The USD skyrocketed after Fed Powell’s speech. OPEC and allied producers agreed to extend production cuts for another month. Oil surged.
Tag - oil
Investors were shocked by the fact that a $20 billion wave of block trades hit markets on Friday, reportedly linked to investment fund Archegos Capital.
The US inflation will come out today at 15:30 GMT+3. Traders can’t wait to see the numbers as they will impact all the pairs with the USD!
The Bank of England was more dovish than expected and pressed down GBP/USD to 1.3900.
The main events of the week are Non-Farm Payrolls (NFP) on Friday and the OPEC meeting on Thursday. Watch the video to get the fresh outlook for currencies, stocks, & commodities for the June 28- July 02 trading week!
Much impactful news will come out! Read the article to get fresh trade ideas for the whole week!
EUR/USD retraced to 1.1870 after breaking out this level. It should be just a natural sell-off ahead of the further rally up.
The week is going to be interesting for traders! Eurozone’s ZEW Economic Sentiment, US Inflation Rate, and OPEC+ meeting will shake the markets.
The USD felt better after the US producer inflation surpassed forecasts and American unemployment claims fell for the third week. Gold has a chance to test higher levels, while oil is struggling with the negative news from China.
Oil is edging higher due to the overall risk-on sentiment and a weaker US dollar. Jump in to get the tech tips!
The year-end is getting closer. What will 2021 bring us? Let’s find out what major banks expect!
What happened? Brent returned to the rising channel on Wednesday by gaining 4% during the trading session…