It’s a big day for oil as OPEC+ prepares for its Joint Ministerial Monitoring Committee (JMMC) meeting.
As OPEC heads into its final meetings for 2020, is there a reason for concern in oil markets?
A sharp rise in global oil prices before the March OPEC meeting means the calculus for the alliance has become more complicated
API draw and a bullish tone from OPEC+ sees oil prices surge; USTECH recovery is making progress; The rally in cryptocurrencies has stalled
With markets relatively quiet ahead of the FOMC meeting, eyes turn towards exotics; Global equity markets continue consolidating; Oil prices extend gains
Today’s key charts focus on oil, where the recent rally has stalled amidst talk of a lift in sanctions and speculation of a production boost.
The focus for traders is on wild price swings in the oil market and the dollar rebound, while equity markets continue their consolidation
Investors are still digesting the latest statements from the US central bank, which surprised markets with a far more hawkish stance than expected
Focus of the new trading week will likely remain fixed on the aftermath of the hawkish Federal Reserve surprise – so buckle up for more volatility
Investors turned risk averse amid turbulences in the bond market, while currency traders also showed little appetite for risk