Financial News

Oil in Global Economy Series: Saudi Arabia likely to cut production further after November OPEC meeting

OPEC’s November meeting will mark the official anniversary of the OPEC/N-OPEC agreement that is aimed to reduce global supplies by 1.76 million barrels per day. OPEC members along with participating non-OPEC countries will be meeting in Vienna, Austria on 30th November.

Read more ...

FxWirePro: Intricacies of why to prioritize EUR/USD option structures over cash trades

Bullish EURUSD positions, ours included, were squeezed out by a trifecta of negative developments over the past week, specifically the upbeat Fed, the fractured outcome to the German elections (albeit this scarcely challenges perceptions of political stability in the core), and hopes that the Republicans can finally deliver a package of tax cuts.

Read more ...

FxWirePro: US inflation and Fed repricing trigger shorts in CME bullion futures of far-month tenors

Gold prices were hovering at two-week highs on Tuesday, as a number of geopolitical concerns boosted demand for safe-haven assets, although expectations for an upcoming U.S. rate hike still lent some support to the dollar.

Read more ...

FxWirePro: EUR/GBP Debit Call Spread to prudently mitigate FX risks on hawkish shift of BoE

The major trend of sterling has been downtrend that has turned into the consolidation phase from the last couple of months, accordingly, we have reserved our judgement about the consequences for GBP of a clear hawkish shift at the BoE and have been open-minded about whether we should position long GBP for the initial policy action, or short GBP for the possibility that the MPC could be about to commit a policy mistake.

Read more ...

FxWirePro Call Review: EUR/CHF bull call might sour on dovish ECB

After our June call to buy euro against franc at the then current rate of 1.089 with a target of 1.137 was a success, we initiated another bull call in September after booking profit in the previous one.

Read more ...
We Accept: Visa Card Payment Master Card Payment Skrill Payment Bank Wire Payment