The Oil prices are recovering along with the global equity market

September 20, 2016

The US Dollar loses ground on Monday as the bearish sentiments on the currency start to grow ahead of the FOMC decision. Futures on the rate hike have a slim chance as the FED tightening has fueled the Dollar selloff even further.The DXY ebbs from key 96.00 level after the upbeat CPI data released on Friday, the trading lowers near a 95.80 areawith biggest losses against the British Pound and Japanese Yen.

On Friday, the official US government data showed that the CPI rose by 2.3% in August, 0.1% higher than medium projection.

Gold rises due to the dollars slack and FED-related uncertainty looming large, XAU/USD +0.59%.

On the currency market, the EUR/USD rose slightly, while the GBP/USD shows rebound after a steep decrease on Friday. The Australian dollar soared along with other commodity currencies against its American peer, as they were propelled by the upturn of the energy markets.

Crude Oil prices recovered after a bearish week, which was fueled by the by Venezuela president Nicolas Maduro statement saying that the OPEC members are close to reaching an agreement on the output freeze. The OPEC general secretary Mohammed Barkindo also leans towards the idea of a production kerb which could be achieved soon.

The European equities buoyed on Monday with the UK 100 index soaring at 1.47%, anticipating that there will be no change in the FED policy. Meanwhile, the German DAX index gained 0.78%. EM stocks rose as well, with the biggest gains at Russian RTS.

Publication source
Tickmill information  Tickmill reviews

February 22, 2017
Crude oil look set to resume bullish trend
Oil prices have been coiling for several weeks now with both contracts spending most of their time in a tight four dollar range...
February 22, 2017
Investors are questioning the stability of EU, should you?
The US radiant future under the Trumpnomics remains a hot topic for speculation, propelling the greenbacks demand. More and more investors are trying to hop on the Dollars gravy train, as caution is lowered...
February 22, 2017
Brent remained strongly bid
Sustained break above the 57.50 region is seen as minimum requirement needed to confirm bullish resumption. Once we break above the 57.50 hurdle, we think that the 58.50 level will be next. Meanwhile, we do not exclude a minor correction towards 56.50 dollars per barrel...

FxPro Rating
Vantage FX Rating
FX Giants Rating
Orbex Rating
Larson&Holz IT Ltd Rating
 FXTM Rating

TropicalTrade Rating
99Binary Rating
Migesco Rating
First Binary Option Service Rating
EZTrader Rating
UKoptions Rating