OPEC+ is almost done with the big output cut, but the oil price doesn't like it enough.
Information is not investment advice
Most of the currency pairs are in a consolidation, oil is waiting for the OPEC+ deal.
In this webinar, FBS analyst Gaspar Markosyan presents FBS Trader and explains the advantages of this mobile trading terminal compared to the traditional MetaTrader
Middle of the week, no big news, USD slightly up, GBP prone to weakness as the British PM still in ICU
The virus situation keeps improving slowly but steadily; nevertheless, investors are still concerned with the larger scope of economic consequences: USD slides down, JPY weak, gold rises.
The coronavirus, the shocking levels of the key economic indicators and the OPEC+ meeting are at the center of this report.
The week starts with weaker JPY and GBP, USD stays strong, gold rises to $1,620, and oil hopes for OPEC+ supply cut resolution.
Global coronavirus cases have surpassed 1 million, US unemployment claims have doubled, oil has soared, and NFP will come out in a few hours. Watch the video and learn more about the market!
USD is almost the only currency showing confidence in Forex on April 2, currencies of developing economies losing ground, WTI oil slightly up from $20
FBS analyst Gaspar Markosyan explains how to start trading in Forex and make it a comfortable part of your life.
The US and Canada are awaiting the figures for manufacturing PMI for the short-term moves of the USD and the CAD.
Forex is cautiously optimistic this Tuesday on limited hopes on general economic improvement.