25% tariffs on European auto imports as early as next week.  There are some other reports that have come out that say Kudlow and Mnuchin talked
Forex Trading Strategy. Good and Bad Channels EUR/USD in February. Forex I trade with broker My Forex blog – Trading Statement – Forex Trading Systems that Work! I’m not a guru, just a part-time trader. Subscribe Risk warning: Trading foreign exchange and futures on margin carries a high level of risk,
EUR/GBP stays close to session tops in the proximity of 0.8880, always on the back of persistent weakness around the British Pound. EUR/GBP focused on Brexit After three consecutive daily pullbacks, the European cross is now rebounding markedly to the proximity of the key barrier at 0.8900 the figure. In fact, the continuation of the
   •  Continues to find some buying interest near $1220 horizontal zone.   •  Reviving safe-haven demand party offset the prevalent USD bullish mood.    •  Fed rate hike expectations might help determine the near-term trajectory. Gold reversed an early dip to over one-week lows and was now seen trading with modest gains, just below $1225 level,
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According to Tuuli Koivu, Research Analyst at Nordea Markets, trade disputes will be high on the agenda at the G20 meeting on 30 Nov-1 Dec. Key Quotes “After the birth of the new North American deal earlier this autumn, progress in bilateral negotiations seems to have been small and communication has been confusing, not least
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Iris Pang, Economist at ING, points out that China’s industrial profit growth slowed to 3.6% year-on-year in October from 4.1% in the previous month, putting the year-to-date growth at 13.6% YoY in October, a slowdown from 14.7% YoY growth as of September. Key Quotes “Comparing the two growth rate measures, it would seem the profit
Analysts at TD Securities suggest that the US Conference Board consumer confidence is expected to edge lower to 135.9 from a post-crisis high of 137.9 in November. Key Quotes “Both the present situation and expectations components have held up despite elevated trade uncertainty but recent market volatility could have an adverse impact.” “There are also