Monday, 24 April 2017

International Market Update by SapForex24: 25-April-2017

SAPFOREX24 MORNING UPDATE

Gold: 1273.66

Silver: 17.902

Copper: 2.577

Crude Oil: 49.37

Get More Information@ http://ow.ly/CKcw304wdrV


Oil recovers lost ground, but market remains under pressure-SapForex24

Oil prices recovered lost ground on Monday following big losses last week, driven by expectations that OPEC will extend a pledge to cut output to cover all of 2017, although a relentless rise in U.S. drilling capped gains.

U.S. West Texas Intermediate (WTI) Crude Oil futures (CLc1) added 32 cents, or 0.64 percent, by 0649 GMT(2:49 a.m. ET), but were still just below the $50 mark pierced on Friday at $49.84 a barrel.
Brent crude futures (LCOc1) rose 35 cents, or 0.67 percent, to $52.31 per barrel.

Oil prices fell steeply last week on the back of stubbornly high crude supplies, despite a pledge by the Organization of the Petroleum Exporting Countries (OPEC) and some other producers to cut production by almost 1.8 million barrels per day (bpd) for six months from Jan. 1 to support the market.



U.S. drillers added oil rigs for a 14th week in a row, to 688 rigs, extending an 11-month recovery that is expected to boost U.S. shale production in May by the biggest monthly increase in more than two years.

U.S. crude production is at 9.25 million barrels per day (bpd) , up almost 10 percent since mid-2016 and approaching that of OPEC's top exporter Saudi Arabia.

"WTI oil slipped back below the $50 per barrel level, amid concerns that the lack of inventory drawdown since the OPEC production cuts is a sign that the cuts are not enough to rebalance supply and demand and put a floor under prices," said William O'Loughlin, investment analyst at Rivkin Securities in a note on Monday.

Both the Brent and WTI oil benchmarks are down more than 7.5 percent since the end of last year.
Keen to halt a further decline in prices, a panel made up by OPEC and other allied producers has recommended an extension of output cuts by another six months from June, a source said.

This, and an expected fall in Iranian production lent markets some support on Monday, traders said.
Iran's crude oil exports are set to hit a 14-month low in May, suggesting the country is struggling to raise exports after clearing out stocks stored on tankers.

Iranian oil exports, especially to its core markets in Asia, had soared since the ending of most sanctions against it in January 2016.

For More Information Whatsapp@ +91-9981999934 or Visit Here@ http://sapforex24.com/



Wednesday, 19 April 2017

Forex - Dollar holds onto gains vs. other majors-SapForex24

The dollar held onto gains against other major currencies on Wednesday, recovering from the previous session’s downbeat U.S. data, although U.S. political uncertainty was expected to limit the greenback’s rise.

EUR/USD slipped 0.19% to 1.0711, off a three-week high of 1.0737 hit overnight.

The greenback had weakened after the U.S. Commerce Department reported on Tuesday that housing starts fell in March, likely due to bad weather, while building permits rose.

A separate report showed that U.S. industrial production rose in line with economists’ forecasts in March, while manufacturing production unexpectedly fell.

Sentiment on the greenback also remained vulnerable as trade talks between the U.S. and Japan got underway this week, with markets awaiting indications of the direction U.S. trade policy could take under President Donald Trump, who campaigned on a protectionist platform.


Heightened tensions around North Korea, which has vowed to conduct more missile tests following Sunday's failed missile launch, also continued to weigh on the greenback.

U.S. Vice President Mike Pence said on Wednesday that Washington would work with its allies and China to put economic and diplomatic pressure on North Korea.

Markets were also jittery ahead of the first round of the French presidential election, scheduled on Sunday April 23. The race tightened after a surge in polls for far-left candidate Jean-Luc Melenchon, who wants a referendum on the country’s European Union membership.

Elsewhere, GBP/USD edged down 0.20% to 1.2816 after hitting a six-month peak of 1.2904 on Tuesday, when U.K. Prime Minister Theresa May on Tuesday called a snap election for June 8.

Analysts expect May to win a substantial majority in the elections, securing her position ahead of talks with the European Union about the terms for Brexit.

