$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.
USD is steadily heading north.
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.
Dollar retreats as the rate hike odds at peak. The oil advances on OPEC output freeze prospects.
According to the COT CFTC reports, Ruble purchases in a larger scope have reached its historical maximum, while hedgers managed to do four times the sales with the Russian currency.
The lackluster Chinese data spurred demand for a safe haven with the Japanese Yen rising against the Dollar.
As the State Duma elections took part this Sunday, we can assume that there are steady positions ahead for the Russian Ruble. At the same time, GPB shows very promising rise for the future.
A decisive address from the head of the Japan Central Bank will likely kerb the appetite of the Yen bulls, helping the currency to retreat from excessive strengthening.
The Rouble can’t beat the current as it is being dragged down to the deep end. It is “moving” around on a wide range, but what are options considering?
The economic world is waiting for Mario Dragn’s speech to get a clue of how dangerous Brexit is for the ECB.