USDJPY is currently trading around its red Tenkan-sen line around 122.00 after retracing below the 122.57 level, which is the 23.6% Fibonacci retracement of the up leg from the 114.40 low until the recorded 125.10 rally peak. The rising simple moving averages (SMAs) continue to endorse the prevailing ascent despite the fresh correction in the […]
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On Dec. 29, all passengers aboard a flight on South Korean carrier Jeju Air were killed when a plane skidded down a runway at Muan International Airport (MWX) and burst into flames. The airport is Read more…
WTI oil price advanced around 1.3% in holiday-thinned trading on Monday, underpinned by increased fuel demand on holiday season that was reflected on stronger than expected drop in crude inventories. Near-term picture is turning positive Read more…
Energy is expected to regain the attention of market speculators next year due to both technical and fundamental factors. WTI has repeatedly rallied on attempts to break below $67, which has been a turning point Read more…