WTI oil has reached our previous targets. On the W1, a big bullish candlestick engulfed the previous bearish one.
Tag - wti - west texas intermediate
The market sentiment improved after the positive vaccine experiment. Stocks gained and EUR/USD surged, as well. Traders await the NFP report.
The USD keeps reigning in the Forex as the US infections are far from being managed while the EUR is pushed by hopes of the recovery fund; oil is revolving around $40 and gold is trying to claim higher grounds above $1 800!
The virus situation keeps improving slowly but steadily; nevertheless, investors are still concerned with the larger scope of economic consequences: USD slides down, JPY weak, gold rises.
Which currencies will be in demand during the upcoming days? What is the outlook for oil? Watch the weekly video and learn about the best profit opportunities that await trades this week! …
Coronavirus risks continue spreading. What the next week has for us?
The FOMC meeting is on the agenda. Will the Fed keep its rate on hold or not?
OPEC is thinking of an emergency meeting. Why is that?
The USD lost it's value across the board as the market got risk-on mood back; at the same time, gold climbed to $1,770 paving the way to $1,800.
The worsening Sino-American relations and the still-there virus in the US finally pushed gold to its all-time highs and got the USD under heavy pressure across the board.
The Japanese yen is back in the Forex market reconquest on investors' flight to safety. Observers are almost certain the US financial authorities will lower the main interest rate - hence, the USD is dragged down. What else does Friday bring?
Check the levels for EUR/USD, USD/ZAR and oil