NW Business and Finance

We have a daily news feed on business, finance & gold, as well as in-depth articles by businesses based in the North West of the UK, on business & finance topics. We'd love to hear from you if you have a business based in the North-West, so please get in touch and we'll feature you!

Strength in Commodities Lift Sentiment + MORE

| 0 comments

Natural gas’ sideway trading from 2.028 continued last week. Near term outlook stays bullish with 1.766 support intact. Above 2.028 will target 61.8% retracement of 2.495 to 1.611 at 2.157 next. Nonetheless, break of 1.766 will suggest that the rebound is finished and turn bias to the downside.

Continue Reading On oilngold.com »

Oil prices fell across the board on Monday as the Doha meeting over the weekend brought no agreement on output freeze. Saudi Arabia and other Gulf producers insisted inclusion of Iran in the deal. The touch stance of Saudi signaled its concerns over the loss of market shares after the deal. Oil prices slumped the most in 2 months with both crude oil benchmarks plunging more than -4% from last Friday’s close at the time of writing this article

Continue Reading On oilngold.com »

Crude oil’s rebound from 26.05 resumed last week by taking out 41.90 resistance. Near term outlook will stay bullish as long as 35.24 support holds. Current rise might now target 61.8% projection of 26.05 to 41.90 from 35.24 at 45.04 next. Break of 35.24, however, will suggest that rebound from 26.05 has completed and bring retest of this low…

Continue Reading On oilngold.com »

Fiat Money Fairytales

– .goldmoney.com

Fiat Money Fairytales

Introduction
The financial media are beginning to entertain the viewpoint that the recent policies of the Federal Reserve, ranging from zero-rates to quantitative easing to bank bailouts, are an important cause of rising inequality not only in the US but around the world. This past week, multiple media sources published an op-ed by eminent scholar George Gilder to this effect…

Continue Reading On .goldmoney.com »

Benefitted from the recovery in crude oil prices and better-than-expected corporate earnings results, Wall Street climbed higher with DJIA and S&P 500 indices adding +0.6% and +0.65% respectively. Shares in Asia also opened higher on Tuesday on the comeback of risk appetite. Crude oil prices had a roller coaster trading day with the front-month WTI contract initially slumping to as low as 37…

Continue Reading On oilngold.com »

Rally in commodity prices continue to buoy the financial markets. With disappointment of the Doha meeting quickly dissipated, oil prices strengthened with both crude benchmarks settling above US$40/bbl. The front-month WTI contract rose for the first time in 5 days, gaining +3.27% and closing at 41.08…

Continue Reading On oilngold.com »

Leave a Reply

Required fields are marked *.