ONLINE FOREX BROKER
The oil site in Ras Tanurah on the east coast of Saudi Arabia produces 6% of the total global oil supply alone. That's exactly the site that was recently hit by missiles attacks - one of the several that took place in the last week. No damage was taken to the facilities and no one got hurt. However, as it's the biggest oil production site in the world, investors were really scared that the oil supply may be exposed to risk in our uncertain time.
This fear drove the price to the upside: Brent rose to $70, WTI - to $68. However, as it was purely an emotional reaction of the market, the correction quickly came to the stage. This is exactly how you may benefit from this event - use the correction. The zone of $65 may be a very possible target for bears.
The price goes down to $65, floats horizontally, and continues the larger uptrend.
The price goes to the area of $62-63 and bounces upwards.
The price touches the tactical support of $60 to start a big recovery.
In each scenario, you need to catch the moment of reversal.
Today, two events will shake the US dollar. First, at 16:45 GMT+2, Markit, a statistical company, will release the US Flash Services PMI. Moreover, at 21:00 GMT+2, the Federal Reserve will release its meeting minutes.
This Wednesday will be heaven for day traders. A considerable number of events will make the market volatile. Don't miss it!
The G20 summit and the US PPI release gave us a lot of volatility to trade on. Luckily, today’s markets may be even more volatile with new vital releases and geopolitical decisions. The daily news report will surely help you!
The winter is coming, and risky markets expect a rally to come with it. Will this December be bullish for stocks, crypto, and gold? A pack of news will surely help you out.
Good morning, dear traders! Hope you’re doing great! Let’s talk about the news that is worth following today! Key market events: 15:30 MT, CAD GDP m/m 17:00 MT, GBP BOE Gov Bailey Speaks Oil is tensed again Oil rose as China refined its approach…
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!
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