USD/JPY gained 0.43% to trade at 108.90, while USD/CHF eased up 0.11% to 0.9975.

The Australian and New Zealand dollars were weaker, with AUD/USD down 0.60% at 0.7515 and with NZD/USD declining 0.41% to 0.7013.

Meanwhile, USD/CAD rose 0.34% to trade at 1.3427.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.23% at 99.64, just off the previous session’s three-week low of 99.36.

For More Information Whatsapp@ +91-9981999934 or Visit Here@ http://sapforex24.com/


Wednesday, 12 April 2017

New Ways of Trading in Comex Market - SapForex24

There are various ways of trading in the COMEX markets. In comex various commodities are listed and they can be traded on the current market prices. The trader can trade on the commodities which are divided in to two broad categories. One category is Agricultural commodities and the other is Non Agricultural commodities. 

In agricultural commodities the agricultural products like wheat, pulses etc come.

In non agricultural commodities the precious metals are the major part. The precious metals include comex gold, comex silver, comex copper and others. Some traders have petroleum based commodities as their favorites. These include commodities like natural gas and crude oil.

The important part in the commodity trading is to find how the future comex signals behave. If a trader is able to anticipate and forecast the Comex Trading Signals correctly they can place the appropriate buy and sell calls and gain good profits from the Comex markets. 


The trader can learn technical analysis to forecast the trading signals correctly. Also the trader can follow some strategy which is based on technical and fundamental analysis for trading successfully in the markets. But learning of Technical analysis takes sufficient time. 

So for the traders who are new to the Comex market, they can take the help of international advisory firms like SapForex24. The advisory firm like SapForex24 is the reputed and established international advisory firm.


These days, new techniques like automated trading are used. In automated trading the buy and the sell calls are placed automatically with the help of a computer. An algorithm is written and based on the rules used in the algorithm the buy and the sell calls are placed.

Due to the automation of the entry and exit of the trade, there is minimum involvement of the emotions in trading. Also it prevents the trader from over trading. Thus one can benefit from the latest ways of trading in the Comex Market.

For More Information Whatsapp@ +91-9981999934 or Visit Here@ http://sapforex24.com/


Wednesday, 5 April 2017

Oil rises to near one-month high on supply tightening- SapForex24

Oil climbed to a near one-month high on Wednesday on signs of a gradual tightening in global oil inventories and on concerns about a supply outage at a field in the United Kingdom's North Sea that feeds into an international benchmark price.

Brent Crude futures, the international benchmark for oil, were at $54.52 per barrel at 0658 GMT, up 35 cents, or 0.65 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude futures were up 33 cents, or 0.65 percent, at $51.35 a barrel.

Both benchmarks on Wednesday hit their highest levels since March 8.

"The immediate reason for the move was an unplanned production outage in the North Sea," said Sukrit Vijayakar, director of energy consultancy Trifecta, referring to an unplanned production outage at the Buzzard oil field in the North Sea.


Buzzard produces about 180,000 barrels per day. It is the largest contributor to the Forties crude stream that is a key component of the physical Brent oil price that the Brent futures contract settles against.

Traders also said that prices gained amid slowly tightening market conditions, with the Organization of the Petroleum Exporting Countries (OPEC) leading an effort to cut output.
With most of OPEC's crude exported on tankers, tracking ship movements can be a good gauge of market conditions.

Shipped oil supplies have fallen by as much as 17 percent this year, according to oil analysis firm Vortexa.

"We have seen a significant reduction in global oil supply since January, with oil on water going from 978 million barrels on Jan. 1 to 812 million barrels on April 3," said Vortexa chief executive Fabio Kuhn.

"These changes are a signal that the rebalancing is happening faster than many in the market believe."
Trading data in Thomson Reuters Eikon shows that OPEC shipments to the rest of the world fell to 813.7 million barrels by the end of March from 796.6 million barrels in January.

But the tighter markets will only gradually lead to a reduction in bloated inventories as production especially the United States is rising.

U.S. crude stocks fell by 1.8 million barrels last week to 533.7 million, still near an all-time record, the American Petroleum Institute reported late on Tuesday.

