oil

This preview of weekly data looks at USOIL and XAUUSD, where economic data coming up later this week are the main market drivers for the near short-term outlook. USOIL, daily Oil prices are falling due to expectations of higher OPEC+ production and concerns about sluggish demand in China and the...

This preview of weekly data looks at USOIL and XAUUSD where economic data coming up later this week are the main market drivers for the near short-term outlook. The most important economic data for this week are: Tuesday: US Services PMI at 15:00 GMT for the month of February. The consensus...

This preview of weekly data looks at USOIL and XAUUSD where economic data coming up later this week are the main market drivers for the near short-term outlook. The most important economic data for this week are: Monday: Japanese inflation rate at 23:30 GMT. The expectation for January is...

This preview of weekly data looks at USOIL and XAUUSD, where economic data coming up later this week are the main drivers in the markets for the short-term outlook. The most important economic data for this week are: Monday: US Services PMI at 15:00 GMT for the month of January. The consensus...

This article offers a preview of the weekly data for USOIL and XAUUSD. The upcoming economic data later this week are poised to be the main drivers in the markets for the near short-term outlook. The most significant economic data for this week include: Thursday: Australian Balance of Trade at...

This preview of weekly data looks at USOIL and XAUUSD, where economic data coming up later this week are the main drivers in the markets for the near-term outlook. The most important economic data for this week are: Tuesday: BoJ Interest rate decision at 03:00 AM GMT. The market consensus is...

The US dollar is rebounding following Wednesday's data showing a lower-than-expected increase in US private payrolls for November, suggesting a gradual cooling of the labor market. Market focus now shifts to Friday's non-farm payrolls for further insights. At the same time, the euro weakened to...

This weekly preview examines USOIL and XAUUSD, focusing on upcoming economic data. These figures will drive market trends for the near-term outlook. Here's the most significant economic data for this week: Wednesday: Chinese Industrial Production data will come out at 02:00 AM GMT. October's...

This weekly data preview examines USOIL and XAUUSD. The primary drivers in the markets for the near short term are the economic data releases scheduled for later this week. Tuesday: The Bank of Japan's interest rate decision is at 03:00 AM GMT. The market consensus predicts the central bank will...

This preview of weekly data examines USOIL and XAUUSD, also focusing on the economic data set to be released later this week as the primary market drivers influencing the short-term outlook. The key economic data for this week includes: https://bit.ly/3ZjNVsO

This weekly data preview focuses on USOIL and XAUUSD, with upcoming economic data being the primary drivers for the short-term market outlook. Here are the key economic events for the week: Follow this link to find more: https://bit.ly/3ZjNVsO

Let’s first summarise the most important economic data for this week. If you are trading gold or oil this week, these are fundamentals that can affect technical forecasts. US durable goods orders on Wednesday at 12:30 PM GMT. The data for the month of August are expected to increase by almost...

Crude Oil (USOIL) Oil prices fell on Thursday as concerns about China’s economic outlook outweighed expectations of tighter supplies from extended cuts in Saudi Arabia and Russia. The market also digested mixed data from China, with overall exports falling 8.8% in August, while crude imports...

Asian markets declined following a shaky performance on Wall Street as investors awaited crucial US inflation data, all while concerns grew over rising oil prices and their impact on ongoing inflationary pressures, complicating the outlook for interest rates. In Japan, the corporate goods...

OPEC cuts production. Oil prices respond. Is it time to buy? Starting with the weekly chart, there is a cross-up in MACD, a cross-down in PPR (Purchasing Power Ratio), and Twin MA's look set to cross-up this week. This sets the scene for a new longer-term uptrend formation. If it eventuates...

Crude oil prices closed lower on Tuesday (29th), with WTI crude oil futures falling below the $100 per barrel level for the first time since mid-month, due to Russian media reports that Russian officials described the Russia-Ukraine talks as "constructive. Meanwhile, OPEC+, which includes...

Crude oil prices tumbled about 7% on Monday to close at their lowest level in more than a week, mainly because the worsening of the epidemic may dampen energy demand, and progress in peace talks between Russia and Ukraine is expected to help ease concerns about energy supply risks. Crude oil...

Crude Oil, the price may fall. On the daily chart, the upward wave C forms, within which the first wave 1 of (1) of C developed, and a downward correction develops as the second wave 2 of (1) of C. Now, the wave of the lower level a of 2 is developing, within which a local correction has ended...

The attack on the Arabian oil facility once again caused market concerns about global crude oil supply, which made crude oil prices reversed and closed higher on Friday (25th), and the price of Brent crude oil rose nearly 12% this week. While the EU's inability to reach an agreement to embargo...

Crude oil futures prices fell more than 2% on Thursday (24th), retreating from more than two-week highs reached yesterday, mainly as global leaders gathered to discuss Russia's invasion of Ukraine, the United States announced new sanctions on Russia, but the European Union Opinions remain...