The US-China tensed relationship coupled with the US domestic unrest weakens the USD against most currencies. The AUD, oil, and gold rise.
Tag - wti - west texas intermediate
The market's sentiment is generally neutral and indecisive, although still positive and inclined to risk.
The volatility of the oil price these days questions the previously taken uptrend. Or does it not?
WTI oil has found support in the 49.35 area for the second time this February.
The weak has started with concerns about the coronavirus and the global recovery. How to make porfit in such an environment? Watch the video to get trade ideas for EUR/USD, GBP/USD, USD/JPY, WTI, and XAU/USD!
What events to trade on today?
Things change rapidly in Forex and stock markets amid virus pandemic and oil price war; watch the daily video to get updated.
The G-7 central banks respond to the global recession risks caused by the coronavirus damage. How effective may that be? FBS analyst Gaspar Markosyan gives an overview of the Forex market response.
OPEC+ is almost done with the big output cut, but the oil price doesn't like it enough.
This Tuesday gives an interesting Forex market layout with a weak USD, strong GBP, disappointed oil, and skyrocketing gold price.
Get ready for the Easter Monday trades!
Currencies don't show any big activity on the US President's announcements, WTI gets lower than $19, gold at $1,700.