Tag: Oil Prices

January 23, 2024 BY Elizabeth Anderson

Weekly data: Oil and Gold

The most important economic data for this week are:  Tuesday:   BoJ Interest rate decision at 03:00 AM GMT. The market consensus is that the rates will remain static at -0.1%, while in the unlikely scenario any shift away from this figure will most certainly create volatility in the yen pairs.  Japanese Balance of trade at…

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GDP
September 29, 2023 BY Elizabeth Anderson

Bond market breathes much-needed sigh of relief

After just missing a 16-year high, US GDP data has shown yields to be marginally smaller than expected for September. The retreat in yields has allowed risk assets some breathing space, but with the 10-year note still above the 4.5% level, investors are anxious about a downward spiral in October due to Index uncertainty. Market…

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Forex Weekly Look Back
June 19, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: CMC Markets expands share baskets range, ASIC places new license conditions on SocGen

Global Fintech provider Broadridge Financial Solutions, Inc. (NYSE:BR), announced that LTX, its new AI-driven corporate bonds trading platform, has executed its first trades. In the creation of LTX, Broadridge partnered with Jim Toffey, founder of Tradeweb Markets. The platform combines artificial intelligence (AI) with a new digital execution protocol that allows broker-dealers to improve market liquidity,…

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Forex Weekly Look Back
May 01, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: A risk on scenario dominates the markets, IS Prime offers a solution to trading with negative prices

In recent months we’ve seen the US dollar index (DXY), which tracks the US dollar’s performance against a basket of six other currencies, surging to its highest levels since 2017. This last move higher occurred in tandem with the spreading of the coronavirus across the globe. However, the dollar’s upward path was already well underway…

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Forex Weekly Look Back
April 24, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: Oil prices turn negative for the first time in history, Plus500's CEO steps down

Australian brokerage firm Synergy FX, acquired by ACY Securities in 2018, was revived as Synergy Markets, lead by its founder Christian Dove. Synergy Markets opened for clients earlier this week and based on Synergy FX’s good standing in the industry, the rebranded version is expected to do well in the market. FX veteran Christian Dove, who ran the…

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forex market crypto news and updates
April 23, 2019 BY Valentina Kirilova

Daily Market News: No more Iranian oil

Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for April 23, 2019. The text below is an excerpt and does not contain the full analysis. Highlights include: Bitcoin Sees First Golden Cross Since 2015: Bitcoin’s 50-day moving average rose above its 200-day moving average…

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Could the struggling Canadian Dollar continue in 2019?
January 04, 2019 BY Valentina Kirilova

Could the Canadian Dollar struggle continue in 2019?

The following article was written by Reem Aboul Hosn, Research and Market Analyst Officer at Credit Financier Invest (CFI) Ltd. Despite a slight recovery in oil prices at the beginning of 2019, low oil prices could have a negative effect on Canadian economy this quarter. In October 2018 too many uncertainties pressured oil prices from…

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