The Houthis said yesterday they hit Saudi Arabia’s biggest refinery with a missile, and Saudi authorities did not immediately confirm any damage. The plant has a capacity of 550,000 barrels a day. Brent traded at $115.24 at 08:58 GMT, up $1.36 or 1.2 per cent from yesterday’s close, while WTI stood at $101.52, up $1.62 […]
Houthi refinery claim lifts oil Read More »
The NZDUSD has moved higher on four of five trading days this week, giving buyers something to build on after a sharp decline from the August high. The recovery has included a failed break below the rising 100-hour moving average and two successful tests of that moving average today. Those are encouraging developments for the
NZDUSD buyers are trying to make a play. The 38.2% retracement remains the next hurdle. Read More »
The GBP/USD pair began rising after taking liquidity from the latest bearish swing and has since gained 260 points. The pound posted solid gains for five consecutive days, invalidating Imbalance 30. This is the first step toward the formation of a bullish trend. In addition, a bullish Order Block and bullish Imbalance 31 have formed.
GBP/USD – Smart Money Analysis: The Pound’s Downtrend Is Losing Momentum Read More »
The HCOB flash euro-area composite PMI fell to 51.9 in October from 53.1 in September, its lowest reading since June. The figure, released at 08:00 GMT today, came in below a consensus of 52.7 and below every forecast in a Reuters poll of economists, whose median was also 52.7. No revision to September’s figures was
Euro-area flash PMI slows to 51.9, EUR/USD softer Read More »
The blockchain landscape has been through multiple cycles, starting from the hype around cryptocurrencies to explosive growth of NFTs, DeFi and web3 apps. As the discussions about growing momentum of RWA in blockchain space continue increasing, it is imperative to think about career opportunities in this new field. Real-world asset tokenization is another formidable paradigm
Is RWA the Next Big Career Opportunity in Blockchain? Read More »
The Elliott wave count on the four-hour chart for EUR/USD has become more complex. On the higher time frame (lower chart), the downward trend segment has taken the form of a five-wave A-B-C-D-E structure, which could be complete at any time, as it appears structurally complete. All waves in this segment are approximately equal in
EUR/USD Analysis – October 21: The Euro Remains Unchanged While the Pound Rises Read More »