Don’t waste your time – keep track of how NFP affects the US dollar!
The ASIC policy prohibits us from providing services to clients in your region. Are you already registered with FBS and want to continue working in your Personal area?Personal area
Today, OPEC+ is expected to announce how much exactly oil they will supply to the oil market in the coming months. More specifically, what the supply increase will be. The Saudi approach favors a cautious strategy with an expected 500,000bdp increase - that stands against the Russian view on the matter that supposes 1,500,000bpd should be added to the daily supply. That'll be known this Thursday evening, most probably.
In the meantime, a missile landed at the Saudi Aramco site near Jeddah. That was one of the two incidents claimed by Yemen's Houthis (fighting against the UN-recognised government in Yemen) who allegedly attacked a Saudi airbase as well. That might have been the main factor that made the oil price rise to $62 recently. Another factor was the fall of the US oil inventories that spurred the price to the upside.
Now, while Saudi Arabia achieved to produce an image of a very flexible and cautious oil market player, they have a very strong negotiating leverage currently - that 1mln bpd that they voluntarily cut from their production plan to support the price. That's just to say, be prepared to see anything from a modest increase lower than the market expectation to the highest reasonable number. At the end of the day, it's OPEC - things are rarely straightforward there.
Latest news On September 29, Virgin Galactic announced that the Federal Aviation Administration has approved launches resume after an investigation about why its spaceship veered off course while descending during a July flight with founder Richard…
What will happen? Brent's price fell after a less than expected oil crude inventories report…
The riskier New Zealand dollar skyrocketed and pushed the NZD/USD pair up to the resistance level of 0.7150. How to trade it now?
Fundamental news The US Securities and Exchange Commission (SEC) has approved an exchange-traded fund called the Volt Bitcoin Revolution ETF…
The time for cryptocurrency has come! Bitcoin is once again looking interesting enough to analyze it. But digital gold is not the only one to watch after.
Apple, your favorite phone maker and one of the biggest tech companies, which capitalization has recently reached $3 trillion, will post its earnings today at 23:30 GMT+2.
For a long time, US Federal Reserve printed trillions of dollars to support the economy. But in the light of the highest inflation in almost 40 years, the stream of stimulus tends to shrink.
What is happening? In December 2021, the main question on global markets was: “When will the FED increase the key rate?” Traders and investors were transferring their capitals into USDs, waiting for the great dump worldwide…