Earnings Season is In Focus
Several largest American companies will publish their financial results this week. BTCUSD and XAUUSD are skyrocketing. What's going on in the markets?
OIL: long time no see
What?
We got so used to seeing WTI at the rages of $10-15 its confident march to $23 appears now as something extraordinary. What’s happening?
Why?
In short, observers see that the glut is probably at its peak globally and starts to diminish. Supply cuts finally started bringing positive effects. Therefore, what used to be the story of the day for weeks in the oil market, now is seen as a short-term obstacle for oil prices to stabilize at a higher level. Most observers expect that level to be around $40 to $50 per barrel, so if no major problem (such as another US-China confrontation) arises, you may start your strategic preparations to welcome bulls back to the oil market. Long time!
Similar
Chinese Economy Has Bounced Off the Bottom
Chinese investors are selling the UST. Meanwhile, the earning season continues. What's going on in the markets?
News for The Week Ahead
Gold and oil prices jumped. Fundamental factors are more important than technical ones right now. Let's go through the most exciting news for the week.
Latest news
The Yen Sets New Lows
The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!
Experts are Waiting for US Stocks to Rise
The US stock market fell in the third quarter. What's going on and why economists think that the last quarter will be better? Let's discuss it all here.
BlackRock CEO Supports The USD
BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!
