The Dollar continues to alternate offensive with short-term corrections. The latest spurt can be attributed to the positive news from the US Senate, where Republicans managed to agree on budget estimates for 2018.
The EUR/USD pair is stable, despite the fact that the Dollar is falling against other currencies ahead of the Septembers consumer inflation data. What has pushed Dollar in the right direction has been the unemployment benefits data.
Brazilian Minister of Energy said that the country is ready to participate in the Oil market fight and push production to the limit, as long as the demand structure for energy still consists mostly of Oil products
Will the ECB Minutes solve the Euro´s controversy?
The world indices are descending from record highs, while the European investors are tensely waiting for the ECB meeting protocol to get more information about the regulator’s intentions to curtail the monetary stimulus.
The rise of gasoline prices is falling short as a result of Hurricane Harvey formed an attractive margin for the US refineries. The situation did not fail to take advantage of the largest Oil refinery – Motive Enterprises
The S&P 500 index seems to depend only on the positive news while updating records. The Dollar remains in a limbo, as sellers made a halt after a long descent, while the FED situation remains very uncertain.