Global oil demand on its way to recovery based on the latest forecast of the International Energy Agency (IEA), the WSJ reported Wednesday. The IEA raised its annual forecast for global oil demand by 230,000 barrels a day to an increase of 5.7 million barrels a day in 2021.The figures are still 3% short of 2019 levels, but investors will likely take this as a sign that … [Read more...] about Global Oil Demand on Its Way to Recovery, Says IEA
R0B0.1 Review
R0B0.1 is a 100% automated Forex EA that claims to let you trade even without any prior trading experience and to eliminate emotions from the trading process. The vendor portrays the robot as a functional system that’s affordable for all kinds of traders in a time when the Forex market is riddled with scams and fake offers. It promises to minimize your losses while making your … [Read more...] about R0B0.1 Review
ADX in Trading Strategy
Average Directional Movement Index (ADX) is a widely-used indicator that is often employed to measure how strong a market trend is. However, ADX is not used to determine whether a market has assumed a bullish or a bearish trend. It is used to assess the strength of a trend using the average expansion in price range values. How does ADX work? ADX determines the strength of … [Read more...] about ADX in Trading Strategy
USD/RUB Rally Persists As Gold Bounce Back Stalls
The Indian rupee is under pressure against the dollar as a surge in new coronavirus infections raises prospects of lockdown restrictions.The euro and British pound remain under pressure against the dollar at the start of the new week as the EUR/GBP bounce back gathers steam.Gold and silver were sliding lower on renewed dollar strength after an impressive performance last … [Read more...] about USD/RUB Rally Persists As Gold Bounce Back Stalls
U.S. Consumer Prices Climb By Most In Over Eight Years
U.S. consumer prices climbed by the most in over eight years in March, according to data released by the Department of Labor. The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6% in March, after a 0.4% rise recorded in February. The index fell by 0.3% in March 2020.The March month-on-month increase was the largest rise since a 0.6% increase in August … [Read more...] about U.S. Consumer Prices Climb By Most In Over Eight Years
