USOil Retreats from Overbought Levels and its 2023 High
The commodity set fresh 2023 highs on Tuesday amidst tighter supply and drawing inventories, but slides today from its technically overbought territory
Senior Market Specialist
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. He has a long time presence at FXCM, as he joined the company in 2011. He has served from multiple positions, but specializes in financial market analysis and commentary.
With his educational background in international relations, he emphasizes not only on Technical Analysis but also in Fundamental Analysis and Geopolitics – which have been having increasing impact on financial markets. He has longtime experience in market analysis and as a host of educational trading courses via online and in-person sessions and conferences.
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The commodity set fresh 2023 highs on Tuesday amidst tighter supply and drawing inventories, but slides today from its technically overbought territory
The Bank of England got some encouraging news ahead of Thursday’s decision, as inflation eased in August according to today’s data and the UK index reacted higher
Watch today’s US Open for insights on the upcoming pivotal policy decisions by the central banks of the US and the UK, the rise in oil prices and more
The tech-heavy index treads water as Arm slides after its strong IPO and market participants turn their attention to Wednesday’s policy decision by the Fed
The pair had a muted reaction to accounts of the RBA’s rate hold, which showed that officials considered a hike, as it the Fed’s pivotal meeting looms
The pair comes from a mixed week, as it covered the decline for the hawkish remarks by the BoJ governor, but sis subdued today ahead of key policy decision by both central banks
The pair found support after Thursday’s plunge due to the dovish hike by the European Central Bank, but remains at a perilous state ahead of the Fed’s pivotal decision
The European Central Bank hiked rates for tenth straight time on Thursday, but the language was dovish indicating the that the terminal rates may have been reached, helping the German index
The British chip designer made its debut on the Nasdaq on Thursday with gains of almost 25%, in the biggest IPO of the year, which also helped the banking sector higher
After a constant stream of poor economic data, today’s releases offer a glimmer of hope around China’s faltering recovery, helping HKG33, along with new supporting actions by the central bank
Watch today’s US Open for insights on the dovish hike by the European Central Bank, the hottest IPO of the year by chip designer Arm and more
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