Oil market updates on October 9
Heads up to the release of weekly crude oil inventories at 17:30 MT!
Gold is rising
The yellow metal could not stay for a long time near the $1,401 level. On H4, it is trying to stick above the 50-period SMA. The first resistance will lie at $1,415. After that, pay attention to the $1,424 level. If the bullish pressure is short-lived, gold will retest the $1,401 level. In the case of the breakout, pay attention to the $1,391 level.
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Update for oil market
Crude oil inventories will be out at 17:30 MT time
Oil spikes on the tweet by Iran's foreign minister
The tweet by Iran's foreign minister increased the possibility of tensions in the region. It pushed the oil prices up.
Latest news
Parliamentary Brexit vote may move the GBP
The endless Brexit loop continues to intrigue traders.
Will the last ECB meeting with Mario Draghi be crucial for the EUR?
The European Central Bank will release its monetary policy statement and announce an official rate at 14:45 MT on October 24.
Market updates on October 22
The opportunities for the CAD and the GBP for the second day in a row
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