The oil keeps rallying as concerns of a global energy crunch strengthened. Brent has almost reached $80 a barrel – the level which has been unseen since 2018.
Tag - oil
A combo of strong demand and poor supply has sent oil prices to the high unseen since 2018. Gas is at record highs as well.
Commodities (iron ore, oil) and commodity-linked currencies (AUD, CAD) surged. West Texas Intermediate has reached $75 a barrel, while Brent rose to the highest mark since October 2018.
The Fed can start tapering already this November, oil is rallying pushing the Canadian dollar up! Jump in to know more!
How will the Federal Reserve, the Bank of England, the Bank of Japan, and the Swiss central bank move the market? Watch the weekly video to find out and get trade ideas for Forex pairs, oil, gold, and S&P 500!…
Quadruple witching is gone and now there are no reasons for the market to hinder. From banks statements and economic data to gas storage reading and Fed’s Powell speech – get ready for active trading.
The next week is going to be interesting for traders. The US, UK, and Canada will reveal the inflation data. Australia will show the labor numbers, while New Zealand – GDP growth.
Markets are optimistic today and Asian stocks rise…
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
This week began with several positive news which made investors feel confident about future global economic recovery.
This week is full of important news, starting with PMIs in the key economies, with Jackson Hole Symposium as a cherry on the top.
The meeting of the Federal Reserve in Jackson Hole will define the trend for the USD. Brent oil is back above $65 but for how long?