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”.
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.
most errors happen when a trader does not follow their own trading strategy.
Last week was all about Janet Yellen’s speech before the congress.
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…
Yellen stated that we should not expect a steep and quick rate increase – the US need weak currency to support their exports.