Seems that the Dollars outlook is rather gloomy. Rest of the market is taking gains on this news and oil is ready for a takeoff, as the cuts agreement is likely to be extended.
The extension of OPEC curbs for the second half of 2017 is being actively discussed, but it is still too early to talk about specific results.
After the three-day retreat the investors hope that Russian and American diplomats are able to work the issues regarding the Middle East conflict. Oil has been declining in the meantime.
Russian shares retreated on Monday, as Dollar is stable ahead of the Yellen speech. What happened at the US Payrolls? How did the US-China summit go? Find out now!
The Dollar loses poise on the FED consensus, as bullish tone remains in play. This makes Pound spike up, but how long will it last in the light of Brexit?
It seems that the low tide of the Dollar is only temporary as market segments suggest a rise after the Congress meeting.
The Dollar reverses gains ahead of Yellen speech, German GDP falls short of estimates.
$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.
There is now only one option, which is to sell Euro at the current price at 1.0605
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 Dollar renews advances together with Oil, as investors seem to bet on worldwide economic expansion in 2017.
Greenback outshines its major opponents, despite the low-volume trading.The Oil traders remain optimistic as OPEC prepares to cut output.
Here are the 5 currencies to look out for in 2017!
The Italian constitutional referendum took place on Sunday. As the focus was on the constitutional changes then it seems that the Italian political structure will be radically altered.
The Oil prices soar, as OPEC is close to a successful deal. Same time, Australian Dollar plunge dragged by iron ore.