Russia, Saudi Arabia... and the US: an amazing trio that's tuning the oil price down - how about using the situation to your benefit?
Daily Market Analysis
The performance of the US stock market has been quite dramatic this week. S&P 500 dropped by 7% four minutes after the US trading session started on Monday.
Let’s review the most interesting topics and instruments that will be in the center of traders’ attention this week.
EUR/USD has reached December high at 1.1240 and is actively testing levels above it. The picture at the chart changes very fast.
If you don’t want to deal with the violent moves of the USD these days, consider crosses, for example, EUR/JPY.
While sheep avoid turning to an uncertain direction and making investments, real professionals consider these times as the road for more opportunities...
Just like EUR/AUD, EUR/CAD has soared during the period since February 20. There’s a chance that the pair will follow the path of EUR/AUD after the BOC meeting.
The US dollar drops to strategic lows against the Swiss franc. Will that keep going on?
USD loses its positions on the market, the pressure on it increases. What will the US Fed do?
As the market expected, the Reserve Bank of Australia has cut its interest rate from 0.75% to 0.5%. AUD/USD rallied on the news as the decision had been priced in.
Is EUR going to break the 2-year downtrend?
Turkish lira slumped recently against the USD, and there are all signs that's not the end. What stands behind that?