Find out the market performance for today
Tag - wti - west texas intermediate
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.
Get ready for the Easter Monday trades!
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.
Middle of the week, no big news, USD slightly up, GBP prone to weakness as the British PM still in ICU
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 week starts with weaker JPY and GBP, USD stays strong, gold rises to $1,620, and oil hopes for OPEC+ supply cut resolution.
USD is almost the only currency showing confidence in Forex on April 2, currencies of developing economies losing ground, WTI oil slightly up from $20