Crude Oil Price: Here’s What to Expect Amid High Volatility
The crude oil price has been subject to volatility since the beginning of the week.With the ongoing OPEC+ crisis, investors are keen on the unfolding of the oil supply status. The…
USDCAD Bounces off 1.2300 As Dollar Strengthens, and Ethereum Outperforms Bitcoin
The Canadian dollar is trying to shrug off dollar strength in support of a spike in oil prices.The yen continues to strengthen across the board amid building risk aversion.Silver is…
AUD/USD Forecast Ahead of the RBA Interest Rate Decision
The AUD/USD pair has formed an inverse cup and handle pattern ahead of the upcoming Reserve Bank of Australia (RBA) interest rate decision. The pair is also little changed as…
Crude Oil Futures Reach 3-year High topping pre-pandemic levels
Crude Oil futures topped $76 per barrel, reaching a 3-year high. OPEC meeting agreed to maintain oil production to less than 0.5 million b/d but promised to increase production to 2…
S&P 500 Forecast: Bullish Trend to $4,500 Still Intact
The S&P 500 is hovering near its all-time high as its bullish momentum accelerates. The index closed at $4,291, its 32nd record close this year. It has jumped over 40%…
GBPUSD Forecast Ahead of UK House Price Index Data
The GBPUSD is under intense pressure as the delta vaccine dents the country’s recovery efforts. The pair has dropped to 1.3866, which is about 1% below the highest level last…
BTC/USD Tanks Below $30,000 As Oil Prices Rally To 2-Year Highs
Bitcoin is under pressure amid heightened trading and mining crackdown in China.EUR/USD bounce back has stalled amid a resurgent dollar.Oil prices rally past the $75 is attracting strong resistance amid…
Gold Price Rebounds As Safe Haven Demand Signals Extreme Fear
Gold price is on a rebound to $1,774.78 after experiencing its worst week since the onset of the coronavirus pandemic.According to the fear & greed index, fear drives the markets…
Nasdaq 100 Rockets to All-Time High Even After Hawkish Fed
The Nasdaq 100 index rose to a record high on Thursday even after the relatively hawkish Federal Reserve interest rate decision. It rose to $14,165, bringing the total gains from…
Is the Zoom Stock a Buy After Strong Earnings?
The Zoom Video stock price jumped by more than 2% in the after-hours trading after the company published strong quarterly results. The stock ended the day at $327, which was…
GBP/JPY Breakout Despite the Mess Across the Board
The sentiment of indecision still prevails. Last week gave us some signs that investors might be getting over recent losses in risk assets. Major stock indices finished the week positive.…
Gold Price Past $1,900 as US Dollar and Bond Yields Plunge
Gold price is on a 4-month high after moving past the psychological level of $1,900.The US dollar’s downtrend, which has lasted since the beginning of April, has fuelled the rally.The…
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