myforexsystem.info

Forex binary option trade forex binary option

Tag: Commodities

US Dollar Rout Continues With Inflation Data in the Horizon

Safe haven flows after the stock market collapse favour JPY and CHF The US dollar is once again on the back foot on Tuesday. The currency is softer against major pairs ahead of key US inflation data for January. The U.S. Federal Reserve along with traders will be looking at the consumer price figures for […]

US Shale Producers Could Wreck OPEC Led Oil Price Stability

Big oil producing nations have nearly achieved their goal of draining a prolonged oil glut after taking some bitter medicine: cutting the crude production that funds their governments. But with victory in sight, U.S. drillers are poised to spoil OPEC’s plans for the second time in three years. On Tuesday, the International Energy Agency warned […]

Gold Gains Ground as Weak Bonds Weigh on Dollar

Gold prices continue to move higher this week. In Tuesday’s North American trade, the spot price for an ounce of gold is $1326.90, up 0.32% on the day. There are no major events out of the US. On Wednesday, the US releases inflation and retail sales data. Traders should be prepared for some movement from XAU/USD […]

Oil Drops Ahead of Weekly Inventories

Oil prices slid more than 3 percent on Friday as U.S. futures fell below $60 a barrel for the first time since December on renewed concerns about rising crude supplies. U.S. and Brent crude futures have slid more than 11 percent from this year’s peak in late January. Brent fell nearly 9 percent for the […]

Russian Gold Production Hits 306.9 Tonnes in 2017

Russia produced 306.9 tonnes of gold in 2017, up from 288.5 tonnes in 2016, the finance ministry said on Tuesday. Production for the period included 253.9 tonnes of mined gold compared with 237.8 tonnes in 2016, the ministry said in a report. Silver production totalled 1,044.3 tonnes in the January to December period, down from […]

A day of calm

A day of calm Equity markets have begun the week on a somewhat positive not picking up from Friday rebound as bargain hunters have returned on the first sign of stability. I guess if you owned a stock for fundamental reasons seven days ago and its 5 % lower this week, why not add to […]

British Petroleum Commits to UK Regardless of Brexit

BP is committed to staying headquartered in Britain, CEO Bob Dudley told CNBC on Monday. Dudley, who is in Cairo for the Egypt Petroleum Show, was asked if BP’s head office would remain in the U.K. regardless of the outcome of Brexit negotiations, or whether the company’s presence was conditional on how talks panned out. […]

XAU/USD – Gold Moves Higher Ahead of CPI

Gold prices have moved higher to start the week. In Monday’s North American trade, the spot price for an ounce of gold is $1324.83, up 0.63% on the day. It’s a quiet start to the week, with only one event. The US federal budget is expected to rebound and show a large surplus of $50.2 billion. […]

This too shall pass.

This too shall pass It seems anytime I left my desk last week the market was sure to fall apart but after witnessing 25 years + of market corrections, I know storms don’t last forever, and as far as the recent bout of market mayhem is concerned, this too shall pass. Traders quickly conjectured that […]

US Dollar Surges Amidst Volatility

BoE Signals Higher Interest Rates in the UK The US dollar had its strongest week against major currency pairs in twelve months. Even as the United States is suffering a bout of political uncertainty the dollar became a safe haven as stocks and bonds saw massive moves this week. The signing of a federal budget […]