Market updates on October 18
De-escalation between the US and Turkey and News for the GBP are on the agenda
Oil prices gap down on the negative economic concerns.
The global risk aversion drove the prices for WTI and Brent down.
The price for WTI has fallen below the weekly pivot at $56.23. The next key level lies at $53.47. If bulls take over the market, the price for WTI will rise above the $56.23 level to the next resistance at $60.08.
As for the price for Brent, it jumped below the $66.33 level. The first support for bears is placed at 63.47. On the flipside, if buyers are strong enough to break the $66.33 level, the next resistance will be placed at $69.86.
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The European Brexit Summit will gather the main attention today...
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The GBP is going to be volatile today, while USD/TRY may be looking for a retest of its highs. Read more!
Latest news
Market updates on October 18
De-escalation between the US and Turkey and News for the GBP are on the agenda
Will the situation change for the British pound?
The reports that the UK and the EU reached a deal pushed the GBP up immediately.
Market updates on October 17
The European Brexit Summit will gather the main attention today...
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