Last week's economic data came out mixed but did push stocks higher. With COVID-19 cases on the rise, including in the White House, this next week's performance will set the stage for the rest of the month. more...
Last week, oil found itself in an ugly position again, but was able to find support via the low-end of a range created during Jan/Feb. The bounce on Thursday brought with it limited follow-through to end the week, however; the price action for the week resolved in the form of a reversal candle that could set into motion some more buying in the days ahead. Next week might not bring with it rip-roaring power, as oil is already failing to ...
Euro Weekly Price Outlook: EUR/USD Recovery Could be Short Lived Euro turned just ahead of resistance this week with the price consolidation coiling into the April range. Here are the levels that matter on the EUR/USD weekly chart. Crude Oil Weekly Technical Forecast: Support May Soon Lead to Rally Crude oil took a spill last week, but with support at its feet look for it to try and bounce after a bit more weakness first. ...
Crude oil dipped 1.17 percent to $62.15/bbl over the last 5 trading days, inking back-to-back weekly losses for the commodity. The primary driver of recent downside could be attributed to reports from the EIA that crossed the wires during Thursday’s session which stated US crude stockpiles skyrocketed 9.9m/bbl to their highest level since September 2017. Ballooning crude oil production in the US now tops 12m/bpd and largely contributed ...
Lower oil prices could boost Modi’s chances to be re-elected in 2019, provided that his administration is doing things right this time around. more...
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