The U.S. Energy Information Administration will issue its inventory figures later on Wednesday.
At the heart of the bloated U.S. market is rising production.

The U.S. rig count rose for an 11th straight week last week to 662, making the first quarter of 2017 the strongest quarter for rig additions since mid-2011, according to energy services firm Baker Hughes.

Following a slump in 2015 and 2016, U.S. oil production has risen 8.5 percent since mid-2016 to 9.15 million bpd, the same level output stood at in 2014, when the market downturn began.
"Price upside will... be capped by the recovering U.S. shale sector," BMI Research said.

For More Information Whatsapp@ +91-9981999934 or Visit Here@ http://sapforex24.com/

Monday, 27 March 2017

Oil slips towards $50 on doubts over output-cut extension - SapForex24

Oil fell further towards $50 a barrel on Monday, pressured by uncertainty over whether an OPEC-led production cut will be extended beyond June in an effort to counter a glut of crude.

A committee of ministers from OPEC and outside producers agreed on Sunday to look at prolonging the deal, stopping short of an earlier draft statement that said the committee recommended keeping the measure in place.

International benchmark Brent crude was down 34 cents at $50.46 by 0822 GMT, after falling as low as $50.26. U.S. crude was down 44 cents at $47.53.

"We would see the relative lack of reaction in the price perhaps as a reflection of some disappointment that nothing more concrete was forthcoming," analysts at JBC Energy said in a report, referring to the conclusion of Sunday's talks.

A number of ministers from the Organization of the Petroleum Exporting Countries and other producers met in Kuwait to review the progress of their supply cut, which initially runs until the end of June.

OPEC and 11 other producers including Russia agreed in December to reduce their combined output by almost 1.8 million barrels per day (bpd) in the first half of this year, to support prices and curb oversupply.

While many in OPEC have called for prolonging the curbs, Russia has been less definitive. Energy Minister Alexander Novak said on Sunday it was too early to say whether there would be an extension.

There is "increasing scepticism" in the market as to whether a rollover of the cuts can be agreed, JBC added.

Oil also came under pressure from further evidence that higher prices as a result of the OPEC-led supply cut are helping boost supplies in the United States.

U.S. drillers added oil rigs for a 10th week in a row, data from energy services firm Baker Hughes showed on Friday, as energy companies boost spending on new production.

Because of higher U.S. output and the cuts by OPEC, the discount of U.S. crude to Brent has grown to around $2.90 per barrel, heading for its widest close since late 2015.

Despite ample inventories and rising U.S. output, Goldman Sachs (NYSE:GS) said the market was rebalancing and it may not be necessary to keep output curbed unless supply-and-demand fundamentals worsen.

For More Information Whatsapp@ +91-9981999934 or Visit Here@ http://sapforex24.com/


Monday, 20 March 2017

Oil prices rise on talk that OPEC could extend supply cut- SapForex24

Oil prices rose on Tuesday on expectations that an OPEC-led production cut to prop up the market could be extended, while strong demand would also work to slowly erode a global fuel supply overhang.

Prices for front-month Brent crude futures, the international benchmark for oil, were at $51.86 per barrel at 0401 GMT, up 24 cents, or 0.5 percent, from their last close.
U.S. West Texas Intermediate (WTI) crude futures were up 13 cents, or 0.3 percent, at $48.35 a barrel.

The Organization of the Petroleum Exporting Countries (OPEC), together with other producers including Russia, has pledged to cut its output by almost 1.8 million barrels per day (bpd) between January and June in an effort to prop up prices and rein in a global supply glut that has dogged markets for almost three years.


Yet so far the cutback has not had the desired effect as compliance by involved exporters is patchy and as other producers, including the United States, have stepped up to fill the gap, resulting in crude prices falling more than 10 percent since the beginning of the year.

To halt the decline, OPEC members increasingly favor extending the pact beyond June to balance the market, sources within the group said, although they added that this would require NON-OPEC members like Russia to also step up their efforts.

Traders also said that healthy oil demand would help rebalance markets and support prices.
"Global demand for 2017 is expected to remain healthy and surpass long-term average growth in demand of 1.2 million barrels per day by between 0.2 and 0.4 million barrels per day.

