Forex Books Talking

Trading position (short-term; our opinion): Short positions with a stop-loss order at $54.12 and initial (!) target price at $35.72 are justified from the risk/reward perspective.

On Friday, crude oil lost 3.31% as a stronger greenback weighed on the price of the commodity. Thanks to these circumstances, light crude moved away from its key resistance area and closed another week below it. Will this event encourage oil bears to act in the coming days?

All this talk and turmoil and noise and movement and desire is outside of the veil; within the veil is silence and calm and rest. ~ Bayazid Al-Bistami forex

On the 19th of this month, two articles were published at the same time, one stating that oil could go to $26 and the other stating that oil is ready to trade to $80. Which one is it going to be

ready to trade to $80. Which one is it going to be, $26 or $80 and how is the average Joe going to be able to discern which one is a depiction of what lies ahead. This is the problem

with today's mass media, in their quest to attract eyeballs, bombastic and often conflicting articles are published simultaneously. One almost feels that most of the major sites have only one agenda, quantity over quality

Russia's central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia

export market for crude oil. Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been making inroads in the European market amid the oil price downturn

The result is a heavier discount for Russia's crude oil, the so-called Urals blend. Bloomberg reported that the Urals typically lands in Rotterdam, a major European destination, at a discount

to Brent of around $2 or less. But the discount has widened to $3.50 lately due to increased competition from Saudi Arabia. "Oil supplies to Europe from Saudi Arabia are probably adversely affecting Urals prices," the Russian central bank warned in a recent repor

All thinking and rational students of economics and political policy should take note of the triumphed message sent out by the CREDO Action progressive group. The strategy

Action progressive group. The strategy to organize a massive civil disobedience confrontation has been absent from the public square for far too long. However, when the cause

far too long. However, when the cause is so ill founded and based upon foolish economic realities, the protesting activists need to rethink their falsely placed suppositions.

Oil and gas companies have had a tough time over the past year trying to weather the storm of falling oil prices. But the political and financial winds are moving in the wrong direction for the industry, raising more "above ground" problems at a time that they can ill-afford it.

For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. Extracting oil from these