Check out the main economic news to follow next week.
The Chinese economy remains the main source of volatility on emerging markets.
The US Dollar looks stable against the basket of six other majors.
Investors get rid of their positions to protect themselves from volatility.
We are waiting for USD/RUB to continue falling.
Saudi-Russian proposal to cap Oil output didn’t find adequate support from Iran.
Crude Oil futures surrendered their prior gains during European session on Tuesday.
The Euro has returned to the previously broken daily ascending channel.
Oil rig counts in the US continue to decline, boosting Oil prices.
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Unprecedented growth of consumer lending in China raises concerns of the country’s regulator.
The rout on equity markets because of falling has Oil resumed today, sending Yen to a substantial rally against EUR and USD.
There is an inverse flag shaped for the pair in the four-hour and day chart.
Collapsing energy market saw a glimmer of hope for a rebound due to positive fundamental shifts that happened this week.
Oil managed to get over the “below $30 bearish trap”.