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The American Petroleum Institute on Tuesday afternoon reported that U.S. crude-oil inventories rose by 4.78 million barrels last week, according to a source, who cited the data. The trade group also saw a 1.14 million barrel rise in supplies at Cushing, Oklahoma, the delivery hub for New York Mercantile Exchange futures. U.S. gasoline supplies, meanwhile, […]
EURUSD, “Euro vs US Dollar” After finishing the descending wave at 1.0700, EURUSD is consolidating above this level. Possibly, the pair may expand the range down to 1.0677. After that, the instrument may start a new correction with the target at 1.0822. GBPUSD, “Great Britain Pound vs US Dollar” Having completed the descending wave at […]
AUDUSD, “Australian Dollar vs US Dollar” In the H4 chart, AUDUSD is trading below the 200-day Moving Average to indicate a descending tendency. In this case, the price is expected to test 2/8, break it, and then continue falling to reach the support at 0/8. However, this scenario may no longer be valid if the […]
Type: Bullish BounceKey Levels:Resistance: 1.09215Pivot: 1.07694Support: 1.0711Preferred Case:On the H4, with price expected to bounce off the stochastic indicator, we have a bullish bias that price will rise to our 1st resistance at 1.09215 where the horizontal swing high resistance and 38.2% Fibonacci retracement is from our pivot of 1.07694 in line with the horizontal […]
CIBCFX FlowsEmmanuel Macron’s win was historic, first president to win a re-election in two decades as well as first to win while controlling the government. His victory was decisive but EUR$ price action was somewhat disappointing. Ended New York last Friday at 1.0790, pre-opened higher then paid at 1.0852 which was the official open and […]
Analysis from CoinShares shows investors favored smaller altcoins last week as capital outflows for Ethereum hit $17 million. 9927 Total views 53 Total shares Institutional investors have shifted their attention from Ethereum to competing layer-1 blockchains of late, with capital inflows for altcoin investment products increasing last week while Ether (ETH) products posted outflows for […]