Oil prices will remain higher than $100 per barrel in the coming months, reflecting the geopolitical risk from Russia’s war in Ukraine and the tight energy markets with the current and potential future sanctions against Russia, the Energy Information Administration (EIA) said on Wednesday. Brent Crude prices are expected to average $105.22 per barrel this year,...
Oil Price forecast for March 2022. In the beginning price at 107.02 Dollars. High price 139.13, low 90.50. The average for the month 107.13. The Oil Price forecast at the end of the month 91.88, change for March -14.1%. Brent oil price forecast for April 2022. In the beginning price at 91.88 Dollars. High price 91.88, low 84.91. The average for the month 88.72....
The Central Bank of Ecuador is planning to issue cryptocurrency-specific regulation later this year. According to statements from Guillermo Avellan, the manager of the Central Bank of Ecuador, this will bring more clarity to the cryptocurrency scene in the country, and will contribute to preventing crimes such as money laundering. Central Bank of Ecuador Has Eyes...
Argentinian Government Raises Energy Costs Almost 4x for Cryptocurrency Miners The Energy Secretary of Argentina eliminated power subsidies for cryptocurrency miners, raising the cost of energy to almost 4x what the miners were paying before. The measure affects customers of the wholesale power market in the Tierra del Fuego province, one of the provinces more...
Morgan Stanley Jumps On The $100 Oil Bandwagon Morgan Stanley expects oil prices to hit $100 per barrel in the second half of the year, becoming the latest major Wall Street bank to expect triple-digit oil prices by the end of 2022. The oil market is headed to a “triple deficit” of low inventories, low spare production capacity, and low investment, Morgan Stanley...
Week Ahead The earnings season enters one of its busiest phases in the coming week, with Apple and Microsoft reporting quarterly results, while central banks in the US and Canada will be deciding on monetary policy. Elsewhere, flash PMI surveys for the US, UK, Eurozone, Japan and Australia will be keenly watched, as well as Q4 GDP updates from the US, Germany,...
The euro changed hands at $1.135 during the third week of January, down from a recent two-month peak of $1.148 and following a jump in yields over the past few days. Concerns over imminent policy tightening in the US resurfaced after several Federal Reserve officials signaled they were prepared to hike interest rates in March to combat inflation. At the same time,...
A peak performance trader is totally committed to being the best and doing whatever it takes to be the best. He feels totally responsible for whatever happens and thus can learn from mistakes. These people typically have a working business plan for trading because they treat trading as a business. When I get hurt in the market, I get the hell out. It doesn’t...
The crypto market continued lower over the past 24 hours following a selloff led by technology stocks in the US on Thursday. The falling prices were accompanied by liquidations across the crypto market, with one analyst saying the leverage flush-out could potentially set the market up for a “relief rally.” Here I show you my Reading expectations. Pur always...
The Australian Dollar is holding near its multi-week high early Monday on low volume. Monday, December 27 and Tuesday, December 28 are essentially bank holidays in Australia with the financial markets closed because of Christmas and Boxing Day. There are no major economic reports in the United States either so traders are going to have to rely on risk sentiment...
If we break above the 1.14 handle, then I think that the Euro goes looking towards 1.15 handle, followed by the 1.16 level. If we break down below the 1.12 handle, then that opens up a move down to the 1.10 level where we have a lot of psychological and structural support. Either way, I think you have to wait for some type of break out to get involved, because...
The CDC first designated Omicron as a Variant of Concern on December 1, but crude oil bottomed on December 2 when OPEC+ made its output decision.OPEC+ Decision Shifted Momentum to Upside, Not Easing of Omicron Fears So what happened on December 2 to turn crude oil prices higher? OPEC+ agreed to go ahead with oil output increase. It didn’t cave into U.S. pressure...
At this point, buying small dips might be the way to go going forward, but you need to keep your position size reasonable because of the lack of liquidity for the next 10 sessions or so. With that in mind, be cautious, but I certainly think you should be looking higher at this point.
How will EURO USD CONTINUE? MY ANALYSIS I AM SHORT ON EURO FUNDAMANTALS TECHINCAL ANALYSIS Keep always on mind: PUT STOP LOSS ORDERS AND... Trends change....
In one word: ALL. “Price makes news, not the other way around. A market is going to go where a market is going to go.” We all see the same charts, but at the end of the year only 5-10% will increase their capital. Year by year. I tried Turtle Trading System I and II, but it failed over 60% of time. It did not recognize the fake breakouts. So after 20 years of...