 As such, the combination of robust demand and weaker global supply leading to rebalanced markets will not be de-railed by U.S. shale oil," said Jeremy Baker, Senior Commodity Strategist, at Vontobel Asset Management.

Baker said this would "support the case for a shift from contango to backwardation in the crude markets during the second-half 2017."

Contango describes a market structure in which prices for future delivery of a product are higher than current ones, while backwardation is price curve in which spot prices are more expensive than future deliveries.

Traders said that U.S. crude storage data, due to be published later on Tuesday by the American Petroleum Institute (API), would likely be the next significant price driver.

FOR MORE INFORMATION WHATSAPP@ 9981999934 OR VISIT@ http://sapforex24.com/


Thursday, 2 March 2017

How to Gain Good Profits From Forex Markets - SapForex24

Forex markets stands for foreign exchange markets. In forex markets many currencies and their current market prices are listed. many currency pairs with their current market rates can be traded. The currencies of all the countries are index over the market exchange. Palce on the demand and supply the relative prices of the currency market pair changes. 

The trader can buy a currency at a lower market rate and then can sell the currency at higher market rates if a rise in the prices of currency is seen. The important part of forex market trading is to expect the Forex Signals. If a trader is able to predict the forex signals he can earn good profits. 

There are various ways a trader can predict the forex trading signals. The major among them is by doing the analysis of the forex signals with the help of technical & fundamental analysis. The other methods include the news based trading, in which the national and international news is used by trader to decide the general trend of the forex & comex market or the particular country about which the news is acquire. 

How to Gain Good Profits From Forex Markets
These advisory firms have expert technical analysts who do a complete technical analysis of the currencies and financial market as a whole. On the basis of their technical and fundamental market analysis they give buy and sell signals for the forex & comex market. They give the price levels to enter and exit the trade. Also they give proper stop loss levels to exit the trade. SAPFOREX24  is one such reputed international advisory firm.

The trader is guide to take the information about forex markets before trading. They must understand how the forex market works and what the ins and outs of the forex markets. The trader is also advised to master the plan before entering in to the forex markets. 

If you really want to earn good profit so join SapForex24 and enjoy profitable Signals & Market Update.


For More Information Visit Here@ http://sapforex24.com/

Wednesday, 22 February 2017

Goldman says global crude stocks likely to keep falling- SapForex24

Goldman Sachs (NYSE:GS) expects global crude oil inventories to keep falling due to production cuts and strong growth in demand, although stocks are likely to rise in the United States.

"We do not view the recent U.S. builds as derailing our forecast for a gradual draw in inventories, with in fact the rest of the world already showing signs of tightness," analysts at the bank said in a note dated Feb. 21.

"Given our unchanged 1.5 million barrels per day growth forecast for 2017, this higher base demand level should fully offset higher U.S. output."


The Wall Street bank reiterated its forecast for Brent and U.S. Crude prices to rise to $59 and $57.50 per barrel respectively in the second quarter, before dropping to $57 and $55 for the rest of 2017.

Oil prices held near multi-week highs on Wednesday, with the U.S. West Texas Intermediate April crude contract (CLc1) up 18 cents at $54.51 a barrel at 0228 GMT (5:28 a.m. ET), while Brent crude (LCOc1) was up 24 cents at $56.90.

Surging U.S. output has pushed crude and gasoline inventories to record highs, keeping a lid on prices after they climbed following an agreement by the Organization of the Petroleum Exporting Countries (OPEC) and other producers to cut output by about 1.8 million barrels per day (bpd).

"While the production cuts have so far reached a historically high level of compliance at 90 percent, the rebound in U.S. drilling activity has exceeded even our above consensus expectations," Goldman said.

However, the increase in U.S. drilling points to factors including further improvement in shale productivity and funding for the industry, rather than expectations of an increase in prices, the bank said.

Visit Here@ http://sapforex24.com/

Friday, 17 February 2017

Oil firms as OPEC floats extended output cut markets still bloated- SapForex24

Oil prices edged up on Friday, lifted by a report that producer club OPEC could extend an output cut aimed at reining in a global fuel supply overhang.
Brent crude futures were trading at $55.77 per barrel at 0750 GMT (2:50 a.m. ET), up 12 cents from their last close.

