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SINGAPORE CRUDE OIL NEWS AND CRUDE OIL TIPS
Crude oil prices rose on Wednesday as the dollar trimmed gains and a speech by US President Donald Trump offered little on plans by his administration to boost US oil production. The market is being underpinned by Opec's production cuts while rising US shale oil output is keeping a lid on prices
EUR/USD FOREX MARKET NEWS AND FOREX TIPS
The EUR/USD pair is back in the red zone and meanders near daily lows, as the US dollar staged a solid comeback from Trump’s speech induced declines, lifting the USD index back near five-day highs of 101.57. In terms of technicals, Omkar Godbole, Analysts at FXStreet notes, “A break above 1.06
GBP/USD FOREX TRADING TIPS FOR PROFITABLE INVESTMENTS
The GBP/USD pair remains better offered in the Asian trades, although makes minor-recovery attempts from session lows struck at 1.2422 amid weaker shorter-duration treasury yields, which capped the rebound in the greenback versus its main peers. At 1.2433, the resistances are aligned at 1.2453/60
EUR/USD FOREX TRADING TIPS
The recovery in EUR/USD from near 1.0550 region lost legs at daily highs of 1.0575, with the bears retaining control somewhat amid a rebound in the US treasury yields. In terms of technicals, the pair finds the immediate resistance 1.0620 (weekly highs). A break beyond the last, doors will open for
USD/CAD FOREX TRADING TIPS FOR DAY TRADING
Having posted a session high near 1.3120 region, the USD/CAD pair ran through some fresh offers and has now drifted into negative territory for the second consecutive day. Currently trading back below 1.3100 handle, around 1.3085 region, a fresh wave of US Dollar selling pressure during early
AUD/USD FOREX TIPS FOR DAY TRADERS
The downside in the AUD/USD pair following the release of the disappointing Australia capex figure has been capped by slightly dovish Fed minutes. The pair dropped to a low of 0.7665 before recovering to 0.7683 levels. AUD/USD pair was able to restrict losses to 0.7665 levels despite weak forward
CRUDE OIL TIPS FOR DAY TRADING
In commodities, oil prices gained following American Petroleum Institute data showing a surprise drop in US crude stocks last week. Official data from the US Department of Energy's Energy Information Administration is expected on Thursday. US crude added 0.9 per cent to $54.08. Global benchmark
USD/JPY FOREX TIPS FOR PROFIT EARNING
Broad based US dollar retreat appears to have stalled over the last hours, allowing a tepid-bounce in USD/JPY back towards the mid-point of 113 handle, with strong offer seen lying at 10-DMA barrier of 113.54. Earlier today, USD/JPY rapidly retreated from 113.72 highs after the US treasury yields
EUR/USD FOREX TIPS FOR DAY TRADING
The EUR/USD pair is seen meandering near five-day lows below 1.06 handle, and looks vulnerable amid broad based US dollar strength and widening European bond yields in wake of political uncertainty. Currently, the spot drops -0.28% to 1.0582, hovering within a striking distance of five-day lows of
EUR/USD FOREX RECOMMENDATIONS
EUR/USD failed to cut through 10-DMA hurdle of 1.0633 earlier today and fell to 5-DMA level of 1.0613 levels. The common currency ended Friday on a weaker note at 1.0608 levels. The Bank for International Settlement (BIS) Real Effective Exchange Rate (REER) data for January published last Friday