Oil managed to get over the “below $30 bearish trap”.
Rumors of a production cut have cut Oil prices by over 10% last Friday.
Oil prices are looking upwards, as the market expects the OPEC members to finally come to an agreement on output levels soon.
Important news that will affect your trading.
The government will do their best in order to struggle with deflation and abnormal strengthening of the Yen.
The safe haven status, which the Yen has been enjoying recently, threats the Japanese economy…
Crude oil prices are now looking somewhat determined in their attempt to occupy the next important bullish bastion of $25/bbl.
European bonds take a break from eight consecutive days of decline, as credit risks finally calms down.
Concerns over global economy growth skyrocketed, sending equity markets into a sharp decline.
Crude prices appear to escape from the bear trap, with the first signs of Saudis’ loosening their tight grip.
Important news that will determine currency movements next week…
The US NFP data crushed investors’ hopes that it will bring clarity in March’s FOMC decision.
The Wednesday ISM report revealed significant slowdown in business activity in the US service sector.
European and Asian indices have re-ignited their appetite for mining and energy companies.
Chinese stocks have resumed their decline, as investors hurried up to take profit in the depressed market.