U.S. West Texas Intermediate (WTI) crude futures, were up 7 cents at $53.43 per barrel.
The Organization of the Petroleum Exporting Countries (OPEC) and other producers including Russia plan to cut output by almost 1.8 million barrels per day (bpd) during the first half of 2017, and estimates suggest compliance by OPEC is around 90 percent.

The cuts are aimed at curbing oversupply that has dogged markets since 2014.

To help rebalance the market, OPEC sources told Reuters that the supply reduction pact could be extended if all major producers showed "effective cooperation".


For now, inventories remain bloated and supplies high, especially in the United States.
Recent price movements reflect this, with Brent and WTI trading within a $5 per barrel price range this year, in what has become the longest and most range-bound period since a price slump began in mid-2014.

"Despite the headlines, the massive inventory glut in both oil and gasoline continues to thwart any upward momentum," said Stephen Innes, senior trader at OANDA in Singapore.

In the United States, rising output has helped push up Crude and fuel stocks to record highs.
In Asia, oil flows into the region remain as high as they were before the production cuts, data in Thomson Reuters Eikon shows, as exporters shield their big customers in a fight for market share.
This comes amid signs of stuttering demand growth in core markets, China and India.

In India, fuel demand growth fell in January, while in China sagging car sales and soaring gasoline and diesel exports also point to a slowdown in growth.

That leaves Europe, where OPEC has significantly cut supplies. However, Eikon data shows rising North Sea oil exports to Asia, indicating there is no real supply shortage there either.
Despite the ongoing glut, analysts expect oil markets to tighten in the longer term.

"In the fourth quarter of 2018, global oil demand will most likely surpass 100 million barrels per day," AB Bernstein said on Friday in a note to clients.

"If oil prices stay around $60 per barrel and GDP growth over 3 percent per annum, then oil demand growth will be stronger over the next 5 years, than the previous decade. What we are witnessing is a rather surprising renaissance of oil consumption," it added.

http://sapforex24.com/

Sunday, 12 February 2017

Trade with a Difference in Comex Markets- SapForex24

There are many traders who try their luck with Comex markets. But not all the traders are successful. Some traders end up collect best profits while some end up in making heavy losses. Thus the trader should trade with a difference from majority of traders. The trader can trade on Comex Gold, Comex Silver, Comex Copper and other precious metals also.

The trader can also trade on Crude oil, Natural gas as well as other petroleum based commodities. The people who are new to the Comex trading and do not have proper knowledge about the Comex Trading Signals can trade by taking help of some international advisory firms. 


Trade with a Difference in Comex Markets-SapForex24
These advisory firms have enough resources in the form of potential technical analysts. These technical analysts do an in-depth technical analysis and generate buy and sell signals. These buy and sell calls are the result of enough technical and fundamental analysis. 

Also the advisory firms provide accurate stop loss levels, so that if the market goes in the opposite direction a limited loss is earn. Thus it is always in the favor of the trader that he trades with the help of Stop Loss. 

SapForex24 is one such international advisory firm which provides accurate comex signal & Forex Signals. The comex trading signals are in the form of buy and sell Signals with proper stop loss levels.

The key to trade in the Comex Market is to forecast the comex signals properly. If the comex trading signals are correctly predict a good profit can be earn from the comex market. Another way beside the technical analysis to predict the Comex Signals is to trade on the basis of national and international news.

The news plays an important part in the direction of the trend. Positive and negative news will have an impact on the directions of the markets. The trader can use the above mentioned methods to trade successfully in the Comex Market.  


Wednesday, 1 February 2017

Oil stuck in familiar range as investors await U.S. supply data -sapforex24

Oil prices were little changed during European morning hours on Wednesday, holding in a familiar trading range as market players awaited fresh weekly information on U.S. stockpiles of crude and refined products.

Crude oil for March delivery on the New York Mercantile Exchange inched up 6 cents, or around 0.1%, to $52.86 a barrel by 4:10AM ET (09:10GMT), after gaining 18 cents, or about 0.3%, a day earlier.

