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Oil is benefitting from the current “risk-on” trading stance
OIL Oil is benefitting from the current “risk-on” trading stance, with the outlook especially boosted by China’s surprising trade surge as investors now expect increased demand for year-end. In addition, the fact that the US Dollar is nearing its 30-day low is also sustaining market sentiment around oil markets. Technically speaking, the situation looks reassuring[…]
Oil markets continue to trade higher
OIL Oil markets continue to trade higher, close to the strong psychological level of $70, as prices remain supported by two major bullish leverages on the very short-term basis. The US Dollar continued to drop over the past two weeks and has strongly contributed to lifting oil markets higher, as well as the rest of[…]
European markets started the session in green territory
EUROPEAN SHARES European markets started the session in green territory, extending gains registered overnight in Asia, while US Futures were flat on Wednesday. Market sentiment is on the rise in the middle of the week with investor appetite for riskier assets remaining high, despite the recent hawkish switch from European monetary policy makers. Most market[…]