EUR/USD 1.16436
-0.007%
Gold 4202.09
-0.158%
Oil 59.876
0.659%
USD/JPY 155.296
0.120%
GBP/USD 1.33325
0.040%
GBP/JPY 207.053
0.174%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On December 8th, the Election Committee of the 8th Legislative Council of the Hong Kong Special Administrative Region (HKSAR) announced the results of the functional constituency elections. Thirty seats were elected from 28 functional constituencies, and 30 members were elected as new Legislative Council members from these constituencies. The new Legislative Council will consist of 90 members, including 40 elected by the Election Committee, 30 elected from functional constituencies, and 20 elected by geographical constituencies. Earlier on the 8th, the list of the 40 newly elected Legislative Council members from the Election Committee had already been published. The list of the 20 members elected by geographical constituencies is expected to be announced on the same day. The term of the 8th Legislative Council of the HKSAR will begin on January 1, 2026, and will be four years.December 8th - Market speculation persists that the Bank of Japan (BOJ) may raise interest rates this month, but participants remain betting on a continued weakening of the yen. Traders at Bank of America, Nomura Holdings, and RBC Capital Markets say investor positioning reflects this bet. Citigroups "pain index" for the yen remains deep in negative territory, indicating continued negative sentiment towards the yen. Even with BOJ Governor Kazuo Ueda hinting at a possible imminent rate hike and the BOJ reportedly preparing to raise rates in December unless there is a major shock to the economy or financial markets, investors remain bearish on the yen. This is because even if the BOJ takes action, Japanese yields are still expected to be significantly lower than those in the US, which is more favorable for the dollar. Ivan Stamenovich, head of G-10 currency trading for Asia Pacific at Bank of America, said, "Positioning remains geared towards betting on the dollar to continue rising against the yen until the end of the year, and this trend is unlikely to change unless the BOJ delivers a real surprise." He added that Uedas hawkish comments sparked discussion about the currency pair, but market sentiment has not fundamentally changed.On December 8th, Israel Defense Forces Chief of Staff Zamir stated on the 7th that the withdrawal line drawn by the Israeli military under the first phase of the Gaza ceasefire agreement, known as the "Yellow Line," is the "new border" of the Gaza Strip. During an inspection of the Gaza Strip that day, Zamir said that the "Yellow Line" is the "new border" of the Gaza Strip, serving as both Israels forward defensive line and the boundary for Israeli military operations. Israel maintains operational control over large areas of the Gaza Strip and will continue to hold these lines. According to the first phase of the Gaza ceasefire agreement, the area outside the "Yellow Line" remains under Israeli control, and Israeli troops will no longer be stationed or conducting operations within the "Yellow Line."Anson Resources of Australia and Nusano of the United States have signed a lithium supply agreement.On December 8th, Venezuelan Vice President Rodríguez, speaking to oil industry workers at a heavy crude oil processing facility in Anzoátegui state on the 7th, urged the entire industry to remain "highly vigilant," noting that "the enemy never rests." Rodríguez reiterated that, given the current tense situation between Venezuela and the United States, the government will firmly safeguard national sovereignty and independence.

Weekly Crude Oil Price Prediction - Crude Oil Markets Continue to Fall

Alina Haynes

Aug 08, 2022 12:09

 截屏2022-08-05 下午4.50.14_1024x576.png

 

The West Texas Intermediate Crude Oil price has dropped below the $90 barrier for the second consecutive week. With this in mind, the market appears to be poised for a significant decline. If the price breaks below the bottom of the candlestick, there is the potential for a decline to the $80 level. Granted, this is a very noisy market, but it appears that the pessimism persists. Consequently, I believe we have a situation where we must view this through the lens of a lack of demand, as global markets will begin pricing in a significant downturn. That decreases demand.

 

Brent prices were also quite volatile, falling through the 50 Week Exponential Moving Average. If the price breaks below the bottom of the candlestick, a decline below the $90 level becomes possible. In such a scenario, the market could collapse to $80 in the near future. We just broke through a major trend line, and this negative development has now been reinforced.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads as low as 0 pips and a commission rate of $3.50 per 100,000 USD traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

Despite the fact that OPEC scarcely increased supply, prices continued to decrease anyway. As a result, you must pay close attention to the markets and what they are attempting to tell you at this time because this demonstrates the level of concern surrounding the man. More often than not, rallies will be sold into, and a collapse below the $90 level could unleash significant selling pressure.

Suggestion