Forex

MUFG trade of the week: Stay short AUD/USD

Last week, we brought you a trade idea from MUFG and it was to sell the Australian dollar.They recommend selling the pair at 0.6400 with a target of 0.6050 and a stop at...

Yellen: No decisions made yet on the dollar-level of the oil price cap

Here are two headlines that make no sense to me:We're not asking other governments outside the price cap coalition to do anythingPotential purchasers of Russian oil need to understand they will be subject...

Fourth Quarter Market Outlook: What Lies Ahead?

The final quarter of the 2022 calendar year is upon us! This time of year, the most seasoned traders and investors assess the year so far and sharpen their strategies for the rest...

Oil falls to a fresh low for the week. Levels to watch

<p>The oil market has been a significant source of volatility this month as the uncertainty around the OPEC decision and economy dominate flows. Seasonally, October is also a weak month for crude with...

Baker Hughes oil rig count rises by 8 to 610

The weekly Baker Hughes rig count data is showing:Oil rigs +8 at 610Natural gas rigs -1 at 157Total rigs +7 at 769The price of WTI crude oil is trading at $86.07. That's down...

New session lows for the lows for the AUDUSD. What next?

The AUDUSD AUD/USD The AUD/USD is...

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