
Consumer Price Index, Existing Home Sales, US Fed rate decision - all of these things we will discuss in our new review. Don't miss it out!
On Thursday, August 12, during the day members of the Organization of Petroleum Exporting Countries (OPEC) and Joint Ministerial Monitoring Committee (JMMC) will discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce. The representatives from the 13 OPEC members and 11 other oil-rich nations will attend. The meetings are closed to the press, but officials usually talk with reporters throughout the day, and a formal statement covering policy shifts and meeting objectives is released after the meetings have concluded.
Members didn’t make the decision during the last OPEC-JMMC meeting on July 2. The announcement of oil production increase appeared later, on July 18, and led to a 6% Brent price drop.
Price change after OPEC's decision
Instruments to trade: XTI/USD, XBR/USD
Consumer Price Index, Existing Home Sales, US Fed rate decision - all of these things we will discuss in our new review. Don't miss it out!
The RBA and the Bank of Canada will add volatility to the AUD and the CAD, while USD is expected to be boosted by the Non-farm payrolls.
The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.
News is always important part of the market. What do we expect today?
What a day was yesterday! Let’s jump right in!
Credit Suisse's collapse is in focus. What are the consequences of this problem? Let's discuss it here.
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