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.
Crude oil prices are now looking somewhat determined in their attempt to occupy the next important bullish bastion of $25/bbl.
European bonds take a break from eight consecutive days of decline, as credit risks finally calms down.
Concerns over global economy growth skyrocketed, sending equity markets into a sharp decline.
Crude prices appear to escape from the bear trap, with the first signs of Saudis’ loosening their tight grip.
The price has formed a reverse bearish engulfment model, which is pressing against the broken daily channel…
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.