OPEC+ nations decided to stick to gradual production increases and gave a positive outlook for oil demand. Brent rose to the highest levels since 2019 on Tuesday.
Tag - usd
This week we expect the OPEC+ to move the oil prices, while the focus of majors' traders will be on the NFP
Chinese figures weren't too impressive. It's a bank holiday in the United States and Britain. Watch the video to get trade ideas for EUR/USD, GBP/USD, USD/JPY, XAU/USD, and oil!
The market is preparing for an active week. Have a look at the trading instruments with the most interesting potential!
The US Dollar Index tested the higher line of its downtrend channel on the daily chart but failed to breakout, following the disappointment of the 2nd reading of Q1 GDP.
US unemployment claims fell to the pandemic low. Joe Biden will unveil a $6-trillion budget on Friday. In the meantime, Bitcoin was hit after negative comments from one of the central bankers.
The US Dollar has been losing value against the Swiss franc for more than a month now. Let's examine where it might be going.
After reaching key psychological levels, the gold price and the S&P 500 ceded some of the gains to cool down. However, they are still following bullish trajectories.
The gold price and the S&P 500 go beyond important psychological levels sharing bullish vibes across the markets. In the meantime, WTI oil trades at local highs, too, in the hopes of an upbeat outlook to come from the OPEC meeting next week.
While China is trying to cool off commodity markets and the US is tapering inflation, some stocks will see their earnings reports on Wednesday, and the NZD will have its interest rate released. Tune in!
MAs are the primary technical indicator. How to use it? Let's see it in examples.
EUR/USD and GBP/USD met resistance. Gold is consolidating after rising to 4-month highs. A sell idea for Brent oil. Technical levels for S&P 500. Watch the video to learn about these and other topics important for traders!