The EURJPY has gained for the majority of the past 6 trading days, beginning at its lowest point on the 3rd of January at 137.377. This progression has resulted in an increase of 544 pips. The peak cost for the day was 142.85, which was close to the 100 day
In the past 6 trading days since the EURJPY hit a low of 137.377 on January 3rd, it has increased five times. This equates to a rise of 544 pips. The cost soared to 142.85, nearly matching the 100-day moving average of 143.026. Furthermore, this price peak also came close
Today’s gold price of $1886 was a new high. The blue lines represent the bullish channel. The black line represents the bearish divergence. The gold price did not follow the RSI today. The RSI continues to form lower highs and gives bearish divergence signals. The upper boundary of the channel
At present, the market for crude oil is a very unpredictable one. The inventory build was much greater than predicted, causing the price to drop briefly before increasing again. This was likely due to closures of refineries due to cold weather, which probably should have been taken into account in
The Fibonacci extension targets are represented in the form of blue horizontal lines in the image below. A support trend line is no longer intact when the blue line on the graph slopes upward. The RSI (Relative Strength Index) is showing a bearish divergence, which is represented by a black
Prior was +1694KGASOLINE +4114K vs +1186K EXPECTED Distillates -1069K vs -472K EXPECTED Production estimate +12.2 mbpd vs +12.1 mbpd SPR draw +800K (already reported) +17.627 mbpd (implied demand) +7.55 vs +7.51 mbpd prior Implied mboc demand 7.55 vs 7.51 mbpd prior The huge build was due to refinery closures because
Today, WTI crude oil soared to as much as $77.15 but the price has since regressed to $76.00. This stock is experiencing a $0.98 increase today; however, it is threatened by the weekly US inventory data to be released in the near future. The private oil inventory figures from the
n the US trading session, the EURUSD bulls are making a move, pushing the rate beyond the 1.0760 resistance that was seen over the course of the past few days. The price has now moved up to a peak of 1.0776. The pair had been limited to a range of
The euro is having itself a nice day, rising 30 pips to 1.0765 and near a session high. The markets are pricing a 76% chance of a 50 bps hike from the ECB on Feb 2. That’s dipped from earlier this week.
Today, the three principal American indices have been trading up for the majority of the past four trading days, with the Nasdaq being on the brink of finishing in the green for four days in a row. The S&P and Dow have both advanced in three of the last four
An attorney for Sullivan & Cromwell today told the Bahamian court that it has recovered more than $5 billion in cash, “liquid cryptocurrency” and other investment securities. That doesn’t include the roughly $400 billion in crypto held by the Securities Commission of the Bahamas. The recovered funds don’t include the
It’s been a nightmarish few weeks of travel in the US. “Normal air traffic operations are resuming gradually across the United States following an overnight outage to the FAA’s Notice to Air Missions (NOTAM) system that provides safety information to flight crews. The ground stop has been lifted.” This article