
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
Up to now, the USD/CAD trading is unstable. There is no clear move. The pair is above the support at 1.2921. If the news on talks is positive, the pair will break below the support. The next one is at 1.2856. If the news is negative, the pair will go up. The resistance is at 1.2973. Today talks between the US and Canada start in Washington. Follow the news to not miss CAD’s moves.
AUD reacted with a plunge. AUD/USD broke below the pivot point at 0.7314. If the USD is stronger, the pair will fall further. The support is at 0.7272. Otherwise, it will be able to recover and return above the pivot point.
Up to now, Brent has been going down. The support lies at 74.50 (9- and 50-day MAs). In case of a deficit in the data, the price will go up. The resistance is at 77.45.
WTI has been moving down as well. In case of the supportive data (a deficit), the price will turn around and go up. The resistance is at 69.40. If the data shows a surplus, the price will go further down. The support is at 67.65.
That’s all for today! Follow market news with FBS!
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
US stock markets started falling, while the US dollar is rising. What to expect from
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
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