Elsewhere, Brent oil for April delivery on the ICE Futures Exchange in London added 3 cents, or less than 0.1%, to $55.60 a barrel. Futures rose 26 cents, or nearly 0.5%, on Tuesday.

The U.S. Energy Information Administration will release its weekly report on oil supplies at 10:30AM ET (15:30GMT) Wednesday, amid analyst expectations for a rise of 3.3 million barrels.
Gasoline inventories are expected to rise by 982,000 barrels while stocks of distillates, which include heating oil and diesel, are forecast to fall by 903,000 barrels.


After markets closed Tuesday, the American Petroleum Institute said that U.S. oil inventories rose by 5.8 million barrels in the week ended January 27.

The API report also showed a gain of 2.9 million barrels in gasoline Stocks, while distillate stocks rose 2.3 million barrels.

Futures have been trading in a narrow range around the low-to-mid $50s over the past month as sentiment in oil markets has been torn between expectations of a rebound in U.S. shale production and hopes that oversupply may be curbed by output cuts announced by major global producers.

U.S. drilling activity has risen by more than 6% since mid-2016, taking it back to levels seen in late 2014, when strong U.S. crude output contributed to a collapse in oil prices.

The revival in U.S. drilling has raised concerns that the ongoing rebound in U.S. shale production could derail efforts by other major producers to rebalance global oil supply and demand.

OPEC and non-OPEC countries have made a strong start to lowering their oil output under the first such pact in more than a decade as global producers look to reduce oversupply and support prices.
January 1 marked the official start of the deal agreed by OPEC and non-OPEC member countries such as Russia in November last year to reduce output by almost 1.8 million barrels per day to 32.5 million for the next six months.

The deal, if carried out as planned, should reduce global supply by about 2%.

Elsewhere on Nymex, gasoline futures for March tacked on 0.5 cents, or 0.4%, to $1.559 a gallon, while March heating oil was little changed at $1.631 a gallon.

Natural gas futures for March delivery jumped 7.8 cents, or 2.5%, to $3.195 per million British thermal units.

http://sapforex24.com/

Tuesday, 24 January 2017

Gold pulls back from 2-month high as dollar rebounds | SAPFOREX24

Gold prices edged lower during European morning trade on Tuesday, pulling back from the prior session's two-month peak as the dollar firmed after earlier losses.

Gold for February delivery on the Comex division of the New York Mercantile Exchange dipped $2.00, or around 0.2%, to $1,213.55 a troy ounce by 4:10AM ET (09:10GMT), after rallying $10.70, or 0.9%, a day earlier.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.2% at 100.15, recovering after slumping to a seven-week low of 99.88 earlier.

The dollar sold off after President Donald Trump's nominee for Treasury Secretary Steven Mnuchin said that an "excessively strong" dollar can have negative short-term impacts on the U.S. economy.
Mnuchin is still awaiting confirmation by the Senate, which has yet to schedule a vote.



Prices of the yellow metal jumped to $1,219.40 on Monday, a level not seen since November 22, as the U.S. dollar tumbled amid uncertainty around the economic policies of new U.S. President Donald Trump.

In his latest executive order, Trump signed to formally withdraw the U.S. from the 12-nation Trans-Pacific Partnership trade deal, distancing America from its Asian allies.

Trump has also vowed to renegotiate the North American Free Trade Agreement (NAFTA) with leaders of Canada and Mexico.

Global financial markets will continue to focus on Trump for further details on his promises of tax reform, infrastructure spending and deregulation, as well as insight regarding policies on China and the domestic economy.

The president vowed “massive” cuts in taxes and said he could reduce regulations by "75% or more" to help businesses create more jobs in the U.S. in a meeting with top executives of U.S. companies at the White House on Monday. Trump also reiterated his pledge to impose a hefty border tax.

Trump plans to meet with automotive executives at the White House on Tuesday.
Also on the Comex, silver futures for March delivery dipped 3.4 cents, or 0.2%, to $17.15 a troy ounce during morning hours in London.

