Not clear where the tanker is headed A Gibraltar court released the Grace 1 tanker on Saturday and the ship is preparing for departure. The move came despite US objections and appeals. The US government issued a warrant to seize the ship, saying all oil aboard the ship is subject to forfeiture due to a
US futures pare all of its earlier gains before bouncing back a little now ForexLive I don’t think what China is talking about is anything new but perhaps it puts a dent in recent hope and optimism ahead of trade talks next month. That said, it is enough to temper with the calmer risk sentiment
What are some of the biggest traps you can fall into as a trader? Trading is a process that is different for every participant: a great deal of success depends on personal qualities and strengths. And yet, a number of things are universal – the similar challenges everyone goes through and the common traps that
Inflation data due from the US at 1230GMT. Headline CPI expected at 0.3% (prior 0.2%) CPI excluding food and energy expected 0.2%, prior 0.3% m/m 2.1% expected, 2.1% prior y/y Couple of quick previews.  Scotia: expected to reveal stable headline CPI at 1.7% y/y and unchanged core at 2.1% y/y The fact that core CPI
Narrow up and down trading range The NZDUSD has had an up and down day in a relatively narrow 36 pip trading range (for the day).  Technically, the “ups” today, were able to stay below a top side trendline, and the 100 hour moving average (blue line in the chart above).  That kept the sellers more in control.  The price
A technical signpost to watch for There are a lot of candlestick patterns. Some are more distinctive, some are less. It’s easy to be on the lookout for pin bars – candlesticks with long upper or lower wicks that indicate a reversal. However, such candlesticks, though quite common, do not appear all the time. Plus,