Oil Analysis, Prices, and Charts The virtual OPEC+ meeting starts on Thursday and may prove fractious. Oil prices are set to tread water ahead of any announcements. Download our complimentary guide on How to Trade Oil Recommended by Nick Cawley How to Trade Oil DailyFX Economic Calendar The oil market may see a further bout
Oil (Brent, WTI) News and Analysis EIA storage figures reveal increasing stock levels – keeping prices suppressed Brent crude pullback has proven to be short lived after failing to surpass 200 SMA WTI revealing a bearish formation (evening star) at notable level of resistance The analysis in this article makes use of chart patterns and
What does the Fed participants view on current conditions and economic outlook look like by topic? Economic Growth and Consumer Spending: Real GDP expanded strongly in Q3, driven by a surge in consumer spending. Despite robust growth, aggregate demand and supply are becoming more balanced due to restrictive monetary policy and normalizing supply conditions. Consumer
American president justified the comment: “He is a man who runs a communist country” After a four-hour meeting in San Francisco, California, the American president Joe Biden called the Chinese leader Xi Jinping in “dictator” . For Biden, “he is a dictator in the sense that he is a man who runs a country that is communist” . The American also said that
Share: USD/CAD loses traction above the 1.3700 mark on Monday. Traders believe the Fed is done with the hiking cycle and expect the Fed will begin easing monetary policy in May 2024. FOMC Meeting Minutes and Canadian CPI will be closely watched events. The USD/CAD pair trades in negative territory for the second
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
© Reuters. The US dollar held its ground today, as investors digested Federal Reserve Chair Jerome Powell’s recent comments on the ongoing rate hikes and their impact on the economy. This stability comes against the backdrop of Moody’s (NYSE:) decision to downgrade the US sovereign credit rating, citing political and governance concerns. The market is
MON: OPEC OMR, Canadian Remembrance Day (Observed). TUE: IEA OMR; UK Average Earnings/Unemployment (Oct/Sep), EZ Employment (Q3), German ZEW (Nov), US NFIB (Oct), CPI (Oct), Japanese GDP (Q3). WED: Chinese Retail Sales/Industrial Output (Oct), UK CPI (Oct), EZ Trade Balance (Sep), US PPI Final Demand (Oct), Retail Sales (Oct), Japanese Trade Balance (Oct). THU: CBRT
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not