
Russian-Ukrainian conflict is influencing every economic aspect…
Key events ahead:
Speech by the FOMC member Evans – 15:00 MT (12:00 GMT);
Speech by the FOMC member George – 17:00 MT (14:00 GMT);
Crude oil inventories – 17:30 MT (14:30 GMT);
US President Donald Trump meets Japan’s Prime Minister – 19:10 MT (16:10 GMT)
US President Donald Trump holds a press conference – 23:00 MT (20:00 GMT)
The price for WTI has been testing the support at $56.45. If bears manage to break this level, they will move the crude's price lower to the level at $55.9. The breakout of this level will may the price for WTI vulnerable to the fall towards the $55.5 level. If the oil prices are supported today by the lower-than-expected release, the price for WTI will rise to the $57.25 level (100-period SMA). Further resistance levels will be placed at $57.7 and $58.15.
Russian-Ukrainian conflict is influencing every economic aspect…
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The volatility that the markets experienced last week promises the second tidal wave! What should your favorite assets anticipate during the first week of February?
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
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