Fundamental analysis of WTI/
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05.10.2020 08:16 Recovery period ended and the CFTC report showed growing demand for the dollar. Overview of EUR, USD, GBP
29.09.2020 08:27 US election fever: battling for the future of the dollar. Overview of USD, CAD, JPY
22.09.2020 13:08 Oil market slides amid surge of COVID cases in Europe, increases 10% after Saudi Arabia's announcement
21.09.2020 13:26 In the European session, panic sales intensify and demand for protective assets heightens. Overview of USD, AUD, and NZD
Oil keeps rallying for the fourth day in a row after Goldman Sachs claimed that the oil market is in deficit and also because of the recent storm in the Gulf of Mexico, which led to the sharp decline of oil production. It is the best week for oil since June! Analysts from Goldman Sachs anticipate th...
Main / For Traders / Forex Analysis / Fundamental analysis 09.09.202008:29 Saudi lowers oil prices in the market Relevance up to 08:00 2020-09-10 UTC+2 Oil drops in price as Saudi Arabia, the world's main oil supplier, lowered its cost in an effort to prop up market demand."Supply is...
Main / For Traders / Forex Analysis / Fundamental analysis 08.09.202014:36 Brent oil faces headwinds Long-term review Similar to the rally in US stock market indices, the rapid rise in oil prices from April lows, which continued through the end of summer, looked quite exaggerated. T...
Oil prices are steadily growing as crude stockpiles have been declining for six weeks. According to the report of the American Petroleum Institute, crude inventories declined by 6.36 million barrels last week, marking the reduction of oil supply. At the same time, manufacturing reports from China an...
Main / For Traders / Forex Analysis / Fundamental analysis 01.09.202013:09 Oil caught in the trap of the futures market Long-term review Oil continues to stand still - one of the strongest hurricanes in the last century on the Gulf Coast is not able to raise Brent prices above $ 46 p...
Main / For Traders / Forex Analysis 26.08.202014:32 USD/CAD. Hurricane "Laura", API Report and Jerome Powell's speech Relevance up to 14:00 2020-08-27 UTC+2 The USD/CAD currency pair has strengthened by almost 600 points over the past month, but its downward dynamics was inconsistent ...
USD/CAD reached levels unseen since the beginning of the year. ING considers the pair may fall further, but Bank of America warned that it may hit its bottom and reverse in the long run. Fundamentals As you may know, the Canadian dollar is positively correlated with oil prices. When the oil market i...
Main / For Traders / Forex Analysis 26.08.202009:25 Dollar continues to decline before Powell's speech in Jackson Hole Relevance up to 06:00 2020-08-28 UTC+2 On Tuesday, the market focused their attention to the continuation of trade negotiations between the United States and China. It...
18.08.2020 08:26 Why will oil prices never rise again? (we sell WTI oil on growth as well as the USD/CAD pair)
Long-term review The deterioration of the epidemiological situation in the world and in the United States, the increase in the number of COVID-19 infected in certain parts of the Old World, and the return to the market of American oil producers, satisfied with WTI at $ 40 per barrel, could launch ....
According to analysts from Citigroup, crude oil prices will never reach $100 a barrel again. They claimed that the idea to reach such a high level “has far more fantasy than reality at its heart”. It’s a really severe statement. What are the reasons? Weak oil demand The crude oil demand lowered by t...
Long-term review Consolidation in the oil market could not continue indefinitely, and as soon as fresh drivers appeared, Brent exited the $ 40-44 per barrel trading corridor. Until then, the market had been weighing whether a reduction in OPEC+ production commitments and an increase in the number ....
Long-term review Hi dear colleagues! The market has recovered after a shock slump in oil prices in early March. Afterwards, OPEC and its allies agreed on some oil output cuts that somehow revived oil prices. Investors and speculators also added to a notable advance of crude oil. Nevertheless, in ....
Long-term review It is difficult to overestimate the role of OPEC+ in saving the oil market. Thanks to a large-scale reduction in production by 9.7 million b/d, 23 countries, including Saudi Arabia and Russia, managed to double the price of black gold in April-July. It's time to collect the stones....
Long-term review The fate of the black gold market does not depend on Saudi Arabia, which, under the influence of rising global demand, raises its oil prices; and not from Russia, whose Urals grade is trading at a premium of $ 2.4 per barrel to Brent, although in April it was a discount of $ 4.5; ....