A trigger for loonie’s breakout
Take the opportunity and follow the release of Canadian GDP on January 29, at 15:30 MT time!
OIL: long time no see
Information is not investment advice
What?
We got so used to seeing WTI at the rages of $10-15 its confident march to $23 appears now as something extraordinary. What’s happening?
Why?
In short, observers see that the glut is probably at its peak globally and starts to diminish. Supply cuts finally started bringing positive effects. Therefore, what used to be the story of the day for weeks in the oil market, now is seen as a short-term obstacle for oil prices to stabilize at a higher level. Most observers expect that level to be around $40 to $50 per barrel, so if no major problem (such as another US-China confrontation) arises, you may start your strategic preparations to welcome bulls back to the oil market. Long time!
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A trigger for loonie’s breakout
Take the opportunity and follow the release of Canadian GDP on January 29, at 15:30 MT time!
Markets ahead Fed’s meeting
Read a short market wrap with daily recommendations on major pairs!
Did the US economy end the year with a bang?
The US will publish the advance GDP for the fourth quarter of 2020 on January 28, at 15:30 MT time.
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