After an extremely volatile week in the markets, traders await the next steps of the USD and stocks…
Tag - oil
The Federal Reserve announced tapering of its monthly bond purchases…
The US dollar strengthening presses gold…
S&P 500 and Nasdaq are still near all-time highs, supported by robust corporate earnings. Gold keeps moving inside the ascending channel.
The Fed is ready to start tapering in November. Since the markets were expecting this and it wasn’t a surprise, the USD slumped allowing risk-on currencies and gold to rally up.
For the last several weeks gas was skyrocketing at an enormous pace. It has gained more than 17% from August 18. What is the reason for such moves?
The market sentiment is risk-off. Stocks are falling, while the safe-haven US dollar is edging higher. Meanwhile, oil advanced after the OPEC meeting.
Stocks dropped at the start of the week as investors are worried over rising costs, supply-chain issues, and inflationary pressures as they can slow down the economic growth.
This week is going to be interesting for traders as some high-impact events will happen!
The US dollar rally paused, while gold and Bitcoin got pumped! Brent reversed and EUR/USD dropped to its year low! Watch the video to learn more!…
Why brothers? If you put an oil chart on the S&P500 chart, you will find out that these assets have a strong correlation…
What will happen? Crude oil inventories will be announced at 17:30 MT (GMT+3) on Wednesday, September 29…