FIBO Group Forecasts

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December 7, 2016
Oil ma pull back to $40
The oil price fell for the first time in 4 days today as skepticism creeped in over some OPEC member’s commitment to keep to their end of the deal and cut production...
December 2, 2016
Oil may remain above $50
The Oil price continued to push higher today reaching its highest level in over a year with some predicting that the OPEC deal reached yesterday was a game changer and further gains are expected...
November 29, 2016
Euro may hit parity with US dollar
The Euro was under further pressure today against the US dollar on the back of political instability in Italy and, bringing it closer to parity with its American counterpart...
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September 16, 2016
Gold awaits CPI figures
The gold price briefly rallied in early trading on Friday on the back of weak US data but has since given up its gains as investors gear up for next week’s interest rate decision from the US Federal Reserve...
September 6, 2016
Oil price freeze speculation?
The oil price rose sharply today as Russia and Saudi Arabia agreed to start discussions on joint cooperation which may include a freeze on prices in the nearest future...
September 1, 2016
Electoral utopia will affect the US dollar exchange rate
The lull in the financial world seems to be alarming. For about half a month, the quotations of the major indexes have not changed significantly...
August 16, 2016
Gold to hit $1,500 ?
The gold price is trading slightly higher today as another major bank joined calls that the precious metal is heading higher in the nearest future...
July 26, 2016
Gloomy outlook for oil price
The price of oil continued to fall again today as expectations surfaced on more drilling activites from the US as well as a general oversupply of petroleum products on the market...
March 18, 2016
Euro keeps riding high
The Euro has continued its strength today breaking through the US1.13.00 mark still riding high after yesterday’s dovish statement from the US Federal Reserve...
November 5, 2015
Australian dollar higher after strong data
The Australian dollar is trading higher today after a round of solid local data as well as some promising figures out of China lent some support to the local currency...