WTI Oil Holds Steady as OPEC+ Delays Meeting Amid Mixed Market Signals
Oil prices stabilized on Thursday after three consecutive days of losses, with West Texas Intermediate (WTI) crude finding support following OPEC+’s decision to postpone its December 1st meeting. The delay has fueled speculation that the group may extend its current production cuts rather than begin unwinding them, providing some optimism for price stability. Geopolitical Tensions […]
Exclusive: Waleed Salah to Launch Marketing Firm “Jabal” in Dubai
Waleed Salah, a seasoned executive in the MENA forex industry, is set to launch a new marketing and business development advisory firm named Jabal. Based in Dubai, the firm will focus on providing services to FX and CFD brokers and is scheduled to officially begin operations next month. With over a decade of experience in […]
CMC Markets Clarifies Position on StrikeX Investment
CMC Markets plc (LON:CMCX), a leading global online financial trading company, has released a statement regarding its investment in StrikeX, addressing recent reports and reaffirming its commitment to the partnership. Lord Peter Cruddas, CEO of CMC Markets, emphasized the company’s support for StrikeX’s vision and innovations in blockchain technology, including advancements in self-custody, tokenization, and […]
USD/CHF Rally Faces Challenges Amid Treasury Nomination and SNB Policy Speculation
The USD/CHF exchange rate has encountered increased volatility following the nomination of Scott Bessent as U.S. Treasury Secretary and comments from Swiss National Bank (SNB) Chairman Martin Schlegel signaling a potential return to negative interest rates. While the pair remains in an uptrend, mixed signals from fundamental and technical factors suggest a complex road ahead. […]
Crude Oil Outlook: Geopolitical Risks and OPEC Meeting Shape the Week Ahead
Crude oil prices are at a pivotal point as geopolitical risks and OPEC’s upcoming meeting on December 1 take center stage. The market faces conflicting forces, with rising supply concerns tied to global conflicts and potential changes in OPEC’s production quotas creating an uncertain outlook. OPEC Meeting and Production Challenges OPEC’s decision this Sunday could […]
USD/JPY Decline Reduces Risk of Currency Intervention
The USD/JPY exchange rate is losing momentum after recent highs, potentially easing the likelihood of currency intervention. The rally following the U.S. election appears to be unraveling, and the pair has dropped toward the weekly low of 153.28, after failing to sustain gains near the monthly high of 153.86. This weakness in USD/JPY coincides with […]
Australian Dollar Faces Resistance as AUD/USD Rebound Looks Fragile
The Australian Dollar (AUD) has staged a modest recovery after falling nearly 3.6% from its monthly highs. As AUD/USD approaches a critical resistance zone, its rebound remains vulnerable, with the broader outlook still favoring the downside. The weekly close will be pivotal in determining the pair’s direction into the month’s end. Key Technical Levels The […]
USD Regains Momentum: EUR/USD Eyes Key Levels, USD/JPY Faces Resistance
The US dollar index rebounded on Wednesday, snapping a three-day losing streak and signaling a potential continuation of its bullish trend. This recovery places EUR/USD at risk of falling below 1.05, while USD/JPY flirts with a breakout. USD Index Resumes Bullish Trajectory The USD index reversed its recent retracement, recovering earlier losses and inching closer […]
