OPEC+ is holding a video conference this Thursday to strike a global output cut deal - will that happen?
Tag - wti - west texas intermediate
Most of the currency pairs are in a consolidation, oil is waiting for the OPEC+ deal.
Middle of the week, no big news, USD slightly up, GBP prone to weakness as the British PM still in ICU
The virus situation keeps improving slowly but steadily; nevertheless, investors are still concerned with the larger scope of economic consequences: USD slides down, JPY weak, gold rises.
So are Russia and Saudi Arabia going to strike a deal? And where is the US?
The week starts with weaker JPY and GBP, USD stays strong, gold rises to $1,620, and oil hopes for OPEC+ supply cut resolution.
WTI was at $20 per barrel just in the beginning of the day. Currently - above 25$.
USD is almost the only currency showing confidence in Forex on April 2, currencies of developing economies losing ground, WTI oil slightly up from $20
Forex is cautiously optimistic this Tuesday on limited hopes on general economic improvement.
WTI is at 17-year lows. Is it the end?
Another week starts in the Forex market. Where will it lead? Read the article to get the main outlines so far.
Are we going to see even cheaper oil? Possible. Read the article to have an idea.