The US Fed Funds Rate announcement and Press Conference will be at 21:00 MT on January 29.
Crude prices edge down in Asia after early profits
On Thursday, crude reversed course and dipped in Asia, as market participants moved on from a lower than expected build in American crude stocks as well as a supply disruption in Libya and waited for the latest weekly rig count data from America for further guidance.
In New York, April delivery crude futures lost 0.02%, hitting $49.49 a barrel. Meanwhile, in London, Brent futures sank 0.19%, hitting $52.44 a barrel.
Meanwhile, traders turn attention to Baker Hughes rig count. The previous week’s data disclosed that the number of active American rigs drilling for crude grew by 21, the tenth weekly soar in a row. It increased the total count to 652, which is the most impressive outcome since September 2015.
Overnight, crude futures grew after the latest Energy Information Administration report revealed a smaller than expected soar in American crude stockpiles, while crude production disruptions in Libya kept lifting sentiment.
Events in Libya pushed the oil price up. So what's the strategy to benefit from it?
The oil prices experienced significant losses amid the US-Iran tensions at the beginning of the year. What's next?
The South African Finance Minister is delivering a budget speech today. There may be a strong impact on ZAR, so what's going to happen?
Canadian monthly GDP will be out at 15:30 MT time on Friday.
Let’s consider the best and the worst-performing assets as Monday’s session kicks in.