Technical analysis and Weekly forecasts about Forex, options and cryptocurrency.

Oil increases its losses and Brent crude drops by 2.5%

Oil prices fell during trading on Friday in light of dollar’s rise against most major currencies, and renewed concern about global demand this year. A technical committee consisting of OPEC and officials from independent producers in what is known as “OPEC +” alliance had revealed expectations of a slowdown in global oil demand during current […]

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EUR/USD Bullish Momentum Likely Continue If Existing Home Sales in the US Comes Below Expectation

EUR/USD Forecast & Technical Analysis Eurozone – German Flash Manufacturing PMI Later in the week, on Friday, at GMT 7:30 a.m., the Markit will release the German Flash Manufacturing PMI data. It measures the level of a diffusion index based on surveying around 500 purchasing managers in the country. Pepperstone traders consider the Flash Manufacturing PMI figure […]

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GBPUSD is raising after unexpected US economic data

GBPUSD rose during trading today, Friday, in light of the uncertainty about global economy due to the continuing of “Coronavirus” crisis. Russian President “Vladimir Putin” announced earlier this week that it had registered first vaccine in the world to prevent Coronavirus, but countries led by United States questioned its effectiveness and safety of use. European […]

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Oil prices give up gains and turn lower during trading

Oil Prices – 13th August 2020 Oil prices retreated during Thursday’s trading, giving up the gains it had recorded earlier today, despite the dollar’s decline against most major currencies. “OPEC” had mentioned in its monthly report expectations that global oil demand growth will contract by 9.1 million barrels per day this year compared to its […]

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