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Oil Under Pressure As OPEC Raises Oil Supply Forecast for 2018

oil

The oil market remains under pressure this week following the latest report, where OPEC raises oil supply forecast stating it expects supply to surge over 2018. While the group acknowledges that oil demand is set to rise over the year, it expected rising US output to cause a disproportionate rise in oil supply. The latest OPEC report showed that production among ...

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Bond Yields Relative to Equity Indices

Bonds

One key metric I am watching is the extent to which US bond yields have risen relative to the S&P500 index. The chart shows the SP500 / 10-year yield ratio falling to its lowest level since March 2017: Here is what it means and imply: The sell-off in equity indices is surpassing the selloff in bonds (advance in bond yields), ...

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Stocks Threatened by Bonds

Stocks Threatened by Bonds

We could engage in a long fundamental discussions as to whether the 45% increase in US 10 year bond yields of the past five months to its highest level in four years (2.83%) will introduce a considerably higher risk premium to stocks valuation. Some could argue that depends on sectors, size of companies’ capitalisation, profitability and cash balances. Others will ...

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US Stock Markets Suffer Shock Collapse, Here’s Why

US Stock Markets

After a fairly quiet start to 2018, the stock markets suffer shock collapse as the S&P 500, the benchmark US equities index, suffered its biggest fall in six years and the Dow Jones suffered its biggest ever one-day decline. The sell-off was sparked by a surge in interest rates linked to stronger growth and rising inflation. Investors are increasingly expecting ...

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Oil technical-analysis

Oil technical-analysis

Crude Oil still holding trading zone as we advised early last week Market now facing resistance at 62.10 while Intraday support at 59.60 Another trading zone between those levels may took place , while as long as market holding trades above 59.60 the rebound correction may expand toward 63.60 zone Below 59.60 market may back ag ain to re-test 58.05 ...

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USDJPY 2018-02-19

USDJPY 2018-02-19

As we advised last week USDJPY managed to hold trades below 107.90 where market managed to fell toward target 105.80 level Itraday showing resistance at 107.20 where as long as market holding below more drop toward second target 104.50 may be available at market Above 107.20 more advance to re-test 108.20 will be expected

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GBPUSD 16-02-2018 Intra-day analysis.

GBPUSD

Daily Forex Market Preview, 19/02/2018 The U.S. dollar posted a rebound on Friday after briefly slipping sending most of the other major currencies to post fresh highs. However, the declines were short lived as the dollar managed to reverse the levels. The FOMC meeting minutes will be released on Wednesday and the markets are anticipating that the Fed could hike ...

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EURUSD 16-02-2018 Intra-day analysis.

Daily Forex Market Preview, 19/02/2018 The U.S. dollar posted a rebound on Friday after briefly slipping sending most of the other major currencies to post fresh highs. However, the declines were short lived as the dollar managed to reverse the levels. The FOMC meeting minutes will be released on Wednesday and the markets are anticipating that the Fed could hike ...

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NZDUSD 16-02-2018 Intra-day analysis

NZDUSD 16-02-2018 Intra-day analysis.

Daily Forex Market Preview, 16/02/2018 The USD was seen trading weaker across the board on Thursday. The biggest gains came from the Japanese yen which surged 0.82% on the day. Economic data from the U.S. was mixed. Producer price index data from the U.S. showed a 0.4% increase matching estimates and rising to an annual pace of 2.7%. Industrial production ...

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Gold 2018-02-19

Gold 2018-02-19

As we advised last week and as we see over our previous chart Gold managed to sustain advance after broke above 1340 where managed to met target 1350-55 zone As we see over the chart, Gold facing support zone at 1335-37 which may give another push toward 1370-75 zone Below 1337 more drop toward 1317 will be expected Above 1375 ...

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