Author: FX
Thai inflation negative for six straight months as full year forecast lowers Source link
WTI crude oil fell through support around the $62 per barrel mark and now seems ready to retest this area of interest. Will it hold as resistance? WTI Crude Oil (USOIL) 4-hour Chart by TradingView Resurfacing oversupply concerns, this time driven by the OPEC+ rumored production increase and resumed Iraqi Kurdistan crude flows to Turkey, dragged WTI crude oil below a strong support zone early last week. However, geopolitical tensions in Russia kept losses in check, as investors continued to worry what escalating conflict could mean for oil production. Can the energy commodity go for a higher bounce? Remember that…
After the government shutdown sent the dollar spiraling, markets are gearing up for a data-heavy stretch that could reshape the FX space. Source link
The NZD/USD pair trades on a positive note around 0.5825 during the early Asian session on Monday. The fears of a prolonged US government shutdown continue to drag the US Dollar (USD) lower against the New Zealand Dollar (NZD). Traders await the release of FOMC Minutes later on Wednesday for fresh impetus. The US government shutdown entered its fifth day as US Senators failed to pass spending proposals to reopen the federal government. Later on Sunday, US President Donald Trump said that his administration would begin laying off federal workers. “It’s taking place right now,” Trump said. “If the shutdown lasts for…
China has been using a covert financial system to pay Iran for oil, circumventing U.S. sanctions and strengthening economic ties between the two countries, according to Western officials.The mechanism, described as a barter-style conduit, allows Iran to ship crude oil to China—its largest buyer—while Chinese state-owned firms carry out infrastructure projects in Iran as payment. Officials say the system relies on Sinosure, China’s state export-credit insurer, and a little-known financial entity called Chuxin, which operates outside the formal banking network.By avoiding the international payment system, the channel has become a financial lifeline for Tehran, helping fund major projects despite U.S.…
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to a modest increase in its November oil production as group leaders Saudi Arabia and Russia overcame a difference in position. OPEC+ confirmed in a statement on its website that the group will add 137,000 barrels a day next month, Bloomberg reported on Sunday. Market reactionAt the time of press, the WTI price was up 1.65% on the day at $61.50. WTI Oil FAQs WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and…
EUR/USD retraces its recent gains registered in the previous session, trading around 1.1720 during the Asian hours on Monday. The downside of the pair could be limited as the US Dollar (USD) may struggle amid the rising likelihood of the US Federal Reserve (Fed) rate cuts in the upcoming meetings. The CME FedWatch Tool suggests that markets are now pricing in a 95% chance of a Fed rate cut in October and an 84% possibility of another reduction in December.The upside of the Greenback could also be restrained as concerns rise after United States (US) Senators failed to pass spending…
The Channel Scalper M1-M15 MT4 Indicator is built specifically for short-term chart traders. It creates a dynamic channel around price action, highlighting potential buy and sell zones. When the price touches the upper or lower band, the indicator signals possible reversals or trend continuations. Scalpers can then decide whether to enter trades based on market momentum. Since it works best on M1 to M15 charts, it provides multiple opportunities within a trading session, making it ideal for active traders who prefer quick profits. Why Scalpers Use This Indicator Scalping is about speed, accuracy, and discipline. The Channel Scalper removes much…
Oil prices open up around 1% after modest OPEC+ output hike Source link
On Friday morning in Asia, Thursday US time I posted on Trump’s stimmy thoughts:“We also might make a distribution to the people…We’re thinking maybe $1,000 to $2,000, it’d be great.”Its not unusual for politicians toe hand out free money stimulus checks when the economy is struggling. I’m not too sure the econopmy in the US is struggling, but Trump apparently seems to think so. Crypto has seen inflows, Bitcoin is above USD125K. I’ve seen renewed forecasts for a year end target of YS$200K I’ll have more to come on this separately. Trump’s admin proclaims itself crypto friendly, and indeed Trump’s…