EUR/USD 1.18293
0.141%
Gold 3664.91
0.138%
Oil 63.787
0.285%
USD/JPY 147.435
0.309%
GBP/USD 1.36409
0.128%
GBP/JPY 201.119
0.448%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
ECB Vice President Guindos: We do not have a target for the euro exchange rate. We focus more on the evolution of the exchange rate.On September 18th, UBS economists said in a report that they expect the Bank of England to maintain interest rates and may hold off on cutting rates in November. The economists noted that Bank of England policymakers may prefer to hold off on cutting rates until they have clarity on the UKs fiscal plans and inflation trajectory. For 2026, they still expect three 25 basis point rate cuts, bringing the rate to 3% by July 2026.Novo Nordisk (NVO.N): Semaglutide can reduce the risk of myocardial infarction and stroke by 25%, and is associated with a 25% reduction in the overall risk of major adverse cardiovascular events such as myocardial infarction, stroke, hospitalization for unstable angina or heart failure, and death.Julius Baer analyst Carsten Menke stated in a research note on September 18th that despite recent weakness in gold, its outlook remains positive. Menke noted that given widespread market expectations for a Federal Reserve rate cut, the recent decline in gold prices resembles a classic "buy on the rumour, sell on the profit" trend. He noted that this market reaction is essentially short-term profit-taking, adding that such profit-taking is healthy and should not be mistaken for a shift in the fundamental backdrop. Julius Baer maintains a bullish (constructive) view on gold.Hyundai Motor: The goal is to achieve an operating profit margin of 7-8% by 2027 and 8-9% by 2030.

Look at $81.62 on NYMEX crude oil

Oct 26, 2021 11:01

On Monday (October 11), international oil prices rose, continuing the previous seven-week streak. Due to supply restrictions by major producing countries, and as economies try to recover from the new crown epidemic, demand for fuel continues to grow. NYMEX crude oil looks at US$81.62 in the market outlook

GMT+8 13:36, NYMEX crude oil futures rose 1.95% to 80.90 US dollars / barrel; ICE Brent crude oil futures rose 1.54% to 83.66 US dollars / barrel. The two cities respectively refreshed their highs since October 31, 2014 to US$81.02/barrel and their highs since October 10, 2018 to US$83.80/barrel.


As more people who have been vaccinated get rid of the lockdown, economic recovery is gaining momentum, and coal and natural gas prices have soared, making oil more attractive as a fuel for power generation, driving the oil market higher. The two major crude oil markets have been rising for seven consecutive weeks.

But as US inventories have increased again after the recent decline, oil prices may begin to falter. Caroline Bain, chief commodity analyst at Capital Investment Macros, said in a report: "We believe that crude oil prices will not rise sharply this quarter, and we still expect a gradual decline next year."

On the daily chart, U.S. oil is in an upward ((3)) wave that started from $61.74 and broke through the 23.6% target of $78.37. The upper resistance looks at the $80 mark and the ((3)) wave 38.2% target of 88.66. Dollar.

On the hourly chart, oil prices are in five upward waves starting from 74.97 US dollars, and the upper resistance looks to the 138.2% target of 81.62 US dollars. Wave 5 is a sub-wave of the upward (1) wave that started at $61.74. (1) Waves are the sub-waves of ((3)) waves.

Suggestion