Tag - oil

Oil prices remain under pressure. After Brent has broken the consolidation range to the downside and fell below 30.00, it got some support ahead of 27.00.

This Tuesday gives an interesting Forex market layout with a weak USD, strong GBP, disappointed oil, and skyrocketing gold price.

The world’s top oil producers pulled off a historic deal to cut global petroleum output by nearly a 10th, and they considered this deal as an end to the devastating price war that brought the energy industry to its knees.

The coronavirus, the oil deal and the upcoming economic data releases will move the market. Watch the video to find out how to use these topics in trading!

OPEC+ is almost done with the big output cut, but the oil price doesn't like it enough.

Time to collect our knowledge about OPEC and prepare for its meeting.

Most of the currency pairs are in a consolidation, oil is waiting for the OPEC+ deal.

The virus situation keeps improving slowly but steadily; nevertheless, investors are still concerned with the larger scope of economic consequences: USD slides down, JPY weak, gold rises.

So are Russia and Saudi Arabia going to strike a deal? And where is the US?

The coronavirus, the shocking levels of the key economic indicators and the OPEC+ meeting are at the center of this report.

The week starts with weaker JPY and GBP, USD stays strong, gold rises to $1,620, and oil hopes for OPEC+ supply cut resolution.

Global coronavirus cases have surpassed 1 million, US unemployment claims have doubled, oil has soared, and NFP will come out in a few hours. Watch the video and learn more about the market!