Prime Minister May has won the backing of the cabinet for her Brexit plan. Investors are still seeking protection (GBP puts) against long GBP/USD positions. The demand for GBP puts… Read more »
GBP/USD Talking Points: – Volatility remains in the British Pound and that will likely continue in the near-term as Brexit is a focal point for global markets at the moment…. Read more »
Oil falls further US Oil is currently at 58.71. This is despite the fact that Saudi Arabia cut 500K barrels for December and signalled that it looks like OPEC is… Read more »
Trump criticises France on tariffs for wine ForexLive Don’t take this message at face value as the complaint about French tariffs on wine is more symbolic. This shows that he’s… Read more »
Price action is jumpy as Brexit headlines are keeping traders (and algos) on edge ForexLive There wasn’t much in this headline here but it was enough for a good 30… Read more »
GOLD & CRUDE OIL TALKING POINTS: Gold prices sink as the US Dollar deftly juggles haven-, yield-based appeal Crude oil prices bounce as OPEC+ officials hint at new output cuts… Read more »
EOS continues to trade within the confines of its consolidation pattern. The RSI has recently dipped below 50 on EOS/USD, indicating that the market may be heading back toward support… Read more »
The number of the day (and indeed the last two weeks) is 10. As in, the price of a barrel of declined for the 10th straight day on Friday –… Read more »
The initially tried to rally during the week but as you can see on the longer-term charts, there is a downtrend line that keeps the market down. We did of… Read more »
5-handle on oil What a swan dive. WTI crude is down another 1.5%. That’s now 22% since early October in a brutal one-way drop. With the break of $60, crude… Read more »