Main trading events to keep an eye out in the upcoming week.
Bank of Japan leaves key rates unchanged, Trump fires acting AG on disobedience.
$55 a barrel crude remains “far away from the equilibrium price.” Rouble keeps “moving” above the broken descending weekly channel and prices, making the trades risky.
Trump held his first press conference after the election in November, which did not clarify much. He avoided the most sensitive issues such as the fiscal stimulus and taxation.
The prospects for a rebalance on the market are likely to be hindered mainly due to the revival of shale production in the US.
The Oil drops as Iran boosts market share, meanwhile Chinese stocks have a good start to the week, as the Pound drops hard.
Dollar starts to decline, as FOMC Minutes had nothing new for the investors. On the other hand Rouble breaks a new level that hasn´t been seen since 2015.
The EUR is resisting pressure, as inflation pickup adds hopes for ECB changes. Oil trades are mixed on production cuts and increases.
The Dollar renews advances together with Oil, as investors seem to bet on worldwide economic expansion in 2017.
Is it really going to be smooth sailing in the new year or should be waiting for unexpected market tides? We have made an overview, of what to expect of the Forex flow.
Long holidays fuel the appeal of safe heavens, as greenback drops.
Greenback outshines its major opponents, despite the low-volume trading.The Oil traders remain optimistic as OPEC prepares to cut output.
We have an interesting thing going on with WTI: the price touched the broken level of 52.50 and pulled back from it.
The US Dollar retreats on profit taking, as Oil renew advances when production cut fuel prices growth.
USD/JPY has formed a white candlestick, which goes well with Christmas time, while Oil broke the resistance formed by OPEC.