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Government Shutdown

Last week, global stocks continued their surge led by American companies. On Friday, the Dow gained 228 points to end the week at a record $25,803 level. The climb by stocks was attributed to positive results from American banks, Wells Fargo and JP Morgan which beat analyst estimates on revenues and earnings. However, the banks […]

Crude Oil Rallies, Dollar Falls, and South Korea Rattles Cryptocurrencies

This week, politics and geopolitical issues have dominated the markets. In the United States, the republicans and democrats have continued to find consensus to prevent a potential government shutdown. Democrats have vowed not to support a deal that does not include the Dream Act that protects the dreamers. On Thursday, a deal between the two […]

Oil Reaches its Highest Prices Since 2014

On Tuesday US Oil reached its highest price since December 2014, Brent reaching $69.08 and WTI reaching $63.24. Today WTI reached a high of 63.47 and Brent 69.32, Oil is undeniably starting the year with a bull run. Last year in July Brent had dipped below $50.00 as OPEC country members lowered their production, even […]

Crude Oil Rally Pauses As Investors Await Trump’s Iran Decision

Yesterday, the price of WTI and Brent crude oil reached new three-year highs. The recent surge is attributed to four. First, this week, the American Petroleum Institute reported a huge withdrawal of 11.2 million barrels of crude oil. Second, the Energy Information Administration (EIA) released data showing a reduction of 4.9 million barrels of oil. […]

Daily technical Insight – EUR/USD Forms a Perfect Cup and Handle Pattern: Next Target 1.2100

In 2017, the dollar fell against many currencies. Against the Euro, the dollar fell by a whopping 8%. This fall was attributed to a strengthening the Euro and investors worry about Trump’s policies on trade. The Bull Run ended on September when the pair reached the 1.2094 level. It then started going down, eventually reaching […]

US Consumer Price Index Preview

Central Bankers – particularly the Fed and ECB – are faced with the problem of low inflation. It seems, traditional models of inflation forecasts are no longer working. Consider this. After the financial crisis, the central bankers brought rates down and initiated unconventional policy methods like QE. In other words, they initiated a policy of […]