Post Tagged with: "Oil Prices"
Commodities Supportive For Majors – Video Analysis
Hello traders! Stocks are higher and the USD reached new lows against the majors during Asian session. It seems that this type of a price action will continue this week, especially after a sharp impulsive break on EUR/USD yesterday out of its 6-day consolidation range. USD weakness is also seen across the board because of higher
Arab Winter
The Arab Spring was one of the main news themes of 2011. The ousting of the regime in Tunisia triggered moves around the Arab world. Egypt’s Mubarak was overthrown in a matter of weeks. Uprisings began in Libya and ended successfully after a bloody civil war. The tensions there (and also in other countries) pushed
How might the closure of the Strait of Hormuz affect the forex markets?
Guest post by Elizabeth Goldman on behalf of Sunbird FX – all views and opinions expressed are her own and not of the company or ForexCrunch.com. As you will no doubt be aware, the Strait of Hormuz nestled in the Persian Gulf between UAE and Iran is a vital stretch of sea when it comes to oil
Gold for Oil: India and Iran Ditch Dollar – Report
According to a new and yet unconfirmed report, India bought oil from Iran using gold. India certainly has the gold resources to fund the oil, while Iran is under pressure by the West, due the continuation of its nuclear program. There were reports that officials have been floating this idea for some time, and now,
Israel-Syria-Lebanon Clash Could Precede Iran War
A confrontation of the West and Iran could start in a so called “proxy war” between Israel and its two northern neighbors, Syria and Lebanon, where the Shiite Hezbollah calls the shots. Oil and currencies could move well before the conflict reaches Iran. In the middle of the civil war raging in Syria, the Assad
Iran On Alert For War – Full Scale Military Conflict in Coming Days?
Tensions between the West and Iran are on the rise. After landing an American drone, the Iranian Revolutionary Guard has been put on alert for an imminent war. Operational readiness has been heightened, especially against external strikes and secret operations. Another sign of defiance came from Lebanon: The leader of Iran-backed Hezbollah, Hassan Nasrallah, came
5 Reasons Why Israel Will Not Attack Iran – But if It Will, How will Currencies React?
On November 8th, The International Atomic Energy Agency(IAEA) is due to publish an updated report about Iran’s nuclear program. It is expected to provide new and worrying details about Iran’s nuclear capabilities. Towards this event, news about an upcoming Israeli attack on Iran have emerged. The chances of an airstrike to happen are low. 5
Gold Seems Unstoppable, Oil Leaning Lower
The recent turmoil in financial markets has a mixed impact on currencies, but with commodities the picture is quite clear. Precious metals go up while all the rest fall. The price of the precious yellow metal just doesn’t stop. It breaks record after record and is now only $150 below the round $2000 line. Support
USD/CAD Partiy Only a Step Away
The Canadian dollar is retreating against the US dollar as markets tumble down. It is only one resistance level away from parity. Quick update. It isn’t only the downgrade by S&P, but also the things that happened beforehand and afterwards, that weigh on the loonie: Internal reasons: Mixed employment figures: Canada saw a drop in
US throws down the gauntlet to OPEC
On a day when Europe was again convulsing with the question of how to respond to the sovereign debt crisis, it was the decision of the International Energy Agency (IEA) to release 60m barrels of oil which really captured the attention of investors and traders. Brent crude, which yesterday morning was trading up at $114