Tag - oil

The US dollar is heading for the best week in three. The market sentiment is mixed as optimism about the global economic recovery was outshined by increasing tensions between the West and China.

Rising yields, potential US tax hikes, and inflation fears worry investors. As a result, the market sentiment is risk-off. Stocks are falling, while the USD and the JPY are edging higher. 

The Turkish lira hugely dropped today, which pushed USD/TRY up to highs unseen since November 2020.

The Turkish lira hugely dropped today, which pushed USD/TRY up to highs unseen since November 2020. Oil started recovering its losses after the worst week since October.

OPEC+ shocked investors last week with its decision to prolong output cuts, whcih sent oil soaring. The question is when oil will fall?

The US is set to deliver $1.9 trillion stimulus. Nasdaq retreated after Monday’s deep slump. Oil dropped because of an attack on the crude terminal in Saudi Arabia.

Wow! There are so many events happening right now in the Forex market. Jump in to know!

Great news for oil bulls! OPEC and its allied producers agreed to expand output cuts for the next month.

The USD skyrocketed after Fed Powell’s speech. OPEC and allied producers agreed to extend production cuts for another month. Oil surged.

OPEC will hold a meeting on March 4, where it should announce its decision on further oil output.

Riskier currencies such as the GBP, NZD, and AUD skyrocketed to multi-year highs. 10-year Treasury yields rose to the highest level in almost a year. Oil tries to rebound from its previous week's losses.

Ichimoku Kinko Hyo CAD/JPY: The pair is trading above the cloud…