Meanwhile, platinum tacked on 0.6% to $985.35, while palladium added 0.9% to $778.33 an ounce.
Elsewhere in metals trading, copper futures rose 0.6 cents, or about 0.3%, to $2.654 a pound.

http://sapforex24.com/


Tuesday, 17 January 2017

Basic Forex Market concepts for the beginners- SapForex24

The first ones use benefits  of Forex market for exchanging national currency, the latter ones use brokerage services for trading on difference in rates, thus, earning some Money. Brokers give a chance to traders Share in the Forex market and carry out sell or buy transactions using their advantage.

Brokers want to have a license, which gives them entrance to the Forex market. The entrance to Forex is not available for everyone. You Want to be a client of a brokerage in order to get entrance to the market and then, carry out buy or sell trades. All exchange rates of all national currencies at the Forex are rated versus each other.

Desirable features the Forex currency market

Have you ever thought why demand of Forex currency market is increasing every day, entrance great number of investors and traders? The fact is that Forex  Market is a unique place, which is different from other exchanges. Let’s look into Benefits of Forex market.



Liquidity

Liquidity of the currency market is a market’s Benefits to Buy or sell capital quickly. High liquidity of the capital means that is can be sold quickly in the International market. High liquidity of the currency market is based on the following factors:
·         The number of the currency market contributor is very large  most of them are major financial organization, which usually carry out large-scale deals in the Forex market.

·         Forex market does not have hard work schedule, work  24 hours a day. That is why market is active all the time as after the execution of one trading session, the other session just begins.

·         Currency market is a market of exchanges in the national currencies, which also increases liquidity in the Forex market.

 Accessibility

As you know, everyone, who has obtain to Internet can become a Forex trader. You even do not need a computer  now as you can trade just on your mobile phone or other modern devices. Forex market is available and affordable for all!

Margin trading

Margin trading on is a big benefit of the Forex market, as Forex brokers provide leverage to their traders, prepare them to use biggest funds for forex trading, than they have present. Trader’s profit depends on the volume of a transaction. The higher is the volume of the deal, the higher is your profit.

Low deposits

You do not require to have a fortune in order to trade at Forex Market. You can start just having $100, gradually increasing trading volume by using your profit, which you received from a broker, or you can capture in the trust management accounts and using investors’ funds for trading. You have infinite possibilities.

Tuesday, 3 January 2017

Oil prices rise as markets eye OPEC, non-OPEC production cuts- SapForex24

Oil prices rose in the first trading hours of 2017, buoyed by hopes that a deal between OPEC and non-OPEC members to cut production, which kicked in on Sunday, will be effective in draining a global supply glut.

International Brent crude oil prices (LCOc1) were up 16 cents, or 0.3 percent, at $56.98 a barrel at 0802 GMT on Tuesday - close to last year's high of $57.89 per barrel, hit on Dec. 12. Oil markets were closed on Monday after the New Year's holiday.


U.S. benchmark West Texas Intermediate (WTI) (CLc1) crude oil prices were up 22 cents, or 0.41 percent, at $53.94 a barrel, not far from last year's high of $54.51 reached on Dec. 12.
Jan. 1 marked the official start of the deal agreed by the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC member countries such as Russia in November last year to reduce output by almost 1.8 million barrels per day.

Market watchers said January will serve as an indicator for whether the agreement will stick.
"Markets will be looking for anecdotal evidence for production cuts," said Ric Spooner, chief market analyst at Sydney's CMC Markets. "The most likely scenario is OPEC and non-OPEC member countries will be committed to the deal, especially in early stages."

Libya, one of two OPEC member countries exempt from cuts, increased its production to 685,000 barrels per day (bpd) as of Sunday, up from around 600,000 a day in December, according to an official from the National Oil Corporation (NOC).

Elsewhere, non-OPEC Middle Eastern oil producer Oman told customers last week that it will cut its crude term allocation volumes by 5 percent in March.

Non-OPEC member Russia's oil production in December remained unchanged at 11.21 million bpd, still near a 30-year high, but it was preparing to cut output by 300,000 bpd in the first half of 2017 in its contribution to the production cut accord.

http://sapforex24.com/