The oil prices have declined this week after the new Omicron strain was identified. What should we expect next from oil?
Buy the rumor, sell the fact in the USD / Trade ideas for October 25
Despite the Fed's comments on tapering, the USD weakened. The oil keeps rallying, and the stock market is stabilizing.
The higher prices seen today are generally related to the pandemic, that’s no doubt. US consumer prices jumped in October at the fastest pace in three decades putting the Biden administration on the defensive and increasing prospects that the Federal Reserve will raise interest rates next year. Jerome Powell says Fed will discuss speeding up bond-buying taper at the December meeting. What does it mean for markets?
It seems like most of the assets have joined Black Friday's sell-off with global indices, risky currencies, and commodities going down.
On December the 3rd Canada reported a 6% unemployment rate, while the expectations were at a 6.6% level. Less than expected unemployment rate is always hawkish news for the national currency.
For a long time, traders considered American Non-farm Payrolls (NFP) the most important release in the market. However, the situation has changed. Now US CPI moves financial markets.
US NFP missed the forecast, but traders await the release of the US inflation figures on Friday…