The revival of the fading oil industry in the US was predicted by many analysts.
Why is the Dollar weakening? This is because the Fed has something to do with it.
Check out the main events that will shape the market in the upcoming week.
The Japanese Central Bank announced this week that deepening the negative rate to -0.5% is theoretically possible.
The US Dollar recovers losses against all majors.
Yellen’s verdict was unfavorable for the US Dollar.
With the CHN, we have approached the descending channel.
The long-awaited discussion on the Oil market will be resumed on April 17 in Doha.
The GBP declined by 0.94% against the US Dollar.
With WTI we have breached the shoulder and the double bottom lines, as well as the daily descending channel.
It’s clear that the US Dollar gains strength against all majors well ahead of the Fed Rate decision on March 16.
OPEC reduced output by 90 000 barrels daily in February.
European stocks pick up, as investing costs became cheaper with the new ECB policy.
EUR/USD declines ahead of the ECB release.