EUR/USD 1.15678
0.343%
Gold 4376.09
0.578%
Oil 81.485
1.319%
USD/JPY 159.356
-0.090%
GBP/USD 1.35343
0.362%
GBP/JPY 215.682
0.268%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 16, the Russian Ministry of Defense announced that its air defense systems intercepted and destroyed 822 Ukrainian drones over Russian airspace overnight. The Ministry stated, "Overnight, on-duty air defense systems intercepted and destroyed 822 Ukrainian fixed-wing drones over the Belgorod, Bryansk, Vladimir, Volgograd, Voronezh, Kaluga, Kursk, Lipetsk, Nizhny Novgorod, Oryol, Rostov, Ryazan, Tambov, Tula, Moscow region, Krasnodar Krai, Crimea, the Black Sea, and the Sea of Azov."A NATO military spokesperson said the drone shot down in Romanian airspace appears to be Russian.On August 16th, Sophie Huynh, Portfolio Manager and Strategist at BNP Paribas Asset Management, stated that Europe is more likely to be a beneficiary of AI than a developer, with the automotive industry being one of the beneficiaries. Currently, European automotive stocks are so cheap that almost no one is really considering their upside potential. The key is understanding when the market will start talking about this, as it may take a year or two of holding these deep value sectors before the market consensus realizes it truly works. Many positive news regarding US consumer spending has already been priced in by the market, so the momentum of the US economy is slowing, while Europe is just beginning to recover.August 16 - According to a report released by the Indonesian Meteorology, Climatology and Geophysics Agency, a 5.7-magnitude earthquake struck 81 kilometers northeast of Ruten Township, Manggarai Regency, East Nusa Tenggara Province, Indonesia, at 2:51 p.m. Central Time on August 16, with a focal depth of 10 kilometers.According to Irans Tasnim News Agency, the Iranian Revolutionary Guard stated that Qatar should allow an Iranian team of experts to investigate the missing pilots disappearance, rather than denying that the pilot had been detained.

Look at $82.57 on NYMEX crude oil

Oct 26, 2021 11:03

On Wednesday (October 13), international oil prices fluctuated within a narrow range at a high level. There is concern that soaring coal and natural gas prices in Asia and Europe will stimulate inflation and slow global growth, thereby reducing oil demand. The dollar is near a one-year high, which also put pressure on oil prices.

GMT+8 13:56, NYMEX crude oil futures rose 0.01% to 80.65 US dollars/barrel; ICE Brent crude oil futures rose 0.05% to 83.46 US dollars/barrel.


The International Monetary Fund (IMF) on Tuesday (October 12) lowered the growth prospects of the United States and other major industrialized countries, and stated that continued supply chain disruptions and price pressures hindered the recovery of the global economy from the new crown epidemic.

The IMF is concerned that the momentum of economic growth has weakened, which has increased the uncertainty in the oil market. However, oil observers still focus on whether the soaring prices of natural gas and coal will lead to an increase in demand for petroleum products for power generation.

An analyst from the Research Department of ANZ Bank said in a research report: "More and more people expect that the high prices of natural gas and thermal coal may boost the demand for alternative fuels such as diesel and fuel oil."

On the daily chart, U.S. oil is in an upward ((3)) wave starting from $61.74, and the upper resistance is looking at the 38.2% target of $88.66. On the hourly chart, oil prices are in five upward waves starting from $74.97, and the upper resistance looks at the 161.8% target of $82.75. 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