Brent at $70 and WTI at $68! Now, correction time...
What happened
The oil site in Ras Tanurah on the east coast of Saudi Arabia produces 6% of the total global oil supply alone. Thats exactly the site that was recently hit by mis...
NFP: USD getting even stronger?
Last time
These were the figures released in the February NFP:
Av. Hourly Earnings were 0.2% against the 0.3% expected
Employment Change was 49K against 85K expected...
What will happen to the euro after the ECB meeting?
What will happen?
The European Central Bank publishes its monetary policy statement that includes an announcement of the interest rate on March 11, at 14:45 MT time. As usual, t...
Oil surged after OPEC meeting
What happened?
Great news for oil bulls! OPEC and its allied producers agreed to expand output cuts for the next month. Some insignificant exemptions were made for Russia and Ka...
USD surged after Fed's speech. NFP is eyed
Latest news
The US dollar skyrocketed on Thursday after Fed Chair Jerome Powells speech. He did not express any concern about a recent sell-off in Treasuries and emphasized t...
Fed may set new track for USD and stocks today
What will happen?
Fed Chair Jerome Powell will testify today at 19:05 MT time. This event is crucial for traders as the tone of the speech may set the risk tone for the markets ...
WTI oil: up at $62 while OPEC+ decides
Today, OPEC+ is expected to announce how much exactly oil they will supply to the oil market in the coming months. More specifically, what the supply increase will be. The Saudi ap...
Will the BOC act amid an improving outlook?
What will happen?
The Bank of Canada will publish a rate statement and update on the interest rate on Wednesday, at 17:00 MT time. The statement normally contains commentary abo...
Bank of America: time to sell stocks
What happened?
Bank of America has tracked signs of the upcoming stock market crash. The bank said that investors optimism over global recovery has pushed stocks to too high lev...
Bank of America: stocks sell-off is soon
What happened?
Bank of America has tracked signs of the upcoming stock market crash. The bank said that investors optimism over global recovery has pushed stocks to too high lev...
NZD/USD: testing the resistance
Disposition
The US dollar has exerted much pressure on the NZD lately and made the pair dive to the support of 200-MA above 0.72. However, the pair bounced and currently trades ...
AUD jumped on positive GDP
Latest news
Australian GDP rose by 3.1%, exceeding analysts forecasts of 2.5%. Australia experiences a stronger-than-expected recovery due to a rebound of the labor market, r...
