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Monday, May 20, 2024

European Markets Wrap-Up | Crude Oil Technical Analysis – We are at a key resistance

Crude Oil Technical Analysis – We are at a key resistance

Fundamental Overview Crude oil has been falling steadily since topping around the $87.50 level following the mutual retaliations between Iran and Israel. The drop has been kind of a head-scratcher tho... 

tranche

How to select the best forex pair to trade?

One of the first questions beginner traders ask is what currency pair to trade. Unfortunately, there's lots of misinformation around and most of the time the advice they get is to trade the most volat... 

BOE's Broadbent: It is possible that a rate cut could come this summer

Less restrictive rates will depend on how the data is evolving But rates will have to be less restrictive at some point It is unclear how long second-rounds effects of inflation could persist This jus... 

Commodities are in the spotlight as the new week gets underway

Gold is up 1% on the day to trade at fresh record highs, keeping around $2,440 currently. The break above $2,400 at the end of last week is being built upon as we get into the new week. Buyers are kee... 

USDJPY Technical Analysis – The uptrend remains intact

Fundamental Overview Last week, we saw the USDJPY pair falling after the US CPI report as the market shrugged off rate hikes fears and consolidated the Fed's higher for longer stance. The following da... 

tranche

Latest Forex Orders

FX option expiries for 20 May 10am New York cut

There are a couple to take note of on the day, as highlighted in bold . The first ones are for EUR/USD at 1.0875 and 1.0900. That is likely to keep price action more compact in that range on the day,... 

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