Mobile App
iBexGo AppiBex RatingDownload our app now! Available for iOS and Android

Start An Investment With Forex

Get Live Account
Phone
London: +442038076439
Sydney: +61280691717
Social Media

Bitcoin Price Surge; While Oil Slumps

bitcoin trading with ibex markets

Bitcoin Price to surge to $157,000 after pullback ends, says on-chain Analyst Willy Woo. Oil slumps as market ignore U.S. draw to focus on UAE ‘No-Deal’


P: 32,575
A: 32,983.0 +408.0 +1.25%


This is a bull market. There’s no mistaking this. We’ve got X-ray vision of what the investors are doing, and it’s bullish whilst the price is sliding downwards.


The next major event “is when the fundamentals squeeze price action, and we break out of this what I’d call re-accumulation band right in the middle of a bull market.”

trade with ibex markets

Oil Slumps as Market Ignores U.S. Draw to Focus on UAE ‘No-Deal’


BRENT
P: 74.53
A: 74.90
WTI
P: 72.25
A: 72.83


OPEC+ sources, speaking anonymously, told the media on Wednesday that the standoff over August production quotas between the United Arab Emirates and Saudi Arabia had been resolved as the two had apparently reached a deal.


Hours later, the Emirates shot back, saying nothing has been decided. “No agreement has yet been achieved with OPEC+ on a supply accord, and discussions are still ongoing,” the UAE Energy Ministry said.

  • Markets to Watch This Week: Nasdaq 100, US Dollar,BoJ and more
    There continued to be hesitancy in global market sentiment. Wall Street started off 2022 on a sour note, though the second week was less painful. Nasdaq 100 futures were little changed. This is as Dow Jones and S&P 500 futures declined about 0.8% and 0.3% respectively. European and Asia-Pacific benchmark stock indices did not fare any better. Global monetary policy tightening […]
  • Market Week Ahead: Inflation Data, Bitcoin, Powell Testimony, and more
    Even though market sentiment started off 2022 on a sour note, there were clear winners and losers on Wall Street. Dow Jones futures declined about 0.1% this past week, while the tech-heavy Nasdaq 100 sank about 4.35% in the worst performance since February. The coming week will bring closely followed inflation figures, while Federal Reserve Chair Jerome Powell […]
  • Market Week Ahead: Monetary Policy Meeting, Retail Sales, etc.
    The broad US dollar remained under pressure on Friday and will end this week on a bearish note as investors digest the Bank of England’s (BOE) unexpected interest rate hike and the European Central Bank’s (ECB) shift to a more hawkish attitude. Looking ahead to the coming week, the series of retail sales, the minutes of the […]
  • Markets Week Ahead: Nasdaq 100, US Dollar, Gold, Euro, British Pound, Fed and more
    Market mood recovered this past week around the world. On Wall Street, the Nasdaq 100 and S&P 500 gained 3.82% and 3.65% respectively. Across the Atlantic, the Euro Stoxx 50 and FTSE 100 climbed 2.95% and 2.62% respectively. In the Asia-Pacific region, the Nikkei 225 climbed 0.89% while Australia’s ASX 200 jumped 4.05%. Volatility was crushed, with the VIX market ‘fear gauge’ sinking about 39% in the worst week […]
  • Market Week Ahead: Omicron Concerns, Inflation Data, Crypto
    Developments around the Omicron coronavirus variant will continue to be the main driver of market sentiment in the week ahead and this news flow, together with a hawkish turn by the Federal Reserve, means Friday’s inflation data will be in the spotlight. Inflation Data The highlight of the economic calendar will be Friday’s November consumer […]

SHARE:

Let us know what you think!

Send any queries or feedback
You can also send us an email at
support@ibexmarkets.com

Get a call from us!

How Can We Help?

Need Assistance?

Download here

Know Your Market Holiday.

Click here for more information.