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Oil Extends Drop Below $60 as Producers Tussle for Market Share
December 12th, 2014
Oil extended losses below $60 a barrel amid speculation that OPEC’s biggest members will defend market share against U.S. shale producers. Brent also slid after closing at the lowest price since July 2009. West Texas Intermediate futures fell as ...
Thursday December 11: OSB Daily Technical Analysis – Indices
December 11th, 2014
OSB Daily Technical Analysis for December 11, 2014 The S&P 500 sold off heavily on Wednesday closing at the lows of the day. The S&P charts looks damaged on the short term time frame with a possibility of further ...
HSBC sets aside head of European forex trading
December 11th, 2014
HSBC has sacked its European currency trading chief in the wake of a huge $618m (£394m) fine for manipulating the £3.3trn a day foreign exchange market. The bank is understood to have “let go” Stuart Scott on Tuesday following ...
Thursday December 11: OSB Daily Technical Analysis – Commodities
December 11th, 2014
OSB Daily Technical Analysis for December 11, 2014 Gold attempt to push higher faltered as it approached the $1240 resistance area selling off in the $1220 area. Price action suggests upside momentum build-up with an effort to go ...
Thursday December 11: OSB Daily Technical Analysis – Currency pairs
December 11th, 2014
OSB Daily Technical Analysis for December 11, 2014 EURUSD cleared the 20 DMA closing at the peak of the day suggesting further upside. Overhead resistance at 1.2450-75. Clearing this extends to a test of the 1.25 handle. Support beneath ...
Technical Analysis: Indices – Dec 11
December 11th, 2014
Technical Analysis for December 11, 2014 SPX break 2030 line and went for 2000 level next. A move higher to 2050 will bring SPX to 2075 next and a rebounce is very likely due to the volatility in the ...
Technical Analysis: Commodities – Dec 11
December 11th, 2014
Technical Analysis for December 11, 2014 XAU/USD trapped in a new trading range around 1225 – 1235 for now and made no attempt to break out from this level. Next break higher will target 1250 slowly and next lower ...
Technical Analysis: Currency pairs – Dec 11
December 11th, 2014
Technical Analysis for December 11, 2014 EUR/USD keeps moving higher threatening the bear trend. Currently EUR/USD traded around 1.249 level and keeps moving higher. A break of 1.25 will eventually target 1.26 next and a down movement to 1.245 ...
Wednesday December 10: OSB Daily Technical Analysis – Indices
December 10th, 2014
OSB Daily Technical Analysis for December 10, 2014 S&P 500 sell off broke the 20 DMA finding support at 2034 on the day but managed to erase the losses by the end of session to close essential flat on ...
Wednesday December 10: OSB Daily Technical Analysis – Commodities
December 10th, 2014
OSB Daily Technical Analysis for December 10, 2014 Gold rallied on the day breaking through the $1200 with ease making a test of resistance at the $1240 area. A close above this level and more importantly $1250 resistance extends ...
