The price goes in cycles: growth changes for a decline, and the decline – for growth. Studying market cycles, an investor can start analyzing and forecasting asset prices without charts, just based on certain time-bound laws and patterns.
Oil prices have reached their record of the last 13 months. The main reasons sticking to OPEC+ agreements on production, a decrease in the world storage, the stimulation of the US economy, global vaccination, and, finally, record colds in the USA.
Specially for you, we’ve made the rating of the most dramatic ups and downs of prices in 2020. Find out how shaky were Chesapeake Energy, Biogen, Eastman Kodak shares, as well as WTI prices. Try to guess the key reason for such volatility.
Today, we will discuss the interaction and correlation of oil prices and the CAD.
Will the representatives of the OPEC + countries be able to agree?
Today, we will discuss a simple strategy for trading oil. It is meant for H1 and M30, which allows receiving a quicker result and placing smaller Stop Losses than on D1 or H4.
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 last week of August is not likely to be overwhelmed by significant events, but the exchange and stock market are going to have enough issues to pay attention to. The world is turbulent, contemplating new stages in the trade war between the USA and China, which means we have no time for being bored.
A Week on the Market: Dollar Fears Not, Pound at Its Minimums
Top News of the Week: Federal Reserve and Some Statistics