WTI oil: too much for bulls?
Oil plunged several percent on Thursday. They say, the bullish rally was just too aggressive. Let's trade the dip then!
Gold sinks in Asia as stronger greenback weighs
On Monday, gold sank in Asia because the evergreen buck gained and the common currency dipped market participants digested the implications of the shocking referendum on Catalonia independence in Spain on the euro zone as well as a sentiment poll out of Japan in a thin trading day with China's financial markets unavailable for the week.
The number one precious commodity is traditionally priced in US dollars, thus making it less affordable in other currencies when the US currency gains.
Meanwhile, the Bank of Japan issued its Tankan survey for the third quarter with market participants closely watching the large manufacturers index as it added to 22 versus an expected outcome of 18.
This week, Fed Chair Janet Yellen’ comments are going to bring further clues on the timing of the next rate lift along with Friday’s American jobs report.
On Wednesday, traders are going to look ahead to remarks by ECB Governor Mario Draghi.
Similar
Oil surged after OPEC meeting
Great news for oil bulls! OPEC and its allied producers agreed to expand output cuts for the next month.
Bitcoin crosses $50,000!
Another all-time high has juts been reached by the famous crypto asset. What next? $100,000?
Latest news
Stocks that make news this week
Check our story about the stocks that have the potential to go either up or down big time! In this article, we'll tell you about Nvidia, Apple, Philip Morris, and Coinbase.
The pack of PMIs to boost the euro
Once in a month, the euro has a very special day of increased volatility at the start of the European trading session.
USD/TRY: testing all-time highs
The relationship between the US and Turkey is not going well. Neither do things for the Turkish lira.
Deposit with your local payment systems
