Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
Will oil change the trend after OPEC meetings?
Information is not investment advice
What will happen?
Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce. The meetings are closed to the press, but officials usually talk with reporters throughout the day. OPEC releases a formal statement covering policy shifts and meeting objectives after the meetings.
Last time, OPEC didn’t change the previous plan and increased production by 0.432 mb/d for May 2022. As a result, XBRUSD lost more than 5% within the day. If you traded one lot, you could have earned $5300.
How to trade on OPEC meetings?
- If OPEC increases supply, oil prices will fall.
- Otherwise – rise.
Instruments to trade: XBRUSD, XTIUSD.
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Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
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