Oil slips towards $112 as growth worries weigh


By Christopher Johnson and Alice Baghdjian (Reuters) – Brent crude oil slipped to around $112 a barrel on Tuesday as investors weighed a weaker outlook for fuel demand and sluggish economic growth against the risk of possible supply disruptions. Global economic activity has slowed this year, curbing the growth in fuel demand in Asia, Europe […]

Online Forex Trading: The Benefits and Dangers


Online forex trading continues to grow in popularity all over the globe. The world wide web, and its increased level of availability, has made it easy for people to trade currencies from any location – including from the comfort of their own home. It has also become simpler for people to learn more about what […]

US Dollar Index Forecast September 26, 2012, Technical Analysis


By FX Empire Analyst – Christopher Lewis The US Dollar Index had a positive day after initially falling in the morning on Tuesday. However, we do remain under the critical 80 handle, and this suggests that we will see some type of resistance above. Nonetheless, it does look like the “risk off” attitude of traders […]

Gold Prices September 26, 2012, Technical Analysis


By FX Empire Analyst – Christopher Lewis The gold markets attempted to rally during the session on Tuesday, but were met with fairly strong resistance and ended up forming a shooting star. We are still sitting above the $1760 level, which of course has been showing support lately. Because of this, we aren’t ready to […]

Crude Oil Prices September 26, 2012, Technical Analysis


By FX Empire Analyst – Christopher Lewis The light sweet crude markets had a negative session on Tuesday after initially trying to rally. The resulting candle for the session was a shooting star, and this suggests to us that perhaps we are going to try and break through the $90 level. However, we suggest that […]

US Dollar Finds Support as S&P 500 Rally Pauses, Gold Aims Higher


By Ilya Spivak, Currency Strategist – DailyFX.com THE TAKEAWAY: US Dollar found interim support against a backdrop of cooling upside momentum in the S&P 500. Gold prices are aiming higher after clearing resistance. S&P 500 – Prices are retesting the previously broken top of a rising channel set from early June (1459.00) as support. A […]

Oil falls to $113, extends slide


Source: Reuters Moneycontrol.com Oil slipped to around USD 113 a barrel on Tuesday, extending the previous session’s steep slide, on concerns about slowing global growth and signs that Saudi Arabia is pumping at high rates to dampen prices.   A senior Gulf source said Saudi Arabia, the top crude exporter, was pumping around 10 million […]

Weekly Review and Outlook: Risk Rally Extended on Fed’s QE3, Euro Gained Most


From: Actionforex.com After much anticipation, Fed finally announced a new quantitative easing program that’s open-ended, and is focused on MBS last week. While ECB’s announcement of Outright Monetary Transaction paved the base for risk rally, stocks further skyrocketed after Fed’s announcement. S&P 500 jumped another 1.9% over the week to close at 1465.77 and is […]

S&P 500, Gold and the Dollar Await Anticipated Stimuli


By Gary Kerdus – DailyFX.com THE TAKEAWAY: S&P 500 matches May 20, 2008 high and stalls whereas crude continues to trade in a range. The dollar pushed lower only to find potential support at a past bidding point and gold awaits FOMC. S&P 500 – Prices bounced off support formed near the 1426.40 region (orange […]

Crude Oil Rose at $97/Barrel On Expectation Of FED Stimulus


Crude Oil is trading at 97.04 on the hopes of stimulus from the US Federal Reserve this week. Crude oil ticked higher reversing earlier declines though broadly it continued its consolidation. NYMEX crude oil traded in the vicinity of its three week high and Brent Crude oil rose above $115 a barrel. Further drawdown anticipated […]