Commodity sector is at the lead to OPEC deal.
Dollar retreats ahead of the Payrolls, as the the US auto sales rose by 3.7% in November.
OPEC strikes the deal sending prices to a new powerful rally. The Dollar declines, as the focus is on the equities of the energy sector.
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The Oil prices soar, as OPEC is close to a successful deal. Same time, Australian Dollar plunge dragged by iron ore.
Oil tumbles ahead of OPEC talks in Vienna, as the Greenback is back on a growth track
The Dollar posted the biggest declines since the outcome of the US elections. Oil traders change their bullish mood from last week on the hopes of a positive decision from OPEC, as the commodity market optimism fails to spread on the equities.
The manufacturing countries will be proposed to reduce the production output by 600 thousand barrels per day. Of course, it can boost the Oil rates on Monday.
Make smart decisions and know all the important dates next week, when you to make serious advances in your trading.
Pound is stable against US Dollar.
The JPY growth gains traction on the upbeat CPI, as Oil prices plunge ahead of the OPEC talks.
The US Dollar rallied as economic data signals expansion. Oil is trading flat in the wait of OPEC market solution.
We should consider the scenario where the instrument starts forming candlestick patterns in the 4-hour time frame.
ECB head Draghi noted that the timid inflation pace may force the bank to extend the QE. The Dollar resumes gains, as Oil stays near a three-week high thank to undecided OPEC.
Oil fuels gains as OPEC is close to success. US equities are breaking record peaks as the weaker Dollar helps to improve the economic situation.