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.
European indices extend their decline for the second consecutive day together with falling Oil prices.
Oil’s longest upward streak halts as China’s industry sector keeps slowing down and OPEC maintains high pumping volumes despite global surplus.
Don’t miss the key economic events that will move the markets next week
The meeting of OPEC and non-OPEC exporters can take place in February or March
Bank of Japan’s decision to cut the interest rate was quite surprising for markets
A decision on federal funds rate was supposed to be taken at yesterday’s FOMC meeting
Crude prices have lost their fragile balance again dropping below the level.
Oil futures have rebound from the 12-year low during the Monday session.
