WTI VS BRENT OIL SPREAD FORECAST The Two Most Widely Used Crude-Pricing Benchmarks in the financial markets are Brent and WTI Brent crude originates from four oilfields in the North Sea. The oil extracted from these fields is typically light, making it very easy to refine into other products. Roughly two-thirds of all crude contracts around the world use Brent…
AUD/USD Technical analysis forecast AUD/USD rises up from last lows on the 0.70 price areas, near 0.73 following a decline in the US Dollar, is it the end for the bearish trend ?Precious metals, especially Gold will likely help erode the Aussie base, as long as gold will trade on those levelsThe Reserve Bank of Australia clarified it will not…
Gold price technical analysis After Gold has been stuck around the $1,200-an-ounce level for almost 9 weeks he managed to cross for this level for almost last four weeks and traded above 1229 $.Federal Reserve monetary policy meeting is today- According to analysts, an impending interest rate hike November 07 will keep a lid on any significant gold rally in…
Turkish lira analysis After Turkish lira having already lost nearly 40 percent of its value this year against the dollar, we saw a big recover and Turkish lira traded below 6 again -yesterday Turkish lira rate finished the day on 5.31 price Turkish lira per 1 USD – The Turkish lira firmed as far as 5.31 against the USD, its best…
Crude oil analysis as I wrote last month: Is there a negative deviation between the oil price and the technical parameters on the charts? as reflected so happened!Oil prices founded difficult to stay at high levels prices , oil behaving strangely– we saw strange behavior – every time crude oil show strong move down it came back to higher numbers since…
Stock Markets Technical analysis Will the global stock markets make a turnaround this week? After starting the week with sharp declines in the indices yesterday we saw a strong recovery The Dow Jones Industrial Average, the S & P 500 and Nasdaq have experienced very strong volatility in recent weeks Everyone is now waiting for the 2018 results mid-elections in…
DAX 30 GERMANY INDEX TECHNICAL ANALYSIS It has been a long time since last technical analysis for the DAX, I remember the last post Why DAX Should Be 1 of your investments in late 2016 – it was really a good trade Is this time we are going to get the same move or this is another story…? 12,500 again or…
Dollar Index analysis US Dollar’s long-term outlook looks bullishIts look like U.S. economic recession is likely to start in 2019 or 2020 as I wrote a few times to watch the behavior in 1998-1999 in the forex market and equity market (a similar case for my opinion) DXY – US Dollar look is approaching the topside of its recent near…
crude oil analysis Oil prices find it difficult to stay at high levels, oil behaving strangely– we saw strange behavior – every time crude oil show strong move down it came back to higher numbers since may, but this month it’s not the case ! Crude oil reached all-time high since 2014 to almost 77$ and then went down sharp…
Turkish lira analysis after Turkish lira having already lost nearly 40 percent of its value this year against the dollar, we saw a big recover and Turkish lira traded below 6 again – today rate standing on 5.53 Turkish lira per 1 USD – The Turkish lira firmed as far as 5.53 against the USD, its best level since AugustTurkey caved in…