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Many investors were stunned by the recent slump in oil prices. The price of this very important commodity dropped more than 25 percent over a couple of weeks and declined from 76 USD a barrel to 56 USD a barrel. At this point, oil finally found some buyers and we

Bitcoin suffered a sharp drop last week, along with most of the cryptocurrency industry, on account of the uncertainty surrounding the Bitcoin Cash hard fork. This has reminded market watchers that similar problems could also arise for other altcoins, particularly those dependent on the mining community and its consensus. Still,

The USD/CAD pair caught some fresh bids at the start of a new trading week and recovered a part of Friday’s slide to over one-week lows. With investors still assessing Friday’s dovish comments by the Fed Vice Chairman Richard Clarida, saying that interest rates are nearing a neutral rate, a

Gold futures are inching lower early Monday on low volume, following Friday’s strong surge. Traders are attributing the low volume to the lack of fresh economic data and the U.S. holiday-shortened week. Profit-taking is also weighing on the market after prices rose four-consecutive sessions last week. Underpinning the market is

GoldThe gold prices bounced higher during the Friday’s trade session, reaching towards the $1220 level. The market has broken above the 50 Day EMA which a good sign but the $1250 level above continues to offer strong resistance. The $1200 level underneath, continues to offer strong support and if it

Natural Gas futures gapped higher on the opening early Monday. An early session surge, however, fell well-short of last week’s high at $4.964. Prices have since been driven back below the opening and are currently in a position to fill the early gap at $4.538 to $4.412. The early session

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are edging higher on low volume early Monday. Light short-covering is behind the moves as some investors adjust positions on the thought that OPEC and its allies may soon announce another round of production cuts to stem the oversupply situation.At

The Australian and New Zealand Dollars surged last week in reaction to signs inflation data and the Fed may be slowing enough to change the pace of future U.S. interest rate hikes. Furthermore, strong employment data in Australia increased the chances of an earlier than expected rate hike. Additionally, Kiwi

Germany equities were lower at the close on Friday, as losses in the Technology, Industrials and Basic Resources sectors propelled shares lower. At the close in Frankfurt, the DAX declined 0.11%, while the MDAX index lost 0.24%, and the TecDAX index fell 0.08%. Declining stocks outnumbered rising ones by 374

The GBPUSD pair opened for the week on flat note and has maintained a range bound fashion similar to EURO, but the price action also shows signs of bearish bias. While two major figures resigned from Prime Minister May’s Tory party, there wasn’t any other major headlines surrounding Brexit as

Bitcoin Cash – ABC on the RiseBCH ABC turned the screw on Sunday, rallying 15.01% to end the day at $287.53, with BCH SV sliding by 22.45% to end the day at $86.47.For BCH ABC, it was a particularly bullish day, with BCH ABC rallying through the day to a

The EUR/USD pair on Friday moved back above 1.14 handle as news hit market that US President Trump mentioned China wants to make a trade deal. While Trump mentioned that the deal between US & China hasn’t reached an acceptable level, US Government will not impost any new tariff’s upon

The Dollar/Yen retreated last week, led by lower Treasury yields. The catalysts behind the move were an easing of concerns about overheating inflation and the Fed’s softening tone about economic growth. Traders were primarily reacting to the October consumer inflation report and somewhat dovish comments from Fed Chairman Jerome Powell

Gold futures may have formed a major bottom last week with the rally being fueled by a weaker U.S. Dollar. The technically bearish chart pattern formed by the dollar on the weekly chart suggests a major top may have been reached and this could trigger a strong surge in gold

Natural gas futures finished higher last week after posting a pair of the most volatile consecutive daily price swings in its history. Buyers stepped in at the end of the week after a double-digit price surge on Wednesday and a double-digit plunge on Thursday.To recap this week’s events, the market

U.S. West Texas Intermediate and international-benchmark crude oil futures finished lower last week, but the markets did start to show signs of stabilizing after a steep plunge on Tuesday. Furthermore, the price action suggests there was a divergence from the bearish American Petroleum Institute (API) and U.S. Energy Information Administration

On Monday, the EURUSD pair declined below the previous swing lows of 1.13 and created new lows, which according to the technical analysis definition, confirmed the long-term downward trend and set the 1.10 level as the new target for bears. Again, according to technical analysis theory, the next rally might

Bitcoin CashBCH ABC and BCH SV continued to battle it out on Saturday, with investors seemingly in favour of Bitcoin Cash SV, which managed to recover more of Thursday’s slide, while BCH ABC struggled to hold onto the hash power through the day, the pair seeing hash rates converge before

Bitcoin CashBCH ABC and BCH SV continued to see choppy waters on Friday.For Bitcoin Cash ABC, it was a particularly bearish Friday, sliding by 15.89% to end the day at $256.25, the only positive being a recovery from a late intraday low $243.88, though this may provide little comfort to

Gold prices surged higher on Friday as the dollar eased against most major currencies. US yields continued to have difficulty breaking out despite a stronger than expected retail sales report on Thursday. Friday softer than expected industrial production, appears to be the catalyst that drove yields lower.Technical AnalysisGold prices surged