Oil prices keep going down. The situation is mainly caused by fears connected with the European and Chinese economies. Another major factor contributing to the decline is the absence of any clear signs of Federal Reserve’s further monetary policy.
The WTI (Light Sweet Crude Oil) futures contract for August delivery has depreciated by 0,46% or $0,41 down to $88,81/b. The Brent futures contract for September delivery has lost $0,3 or 0,29% and is now valued at $103,7/b.
China’s Premier Wen Jiabao says that the situation in the domestic labor market is negative. There are risks that the world’s 2nd largest economy will slow down even more, thus affecting oil prices.
According to Masterforex-V Academy, the WTI oil futures contract is still forming a short/mid-term rally. July’s high - $88,98/b – is broken. The next level of resistance is $89.94/b. The bullish trend may be reversed only after the price breaks and consolidates below the mF pivot (as shown below):
GKFX: Updated “Market Depth” for MT4 – for Those who Want to Win
Go and conquer new dimensions of thinking. B. Werber
These days anyone may work at forex market. However, stable earning on a regular basis is only for those traders that are ready to “conquer new dimensions of thinking”, have adequate reaction to any changes at rapidly progressing markets, and remain cold-minded when taking informed decisions on the basis of thorough analysis.
It’s been almost 12 months since Facebook’s IPO. Most investors are still pondering whether they made a mistake by investing in Facebook’s stock. Some experts say that this was one of the most significant IPOs in the 21st century. However, many investors eventually suffered major losses since the IPO wasn’t successful.
Google and Microsoft are having disputes once again. This time it is all about the mobile version of YouTube. According to several internet sources, both the companies created mobile apps so that users could watch YouTube videos on Android-powered and Windows-powered smartphones.
Every trader strives for consistently profitable trade in most comfortable conditions. However, not every forex broker can satisfy trader’s needs. Only those companies that have a wealth of experience of work at financial markets possess considerable capital to support their clients’ investments and trade. They constantly innovate and improve trading conditions, thus being trusted by the community of traders and investors.
Barclays Capital experts say that the British Pound is about to see a period of weakness. They name 4 major factors that will contribute to the decline:
Firstly, the British Pound will be influenced by the pace of economic growth in the UK and the USA. They say that the current economic situation in Great Britain is even worse than overseas, simultaneously pointing out that the pace of the British economic recovery will yield to the US one.