Mazrouei continued: Are we going to have a second wave or not? I hope not. I hope we’re not going to limit travel and we will go back to at least a consumption level that is reasonable. Now we are back to the consumption level of 2013, believe it or not. Mazrouei did not define…
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Key data points Tuesday 14 April (all day): G7’s video meeting Wednesday 15 April, 12.30 GMT: American monthly retail sales (March) - consensus -7%, previous -0.5% Thursday 16 April, 12.30 GMT: American initial jobless claims (11 Apr) - consensus 4.7 million, previous 6.6 million Brent, four-hour There hasn’t been any ongoing direction for crude oil…
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OIL Despite the world’s oil producers agreeing to a massive cut of 9.7 million barrels per day, the oil price was unable to hold onto its initial gains as investors are still expecting there to be a global oversupply for the next few months. After a positive gap when markets opened, WTI has fallen again…
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Looking back at the most intriguing and popular Forex industry news from the past week at LeapRate. This Wednesday, the Bank of England cut interest rates by 50 basis points to 0.25% in a near unprecedented step, taking them back to a record low level not seen since the financial crisis. Reacting to the expected fallout…
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The following market analysis was written by Alejandro Zambrano, Chief Market Strategist, ATFX. Crude oil prices (Brent) just experienced an epic slide as Saudi Arabia started a new price war with a big bang, making today’s crude oil price decline the sharpest one since the Gulf War in the early 1990s. The demand for crude oil has…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for July 1, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, Financial markets are in a good mood today after the leaders of China and the United States…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for January 2, 2019. Highlights include: Markets Start 2019 on Sour Note: Stocks in Asia and Europe are taking a hit on poor manufacturing data in China. Seasonal low trading volumes and the continued US government…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for December 10, 2018. Highlights include: Weak Jobs Numbers Leads Gloomy News Cycle: Weaker jobs, weaker stance taken by Fed and the latest disagreement between Xi and Trump are all affecting the market. The focus is…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for December 6, 2018. Highlights include: Locating BTC’s Support: Bloomberg analysts project bitcoin heading for $1,500. While it’s possible to get that low, BTC has key support levels at $3,000 and $1,800 it would have to…
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The following article was written by Ipek Ozkardeskaya, Senior Market Analyst at FCA regulated broker London Capital Group Holdings plc (LON:LCG). Oil prices advanced to the highest levels since mid-2015. The supply tightening from OPEC (Organization of the Petroleum Exporting Countries) and a few non-OPEC producers and an improved demand outlook pushed the price of…
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