Lifeless Crude Prices  I’d like to briefly thank everyone who attended the Black Gold: Trading Like a Pro webinar and acknowledge that for many of us who make a living – or at least supplement our cash flow – from trading in the oil market, it’s been a tough grind of late! But, as I tried to stress

USD/JPY drops to the lowest since August 28 as Japanese trade numbers please Yen buyers. Japan’s Merchandise Trade Balance Total beat forecast and prior, Exports also recover in August. The pre-Fed risk reset takes clues from trade jitters and virus updates amid a light news feed. USD/JPY extends t

CME Group’s flash data for Crude Oil futures markets noted open interest and volume extended the downtrend for yet another session on Wednesday, shrinking by nearly 7K contracts and by around 18.9K contracts, respectively. WTI still capped by $44.00 There is no change in the broad consolidation them

Photo: FM Plus500 has announced yet another sports sponsorship this Wednesday, with the London listed broker announcing that it has signed an agreement with Italian football team Atalanta Bergamasca Calcio to become its sole and exclusive sponsor. Under the agreement announced today, Plus500 will

AUD - Australian Dollar The Australian dollar surged back through 0.72 US cents through trade on Monday, lead higher following a jump in equities and an improvement in risk sentiment. Having struggled to break above 0.7170 through much of the domestic session the AUD rallied overnight touching intra

Yen rises broadly today as global treasury yields appear to be turning south. In particular, US 10-year yield is back below 0.7 handle in pre-markets. Dollar is pressured but holds on to recently established range. But overall markets are mixed with major European indices bounded in tight range. Aus

Photo: Bloomberg Nasdaq has announced the financial results for the second quarter of 2020, showing a net revenue of $699 million – a jump of 12 percent compared to the $623 million it reported the previous year for the same quarter. The index provider highlighted that it witnesed a 22 percent of

The UK CPIs Overview The cost of living in the UK as represented by the Consumer Price Index (CPI) for June month is due early on Wednesday at 06:00 GMT. Considering the pair’s recent upward trajectory, in contrast to the increasing odds of BOE’s rate cut, the inflation numbers will be the key for G

Russian energy minister Alexander Novak noted on Thursday that they haven't yet made any decisions on possible changes to the OPEC+ oil output cut deal. "According to the current deal, we will see the easing of oil cuts from August," Novak added and reiterated that a second wave of coronavirus could

GBP/USD has been trying to recover as markets stabilize and PM Johnson promises stimulus. Coronavirus concerns, Brexit, and pricing in of the plan may trigger another fall. Monday's four-hour chart is pointing to the downside. Another Boris boost? Markets expected a boost in investment after the la

WTI is erasing overnight bounce amid risk-off tone in the global markets.  Oil's daily chart shows a bearish reversal pattern. Oil is feeling the pull of gravity alongside losses in equities and increased haven demand for the US dollar, gold, and yen.  West Texas Intermediate (WTI) crude, North Ame