It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
OIL: it started
Very short: WTI oil trades above $25 just after $20 in the morning!
Why? Two things: China's recovering economy is demanding oil, and Donald Trump is calling on Saudi Arabia and Russia to cut supply by 10mln bpd (no surprise Saudi Arabia calls for an emergency OPEC+ meeting now). Be careful and use the situation!
Will XBRUSD reverse? The price is almost at $90. Inflation in developed economies may start growing again.
The week was overfilled with events, especially from the BRICS summit and Jackson Hole meeting. Altogether, the market gained some fantastic opportunities. Here’s what we have for today’s session:
Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?
XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!
Oil prices are rising while the US government is on the verge of shutting down. How will it affect the market?