Posts Tagged ‘news’

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Crude Oil Can Boost Ruble’s Rise

The outlook for the Russian currency is still vague. With the current political situation and sluggish oil prices, the USD/RUB pair remains inside a medium-term trading range. Markets are ready for the presidential election in Russia that will be held this Sunday. It is clear for most investors that Vladimir Putin will be reelected, but the question about the further stance of economic policy remains open. Some analysts forecast […]

Eurozone Inflation Discourages Traders

Many analysts believe that the EUR/USD pair will fall in the near future. Their forecasts are based on several factors. Technical indicators show the formation of the bearish trend. The fall of the pair below the psychological level of 1.24 urged traders to close long orders on the pair. In addition, after Mario Draghi's statement that the ECB intends to keep the asset purchase program unchanged, sellers expect the EUR/USD pair to fall to 1.22. Today, the pair […]

Political News Absorbs the Attention of Traders

Today, European traders are selling the most popular currency pair. The investor sentiment was shaped by yesterday's speech of ECB President Mario Draghi. The central banker said that the regulator dismissed the idea of tapering the quantitative easing program in the near future. He added that no monetary changes should be done until the inflation reaches the target level of 2% and holds steady there. Tomorrow, the inflation data will be […]

Saudi Arabia to Keep Oil Production Limited

Oil prices are consolidating near the current levels. Crude can go upwards, but investors are still cautious. Brent Crude Oil is trading at $64.80 a barrel. Oil is supported by Saudi Arabia announcement that it plans to keep the volume of oil production limited. At the same time, Iran is calling for a smooth deal from the OPEC deal. Meanwhile, according to the OPEC report released yesterday, oil supply […]

Cryptocurrencies Take Another Nosedive

The bear sentiment is again setting the tone on the market of cryptocurrencies. Digital currencies are trading at multi-week lows. Bitcoin dropped in value below $8,000. In the European market, the most popular digital currency was trading near $7,800 per token. Bitcoin shed 25%, following the news about Google's decision to crack down on cryptocurrencies. Yesterday, the world's largest advertisement provider announced that it would ban all cryptocurrency related […]

Daily Forex News and Analysis — March 15th 2018

US stocks were lower after the close on Wednesday, as losses in the Basic Materials, Consumer Goods, and Financials sectors led shares lower. The Dow Jones fell by 1%, the S&P 500 by 0.57%, and the NASDAQ lost 0.19% from its value. The US dollar was roughly unchanged against a basket of major currencies as upbeat US wholesale inflation was offset by a fall in retail sales. Today, the Empire State Manufacturing Index is expected […]

Oil Prices Gain Ground amid Upbeat News from China

While uncertainty persists on the currency market and traders refrain from buying risky assets, investors shift their attention to Crude Oil. Oil prices are rising gradually. The Brent Crude Benchmark is trading at $65 per barrel. A rise was triggered by positive macroeconomic statistics from China that showed a fall in the domestic production of 1.9% on a yearly basis. The Shale Crude Oil is also rising, but at a slower pace, […]

European Assets Lack Demand

Today, investors refrain from buying risky assets amid the current political situation. Nevertheless, despite the US dollar decline, traders continue to sell European currencies. For example, the GBP/USD pair is approaching 1.3940. Experts forecast that the British currency will continue to decline, despite the upbeat news about the high possibility of signing the Brexit agreement. Meanwhile, the euro is falling amid ECB President Mario Draghi's statements. Mario […]

Daily Forex News and Analysis — March 14th 2018

Wall Street finished in the red after the close on Tuesday, as losses in the Technology, Financials, and Oil & Gas sectors led shares lower. The Dow Jones fell by 0.68%, the S&P 500 by 0.64%, and the NASDAQ lost 1.02% from its value. The US dollar traded lower against a basket of major currencies on Tuesday as timid US inflation dented investor expectations for a faster pace of rate hikes while US political uncertainty weighed on sentiment. […]

Ruble Trading Flat amid International Scandal Involving Russia

The British pound is in high demand today, unlike the euro. The cable is stubbornly moving higher, holding at the highs that were hit at the close of the last week's trading. The GBP/USD pair is hovering near the level of 1.39. In addition to the upcoming publication of the inflation data in the US, traders focus on the equally important events. Thus, Chancellor Philip Hammond will present the spring budget report to the Parliament. His speech may hint at the future […]