Daily News | Oil storms upwards | 12.07

Oil storms upwards.
Oil prices jump 4.5% on U.S. crude stocks draw, Gulf of Mexico storm.
Oil prices rose 4.5% a barrel as major producers cut nearly a third of offshore Gulf of Mexico production ahead of an expected storm.

Bitcoin gains popularity in Zimbabwe.
Government of Zimbabwe banned the dollar, the public bought Crypto.
Zimbabwe banned the US dollar from being used so local bitcoin demand is soaring once again. Nevertheless, Bitcoin’s price fell 7%.

Powell unleashes the doves.
Powell’s comments send Wall Street to record highs.
The S&P 500 crossed the 3,000 points mark for the first time after dovish remarks from Federal Reserve Chairman Jerome Powell.

BTC/USD
Bitcoin has plunged 7.6% in the last session.
Bitcoin has plunged 7.6% in the last session, sending the ATR further into the high volatility area.

AUD/USD
AUD/USD has gained 0.4% in the last session.
The Aussie-Dollar pair has performed a minor correction, gaining 0.4% in the last session. The ROC currently dwells in the positive zone.

EUR/USD
EUR/USD has gained 0.4% in the last session.
The Euro-Dollar pair has performed a minor correction, gaining 0.4% in the last session. The RSI is giving a positive signal.

Crude Oil
Crude Oil has gained 3.9% in the last session.
The price of Crude Oil has gained 4.3% in three sessions, up 3.9% in the last session. The ADX settles in the overbought area.