Global News

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish Although the dominant bias on this pair is bullish, the bias is seriously threatened. After testing the resistance line at 1.1050, the price went down by roughly 250 pips, almost reaching the support line at 1.0800. Based on the bearish expectation on EUR (and […]

INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 19 “Just as picking up a five iron does not make you Tiger Woods, opening a brokerage account and sitting in front of a computer screen does not make you Peter Lynch or Warren Buffett. That is something you must work for, and it takes time […]

Contract awarded to finalise project design, source vendor financing and provide EPC management for Matala Gold Mine, Zambia Alecto Minerals (LSE:ALO), the Africa-focused gold and base metal exploration and development Company, has announced that, following the Company’s recent exciting acquisition of the historic Matala and Dunrobin gold mines in Zambia and as part of the […]

Wins Concessions in Mexican Onshore Bid Round MX Oil, the AIM quoted oil and gas investing company, together with its partner Geo Estratos, has announced the joint venture has been successful in its bid for Land Contract Areas in the third phase of the Bid Round 1 Licensing for onshore conventional concessions in the re-opening […]

Tungsten Corp shares (LSE:TUNG) are currently weak, and the weakness is supposed to continue until there is a confirmed bullish trend in the market. Right now, the trend is bearish. In the chart, the ADX period 14 is below the level 30, which means the momentum in the market is not that great. The DM+ […]

The EUR/JPY consolidated in the first few trading days of last week, and then traded lower. The lower movement was shallow because the extant bias remains bullish. It is possible that the price would continue trading lower, which may threaten the bullish bias. The only thing that can change this is when the Yen loses […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish EURUSD has been able to maintain the bullish breakout it performed on December 3, 2015. Last week, price moved further upwards by 170 pips, closing above the support line at 1.0950. There are resistance lines at 1.1000 and 1.1050, which could be tested as […]

Fresh details from BP BP, on behalf of the Schiehallion co-venturers Shell and OMV, announced today that the new Glen Lyon floating production storage and offload (FPSO) vessel has started sea trials as it begins its journey towards the west of Shetland where it will serve as the hub for the 450 million barrel Quad204 […]

What are the details? BP Egypt has announced today the completion of its acquisition of 22.75 per cent in the North Alexandria Concession and 2.75 per cent in the West Mediterranean Deep Water Concession from Hamburg-based DEA Deutsche Erdoel AG. The acquisition will bring BP’s working interest in both concessions of the West Nile Delta […]

Acquisition in Greenland; Rod McIllree appointed as Managing Director to Board FinnAust Mining plc, the AIM listed exploration company with projects in Finland and Austria, has announced it has signed a binding agreement to acquire an initial 60% interest in Bluejay Mining Limited. Bluejay is the 100% owner of the 126sq km high grade Pituffik […]