Brent prices rose on Tuesday after five consecutive days of losses and a five-year low. US crude rose with players seeking a sustainable oil price in the market that is being haunted by concerns of oversupply. Light, sweet crude futures for January delivery on the New York Mercantile Exchange climbed 1.2% or 77 cents to $63.82 per barrel. On London’s ICE Futures exchange, January Brent crude climbed 1% or 65 cents ending ...
The Pirate Bay has been raided by Swedish police and shut down — possibly forever, according to its co-founder Peter Sunde. According to some initial reports coming out of the Sweden, Stockholm police seized computers and equipment belonging to The Pirate Bay, and have detained “at least one man connected to the site.” At this point, it’s unknown if the current operators of The Pirate ...
Talking Points -Elliott Wave Theory can provide clues to our location within the EURUSD trend -EURUSD finished a proposed ending wave of an ending wave of an ending wave suggesting a multi-week low on December 8, 2014 -Initial target zone is as high as 1.2900 EUR/USD Daily Chart Fibonacci Wave Ratio Analysis ...
Talking Points: USD/CHF Technical Strategy: FlatSupport: 0.9554, 0.9391, 0.9259Resistance:0.9654, 0.9723, 0.9817 The US Dollar turned lower against the Swiss Franc as expected having found resistance near the 0.9800 figure. Near-term support is at 0.9554, the 23.6% Fibonacci retracement, with a break below that on a daily closing basis exposing the 38.2% level at 0.9391. Alternatively, a turn above the 14.6% Fib at 0.9654 opens the door for a challenge of wedge ...
The U.K. unemployment rate fell less than expected in the August to October period, data from the Office for National Statistics showed Wednesday. The jobless rate fell to 6 percent during August to October, down from 6.2 percent seen in the May to July period. Economists had forecast a rate of 5.9 percent. During August to October, there were 1.96 million unemployed, 63,000 fewer than in the May to July period. This was ...
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