Oil settles higher as stock markets gain, Saudi signals intervention;

Oil prices rose 1 percent on Thursday, following the U.S. stock market higher a day after Wall Street’s biggest drop since 2011 and as Saudi Arabia’s energy minister signaled major producers may have to intervene in crude markets to support prices. Brent crude futures LCOc1 rose 72 cents to settle at $76.89 per barrel as U.S. equities rose amid strong corporate earnings. The global benchmark has lost almost $10 a barrel since hitting a high of $86.74 on Oct. 3. Read More @ https://www.reuters.com/article/us-global-oil/oil-settles-higher-as-stock-markets-gain-saudi-signals-intervention-idUSKCN1MZ03H?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29

Americans are plagued by one financial fear that has nothing do with the stock market

Americans are afraid — and not just about the recent volatility in the stock market. Nearly one quarter (23%) of people say a lack of emergency savings is the one financial issue that keeps them up at night. Some 22% who say they don’t have enough retirement savings, 20% fear they’ll be the victim of some kind of fraud, 19% worry about losing their job, 9% fret about losing their health insurance and 7% say poor credit is the one thing that keeps them awake at night. Read More @ https://www.marketwatch.com/story/millions-of-americans-have-big-financial-fears-that-have-nothing-do-with-the-stock-market-2018-10-25?siteid=rss&rss=1

WHAT ARE THE TECHNICAL CHARTS SAYING?

The market continues to favor the USD – all other currencies are looking towards the south – accept for JPY. JPY should get stronger this week as it will positively co-related move with Gold.

High Risk Investment Warning:

Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.

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