US natural gas futures climbed past $2.7/MMBtu, propelled by heightened weather predictions of increased heat. Gas traders remain vigilant in assessing the ramifications of Hurricane Idalia on supply and consumption. Having made landfall in Florida last Wednesday, the hurricane's impact led to power disruptions and a decline in gas demand for the affected area....
Gold rose above $1,790 an ounce on Friday, benefiting mainly from the dollar’s weakness as investors cautiously awaited key US inflation data and the Federal Reserve’s policy decision next week. The US producer price data due for release later today and the consumer price data scheduled for next week could shed light on the state of inflation and influence...
Gold prices that had traded plummeted to near the lowest level of two months turned to jump up to 1% in the previous trading session. This was triggered by disappointing US manufacturing data, which also fueled speculation of further interest rate cuts by the Fed. The US manufacturing sector in September reportedly contracted to the weakest level in more than a...
Weaker-than-expected US manufacturing sector data, which also fueled fears that the US economy is heading for a recession's brink of making the USD / JPY currency pair slip from a two-week high. A data show that the US manufacturing sector contracted to its lowest level in more than a decade in September as deteriorating business conditions amid tense US-China...
Concerns over excessive supply, amid expectations of cuts in oil supply by OPEC still weighing on oil price movements.
ENTRY BUY: 113.153 TAKE PROFIT: 113.929 STOP LOSS: 112.527
ENTRY SELL: 1.13934 TAKE PROFIT: 1.13028 STOP LOSS: 1.14664
ENTRY BUY: 1.80117 TAKE PROFIT: 1.82498 STOP LOSS: 1.78196
ENTRY SELL: 0.8919 TAKE PROFIT: 0.87473 STOP LOSS: 0.9005
BUY AREA: 1.89846-1.90340 TAKE PROFIT: 1.95518 STOP LOSS: 1.87025
SELL AREA: 0.7638 TAKE PROFIT: 0.7517 STOP LOSS: 0.7736
SELL AREA: 0.9526-0.9541 TAKE PROFIT: 0.9401 STOP LOSS: 0.9610
GBP/AUD is expected to move bearish below 1.78767, where in previous trading the price has broken the support at 1.80602.
GBP/USD forms a channel up pattern and breaks the lower line. Therefore, there is potential for GBP/USD to move bearish.
Long above 0.4539, with 0.4908 as Target, and 0.4389 as Stop Loss
Long above 0.9722, with 0.9986 as Target, and 0.9658 as Stop Loss
Long above 75.52, with 77.64 as Target, and 74.08 as Stop Loss