Currency market update on March 9
What is the current Forex market disposition? Read the article and decide where to bet.
Forex News
Key information updates for profitable trading
OIL: the biggest drop since Gulf War
OPEC+ meeting on March 5 obviously failed. What happened?
How does the American CPI reflect the virus impact?
On Wednesday, the US monthly inflation will be announced at 14:30 MT time.
Does the AUD stand a chance?
The Australian NAB Business Confidence indicator will be announced at 02:30 MT time on Tuesday.
Important events for March 9-13
Follow the fresh releases for this week with us
Oil is the cheapest since 2018
During today’s meeting of oil-producing countries, Russia rejected the proposal of OPEC members to cut oil output.
USD/BRL jumped to record highs
USD/BRL rose to the record high above 4.63 on Thursday, March 5. So far, the Brazilian real has been the worst performing currency this year.
The BOC cuts rate, leaves no hope for positive outlook
The Bank of Canada cuts its interest rate bigger than it was expected. Should we wait for more CAD weakness?
It’s NFP time again
The United States will publish the non-farm employment change, also known as non-farm employment change or NFP at 15:30 MT time on March 6.
Federal Reserve has cut rates. What does it mean?
The Federal Reserve cut federal funds rate by 50 basis points to a target range of 1.00% to 1.25%.
OIL: between Russia and Saudi Arabia
OPEC will hold its extraordinary meeting on Thursday. Will that help to push the oil price up?
The BOC may highlight risks for the CAD
The BOC rate statement will be published at 17:00 MT time on March 4.
