Don’t waste your time – keep track of how NFP affects the US dollar!
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Riskier currencies such as the GBP, NZD, and AUD skyrocketed to multi-year highs. 10-year Treasury yields rose to the highest level in almost a year. Oil tries to rebound from its previous week's losses.
OPEC will hold a meeting on March 4, where it should announce its decision on further oil output.
The US is set to deliver $1.9 trillion stimulus. Nasdaq retreated after Monday’s deep slump. Oil dropped because of an attack on the crude terminal in Saudi Arabia.
OPEC+ shocked investors last week with its decision to prolong output cuts, whcih sent oil soaring. The question is when oil will fall?
Rising yields, potential US tax hikes, and inflation fears worry investors. As a result, the market sentiment is risk-off. Stocks are falling, while the USD and the JPY are edging higher.
Oil is edging higher due to the overall risk-on sentiment and a weaker US dollar. Jump in to get the tech tips!
EUR/USD retraced to 1.1870 after breaking out this level. It should be just a natural sell-off ahead of the further rally up.
In this article, we will discuss oil, gold, EUR/USD, Bitcoin movements during the past week and try to find short- and long-term trading opportunities…