US News

Bank of America stock (NYSE:BAC) has been coming down significantly in the past few months, going further and further south. This is a trend that is expected to continue this year. After consolidating in the months of November and December 2015, the price went below the lower Trendline at the beginning of the year 2016. […]

Monday, 22nd of February 2016, was a good start for stocks considering the continuous commodity prices’ volatility, the mounting fears about ‘Brexit’ and the sluggish growth of emerging economies. While there is still uncertainty across international capital markets and gaps in the demand-supply balance of core resources, such as oil, equities seem to reflect investors’ […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair went slightly downwards on Monday and moved sideways for the rest of the week. A closer look at the chart revealed a consolidation to the downside, which threatens the recent bullish bias. For the bias not to turn bearish, bulls must prevent […]

I am writing this from South Carolina where, in three days, on 20 February, Republicans will vote in their presidential primary. According to the latest polls, Donald Trump is leader his closest rivals by 12 points. The problem is that polls are not votes so, in a few days, we shall see what the actual […]

Microsoft stock (NASDAQ:MSFT) managed to go upwards from September 2015 to January 2016. From February 2016, the price has been corrected lower, which was contained at the lower Trendline in the chart. Right now, there is no “buy” signal in the market, but it is much more likely that a “buy” signal would soon form: […]

Q4 2015 Operations Update Magnolia Petroleum, the AIM quoted US focused oil and gas exploration and production company, has announced a quarterly update on its operations across proven and producing US onshore hydrocarbon formations, including the Bakken/Three Forks Sanish in North Dakota and Montana, and the Woodford, Mississippi Lime and the Hunton in Oklahoma. Q4 […]

In Salah Gas, a joint venture between Sonatrach, BP and Statoil today announced the start-up of its Southern Fields project. The project is the latest stage in the development of seven gas fields in central Algeria. The In Salah Gas joint venture commenced production in 2004 from three fields in the north of the area: […]

To extend licence and develop second phase of major Khazzan gas field BP and Oman Oil have signed a heads of agreement with the Government of the Sultanate of Oman committing to amend the Oman Block 61 exploration and production sharing agreement (EPSA), extending the licence area of the block and enabling a further development […]

The EUR/JPY dropped by 450 pips last week, owing to the strength in the Yen. Even the bullish effort on the EUR was unable to prevent the smooth southward movement. The price reached the demand zone at 126.00, and it could go below it despite the current upwards bounce present in the market. The upward […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish EURUSD moved upwards by 230 pips last week, topping at the resistance line of 1.1350, before the current bearish correction. From that resistance line, price got corrected by 100 pips while the bias on the market remains bullish. There is a need for price […]