Fx-jomic

Fx-jomic

here is buying opportunity of EUR USD price is trending above its support and the 50MA'S on the 30m time frame look for buying opportunities with take profit target at 1.221

Fx-jomic

hello traders here is buying opportunity of US CRUDEOIL the 15mn charts found support at 52.14 and we might set ties with $53 in general the market has become busier since Saudi Arabia caught the market by surprise in the first week of January when it said after the end of the OPEC+ ministerial meeting that it would unilaterally cut 1 million bpd off its crude...

Fx-jomic

The GBP/USD pair trimmed most of its weekly gains on Friday and settled in the 1.3580 price zone, amid risk-off fueling dollar’s demand. The pound enjoyed some temporal demand after the release of the monthly Gross Domestic Product figure, which came better than expected. According to the official release, the GDP contracted 2.6% in November against the -5.7%...

Fx-jomic

OPEC’s crude oil export revenues for 2020 could decline to $323 billion, the U.S. Energy Information Administration said in a new report, noting that this would be the lowest revenue level in 18 years. This would compare to $595 billion in oil revenues for 2019, the authority added. Unsurprisingly, the biggest chunk of OPEC’s collective oil revenues for 2020 will...

Fx-jomic

prices dropped early on Friday, as expanding lockdowns in China weighed on market sentiment about immediate global oil demand, while a stronger U.S. dollar also dragged crude futures down. Expanding lockdowns in China, where as of Friday, there were 22 million people on lockdown, weighed on the market. China is grappling with its worst resurgence of the...

Fx-jomic

The GBP/USD pair has been torn between optimism about the UK vaccine rollout and US stimulus hopes. Tentative signs of Britain turning a corner on the signs of Britain turning a corner on the second wave may boost sterling. The UK vaccination campaign continues at full speed, hitting 4.52% of the population – the highest in the Western world. Investors are...

Fx-jomic

Oil prices beat a modest retreat overnight with official US Crude Inventory data broadly neutral. Headline crude inventories fell more than expected, but distillates and gasoline inventories rose more than expected. as always oil doesn't apply the fundamental news most of the times and the price keep drooping since last session if you were fallowiing my last two...

Fx-jomic

hello traders here is quick fallow up from my previous analysis on oil price rejected from $53.35 which is acting as resistance now and its tending below its moving averages on my opinion the price action is giving us a clear picture of downtrend move look for further selling opportunities with TP targets at $51

Fx-jomic

The global oil market is in flux once again. The bulls are fighting it out with the bears as COVID lockdowns come into force around the world. Oil prices may have hit 10-month highs on the back of extended production cuts from OPEC+ but black clouds have re-emerged on the horizon as the majority of OECD markets appear to be struggling with a new strain of...

Fx-jomic

GBP USD is currently trending below the 1.35 while the U.S. dollar is gaining ground and this has alot to do with this on Friday,s the Non Farm Payrolls report showed that the U.S. economy lost 140,000 jobs in December. This report highlighted the need for additional stimulus. Interestingly, the U.S. dollar continues to rebound despite strong stimulus...

Fx-jomic

The greenback rebounded strongly at London’s trading session on Monday, over big gains sighted in the U.S. Treasury yields saw currency traders and hedge funds are tempering their bearish bets causing the U.S dollar to move further away from the multi-year lows sighted in recent weeks. there is a great selling opportunity as you can see on the hourly chart wait...

Fx-jomic

.S. West Texas Intermediate crude oil futures continued to move higher on Friday with last February’s high at $53.60 well within reach. Investors continue to look beyond rising coronavirus cases, instead choosing to focus on the prospect of lower supply after Saudi Arabia pledged to cut output in February and March. Also underpinning the crude oil market is this...

Fx-jomic

The upside momentum in EUR/USD run out of steam in the 1.2350 area for the time being followed by a moderate correction lower. In spite of the corrective downside, the outlook for EUR/USD remains constructive and appears supported by prospects of a strong recovery in the region (and abroad), which is in turn underpinned by extra fiscal stimulus by the Fed and the...

Fx-jomic

The GBP/USD pair had good two-way price moves through the early European session and was last seen trading with modest losses, around the 1.3600 mark. we are waiting major news coming out in the US session traders now looking forward to the US economic data highlighting the usual Initial Weekly Jobless Claims and ISM Services PMI. The data along with the...

Fx-jomic

hello traders here is new update to our previous analysis the prices remained elevated and were still on the rise on Thursday, hitting an 11-month high, as the effects of Saudi Arabia’s surprise announcement about an additional million barrels of crude oil production cuts still has enough juice to withstand civil unrest in the United States and the global...

Fx-jomic

hello trades here is fallow up analysis for my previous US CRUDEOIL after Prices have been on a tear this week, jumping particularly sharply yesterday, after Saudi Arabia announced it would implement unilateral additional oil production cuts of 1 million bpd on top of its OPEC+ mandated cuts. clearly we will have down trend scenario wait the price to test the...

Fx-jomic

ello traders here possible buy set up for GBP USD fundamentally speaking here is what's moving GBP USD The dollar weaken today with Democrat confidence growing of victories in the U.S. Senate which is likely resulting in more stimulus and infrastructure spending., which's not good for the Dollar look for buying opportunities as long as 1.35 is your support

Fx-jomic

hello traders here Oil prices jumped on Tuesday morning as OPEC+ agreed to push back the expected production increase until next month. there is down side risk but i see more restraint as bullish for oil. so its no surprise to see the price testing the support line before we set ties with $51 look for buying opportunities as long as the $49.42 support holds