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.
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.
It’s clear that the US Dollar gains strength against all majors well ahead of the Fed Rate decision on March 16.
Check out the main events that will shape the market in the upcoming week.
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.
European indices are trading in the green today, supported by oil and commodity shares.
After rising by 6% on Monday, both Brent and WTI retreated.
Oil prices are confidently heading to the $40 level.
Read our breakdown of the most important economic events to look out for in the following week.
As the rivalry on the energy market toughens and it becomes harder to defend the market share.