Crude Oil Above $50 As OPEC Chief Talks Deal With Russia

Crude oil futures inched back above $50 a barrel Tuesday amid headlines from a key oil and gas conference attended by OEPC’s secretary general. Nov. WTI oil gained 35 cents, or 0.7%, to settle at $50.29/bbl. According to numerous outlets, Mohammed Barkindo expressed confidence that Russia and certain OPEC members will curb production in order ...

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Fxwirepro: Eur/usd Changes Short Term Trend from Neutral to Bearish

The EUR/USD pair declined towards lower levels on Tuesday as the US dollar gained strength across the board after traders viewed that Federal Reserve will likely raise U.S. interest following positive US inflation figures.   U.S. consumer prices rose 0.3 percent in September, the biggest gain in five months but ...

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Accelerating Chinese Loan Growth Stokes Concerns About Debt Challenges

According to data from the People’s Bank of China, China’s new loan growth surged 29 percent on month in September. China’s banks extended 1.22 trillion yuan (US$181 billion) in net new yuan loans in September, compared to 948.7 billion yuan in August. The broader M2 money supply grew 11.5 percent ...

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Fxwirepro: Geopolitical and Monetary Easing Risks Engulf Euro’s Prospects – Bid 2m Hy Ivs and Hedge Eur/aud Mounting Risks

The main risks events are now in the euro zone (ECB in September, Italian referendum, immigration tensions). A constitutional referendum is planned to be held in Italy on Sunday 4 December 2016. Voters are to be asked whether they approve of amending the Italian constitution to transform the senate of the republic into a “Senate ...

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