Oil industry: Donald Trump’s 2 tweets boost the price
WTI oil prices jumped up after Donald Trump’s 2 tweets
Signals from the Federal Reserve
The Federal Reserve has already raised interest rates twice this year. At its August meeting, the US central bank sounded confident enough about the country’s economic outlook and wasn’t very concerned by the threat of trade wars between the Unites States and other key economies. Traders will be able to find out the details of the meeting at 21:00 MT time on August 22. Market players are almost sure now that the Fed will increase its interest rate in September. Many traders also expect a rate hike in December.
• If the information from the central bank confirms the expectations of 2 more rate hikes in 2018, the USD will increase.
• If the central bank doesn’t hint on 2 more rate hikes this year, the USD will decline.
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Latest news
Oil industry: Donald Trump’s 2 tweets boost the price
WTI oil prices jumped up after Donald Trump’s 2 tweets
March NFP: forecasts and opinions
Today the US nonfarm payroll data will be reported that could cause fluctuations of the market.
OIL: it started
WTI was at $20 per barrel just in the beginning of the day. Currently - above 25$.
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