The new week of July will be full of statistics, news from global Central Banks and, perhaps, fresh OPEC+ information. Miss volatility? It seems to be at the door.
The oil cartel is keeping capital markets positive, while the labor market in the USA demonstrates hidden power. There is little that can spoil the investors' mood except for the overbought state of the market. In the new week, market players may go on buying until they decide that things are getting too expensive.
The last week of May will not be a calm time. There is no exact day of the end of self-isolation in Russia and the quarantine outside it; neither we know what that outer world has become like. This week, there is going to be much statistical data that may attract the attention of capital markets and a lot of geopolitical noise from the US and China, constantly angry with each other.
There are several ways of trading oil; an individual trader may choose from futures, CFDs, and options. Whatever type of contract you choose, you will have to analyze the chart of your asset and only then open a position: a buying one if you expect the oil to grow or a selling one if you think it will decline.
People stay self-isolated all over the world while economies receive more and more support from Central banks and financial authorities. At the same time, the commodity market remains turbulent, and the currency market is getting agitated.
The world remains on quarantine due to the coronavirus pandemics, the oil is getting cheaper, and capital markets get scared of every shadow. The beginning of April will show how ready investors are for a reversal and whether they are ready at all.
Recently, the behavior of the oil market has been provoking as many questions as exclamations – the whole range of human emotions. In March 2020, oil prices experienced perhaps the most stressful time in the last years. The hard times are not over yet. However, now it is high time to find out what is going on.
The beginning of March is quite a lively time for investors - as always, in fact. We are expecting the meeting of OPEC where important decisions are to be made, talks inside Brexit, and lots of statistics. Enjoy.
This long winter, the coronavirus issue has become tiresome indeed, however, investors keep bringing it up, provoking sharp market fluctuations. The new week if February is likely to leave the catalyst in force.
The second week of February will bring in a flow of statistics well known by the investors but the attention may be focused on the speeches of the heads of the US Fed and the European central bank. The emotions of the market players evoked by the coronavirus situation are subsiding giving room to other catalysts.