Monthly Archives: November 2020

US Crude Oil Inventories shows mostly positive data for the price since July, but the price is still moving in between $35 and $43 per barrel

While the Crude Oil Inventories is mostly positive for the price since July, market players don’t see any reason for move the price above $43, or they simply can’t do it? That’s how the price is stuck in between $35 and $43 from months, as I wrote recently here. Lower point and strong support is placed at $34,50-$36,00, while the

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FED; FOMC leaves rates and bond buying unchanged

The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world. Economic activity and employment have continued to recover but remain well below

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BoE; Bank Rate held at 0.1% and asset purchases increased by £150bn

The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment.  In that context, its challenge at present is to respond to the economic and financial impact of the Covid pandemic.  At its meeting ending on 4 November 2020, the MPC voted unanimously

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When to close a loosing trade!?

There are several warning quotes for this theme, coming from the best traders around the world; “If you can’t take a small loss, sooner or latter you will take the mother of all losses” ED SEYKOTA “The elements of good trading are; cutting losses, cutting losses and cutting losses” ED SEYKOTA “Cutting a losing trade quickly clears your head and

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