Trading News

6 reasons why WTI Crude Oil price could drop this summer.

6 reasons why WTI Crude Oil price could drop this summer.

Recent updates on global economic prospects do not add optimism to the financial markets in general and commodities in particular. The U.S.-China trade wars escalated tensions between the two largest


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News for May 21.

News for May 21.

Saudi Arabia intends to put an end to the practice of creating an artificial shortage of its oil in the market when actual deliveries are made in a volume less than the demand presented by customers.


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Has CAD/JPY bottomed out?

Has CAD/JPY bottomed out?

The Canadian dollar had bounced off the historical lows versus the Japanese yen recently. The pair was strengthening three days in a row after charting four-month lows and testing the technical


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News for May 14

News for May 14

Federal Reserve Chairman Jerome Powell fought back pressure from traders and President Donald Trump to lower interest rates, saying that inflation will recover and the economy will remain healthy


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How deep could the greenback retrace from 2-year highs?

How deep could the greenback retrace from 2-year highs?

The first week of May brought several surprises for the currency exchange market. The greenback’s retracement before the Fed’s decision was predictable as traders took profits, waiting for the FOMC


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News for May 7

News for May 7

This year, emerging markets will not face the usual difficulties of May and June, as more robust US growth can support the global economy, predicts Goldman Sachs Group Inc. "According to our baseline


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USD/CHF bounced off two-year highs: What’s next?

USD/CHF bounced off two-year highs: What’s next?

The US dollar failed to hold gains above 1.0200 Swiss Francs last week, retracing to local support levels before the Federal Reserve’s meeting and rate decision. Investors did not expect the Federal


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NEWS FOR APRIL 30.

NEWS FOR APRIL 30.

Incredible inflation level, which could reach 8 million percent this year, provided Venezuela with the status of the world's most “miserable” economy. For the fifth consecutive year, the South


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Will gold lose its shine this year?

Will gold lose its shine this year?

Gold price dropped more than 5% from the peak in February this year on the back of risk appetite and demand for high-yield assets across the globe. However, many analysts noticed a strong demand for


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News for April 23.

News for April 23.

European Central Bank President Mario Draghi expressed doubts about the US Federal Reserve’s independence. He joined hot debates about whether US President Donald Trump is trying to intervene the


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