Natural Gas Monthly Technical Analysis for August 2014 Nearby Monthly Natural Gas futures declined sharply in July after below normal summer temperatures drove down air conditioning usage and thereby demand for fuel to run the power plants. Record injections drove supply higher, putting inventories at nearly record levels. So the best way to put it is, natural gas prices fell because of rising supply and falling demand. The sell-off in July wiped out the entire winter ...
Talking Points GBP/USD breaks key long-term support levelUSD/JPY nearing critical resistance areaGold meanders Price & Time Analysis: USD/JPY USD/JPY continues to edge higher off the 101.50 78.6% retracement of the July rangeOur near-term trend bias is higher in the exchange rate while above 101.50The 61.8% retracement ...
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A weak U.S. dollar is a threat to the global economy and the only way to stop the greenback’s decline is to reintroduce a gold standard, said media tycoon, Steve Forbes. Forbes, the editor and chief of Forbes Media, was one of the keynote speakers at the annual Freedomfest conference in Las Vegas, an annual convention that looks to gather free minds for open discussions on politics and the economy. In an interview with Kitco News’ Daniela Cambone, Forbes talked about ...
Australian Forex broker Pepperstone is building its portfolio of online trading platforms and has unveiled plans to roll out Metatrader 5. The name of MetaTrader 5 has appeared in the list of platforms supported by Pepperstone with a promise that the release is “Coming Soon”. Such a move makes some sense when considering the more recent steps taken by Pepperstone, particularly its targeting of Russia and the Commonwealth of Independent States. Earlier this year, Pepperstone opened ...
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