19 years in trading
The crude oil has stuck in a small range for a couple of weeks, but especially in the last 8-9 days. As the Crude oil invetories shows no clear signs in June, same as in May, it’s impossible to predict the possible move based on that data, but the price is still in the hands of the bulls. I wrote
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I didn’t posted week by week data because there was big changes in US crude oil stocks during May, from positive for the price with -4.983 on May 20 . to negative for the price a week later with 7.928 million barrels. No matter the down/up changes, the price remain bullish in May with high at $40.00 per barell, today
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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 coronavirus outbreak is causing tremendous human and economic hardship across the United States and around the world. The virus and the measures taken to protect public health have induced
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At today’s meeting the Governing Council of the ECB took the following monetary policy decisions: (1) The envelope for the pandemic emergency purchase programme (PEPP) will be increased by €600 billion to a total of €1,350 billion. In response to the pandemic-related downward revision to inflation over the projection horizon, the PEPP expansion will further ease the general monetary policy
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Crude inventories in the US rose by 4.590 million barrels in the week ended May 1st, 2020, following an 8.991 million increase in the previous period and compared with market forecasts of a 7.759 million advance, according to the EIA Petroleum Status Report. Meanwhile, gasoline inventories fell unexpectedly for the second straight week, down by 3.158 million. crude oil inventories 4590K
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Crude Oil is on the 6 day winning streak, reaching $24.44 for now as today’s highest level. After the slam of bellow zero, when the price reached a historical low of minus $37.00 per barel (May contract), the Oil has recovered and returned to decent and normal levels. As I wrote allready, my broker VantageFX has decided to made an
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In the week ending April 25, the advance figure for seasonally adjusted initial claims was 3,839,000, a decrease of 603,000 from the previous week’s revised level. The previous week’s level was revised up by 15,000 from 4,427,000 to 4,442,000. The 4-week moving average was 5,033,250, a decrease of 757,000 from the previous week’s revised average. The previous week’s average was
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At today’s meeting the Governing Council of the ECB took the following monetary policy decisions: (1) The conditions on the targeted longer-term refinancing operations (TLTRO III) have been further eased. Specifically, the Governing Council decided to reduce the interest rate on TLTRO III operations during the period from June 2020 to June 2021 to 50 basis points below the average
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Federal Reserve issues FOMC statement 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 coronavirus outbreak is causing tremendous human and economic hardship across the United States and around the world. The virus and the measures taken to
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Five hours before a collapse with WTI Crude Oil May futures I wrote an article in which I have warned about a strange development with Oil prices. In that moment, the WTI Crude Oil (May contract) were at aprox $16.00 and 5 hours latter the price fell for 330% to minus $37.00. A historical moment that’s for sure, as the
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If you are an amateur retail trader you’ve probably don’t know what in the hell is happening with Oil prices recently (I am not talking about the fall) and that’s not strange. We experienced traders are also confused, searching for the proper explanations. To be honest, I found a couple of good ones, but I can honestly say that I
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In the week ending April 11, the advance figure for seasonally adjusted initial claims was 5,245,000, a decrease of 1,370,000 from the previous week’s revised level. The previous week’s level was revised up by 9,000 from 6,606,000 to 6,615,000. The 4-week moving average was 5,508,500, an increase of 1,240,750 from the previous week’s revised average. The previous week’s average was
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Yesterday the gold price reached the highest levels since beginning of December 2012. with high at 1747.45. The current crisis with COVID 19 boosted the precious metal more and more week by week, but with huge declines in March. That’s how the precious metal fell in the middle of the March from 1703 to 1450 in hard selloff. The reason
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