The barrel of US crude tumbled almost 4% to nearly $65pb level, as Brent crude slipped below the $70pb mark after OPEC – which is normally optimistic – lowered its demand forecast for the second time in two months. The API data also showed that the US oil inventories fell by another 2.79 mio barrels […]
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Fed Chair Jerome Powell conveyed in a speech overnight that the central bank sees no immediate need to reduce interest rates quickly. He added that with an “appropriate recalibration” of monetary policy, Fed believes it Read more…
USD/CHF is facing resistance at the 0.8900 handle after breaking above the 200-day MA. The US Dollar Index (DXY) is also at multi-month resistance, raising questions about a potential pullback. The Swiss Franc’s recent weakness Read more…
GBPUSD reversed from strong support level 1.2665 Likely to rise to resistance level 1.2840 GBPUSD currency pair recently reversed up from the strong support level 1.2665 (former monthly low from August), standing close to the Read more…