EUR/USD 1.16286
0.022%
Gold 4207.81
-0.009%
Oil 58.193
-0.108%
USD/JPY 156.635
-0.162%
GBP/USD 1.33059
0.062%
GBP/JPY 208.423
-0.093%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Vankes A and H shares rallied in the afternoon, with Vanke Enterprise (02202.HK) rising over 10% and Vanke A shares gaining 8.6%."22 Vanke 06" fell nearly 11%, after rising as much as 28% earlier.December 10th - According to the Financial Times, four sources familiar with the matter revealed that Germany is prepared to fully support a German candidate to succeed Christine Lagarde as president of the European Central Bank (ECB), although the country is aware that its chances of securing this unprecedented position are slim. Bundesbank President Jean-Claude Nagel and ECB Executive Board member Martin Schnabel have both indicated their willingness to succeed Lagarde, whose term expires in 2027. Since the establishment of Europes highest monetary institution in 1998, there has never been a German passport holder as ECB president. Any potential successor would require strong support from their own government. Some sources said that Nagel has been lobbying Berlin for months to provide political support for his ECB nomination. According to two of the sources, Nagel has also emphasized that under his leadership, the Bundesbank has abandoned a hawkish monetary policy stance that historically sometimes isolated Germany from most other Eurozone members. This would make it possible for the Eurozones largest economy to secure the position for the first time.Vankes A-shares and H-shares both rose in the afternoon, with Vanke A shares up 2.5% and Vanke Enterprise (02202.HK) up 3.6%.According to the Financial Times, Germany acknowledges the high hurdles of the race for the European Central Bank presidency but remains determined to "actively participate" in the competition for this EU position, which no German has ever held before.

Crude Oil Price Prediction - Crude Oil Market Retracement

Daniel Rogers

Aug 31, 2022 11:28

 截屏2022-08-04 下午5.10.59_1024x576.png

 

The West Texas Intermediate Crude Oil market has retreated from the 50-day exponential moving average, indicating instability. At this point, the market is likely to experience significant volatility, with the $90.00 level below serving as potential support. If this level is breached, it is expected that the market will decline dramatically, maybe reaching the $85 level. This market continues to exhibit a great deal of erratic behavior, so I believe it's just a matter of time before buyers return; nevertheless, I do not believe the market knows what to do in the current scenario. I believe there are a number of factors currently working against the value of crude oil, not the least of which is the fact that the world economy is set to experience a severe downturn.

 

Brent markets have retreated during Tuesday's trading session as well, as we approach the 200-day exponential moving average (EMA). The 200 Day Exponential Moving Average is approaching the $97.40 mark, and it may provide some technical support. If this level is breached, it is anticipated that the market would decline to $92.50.

 

If we break above the highs of the previous 48 hours, the market might reach $105 per share. The prospect of a move to the $110 level is created if this level is breached. In spite of this, there is a great deal of noise in the market as a result of the Iranian deal potentially allowing for more oil to enter the market, a halt in output, and OPEC's suggestion that they may reduce. In other words, anticipate increased volatility.


Suggestion