Fundamental Analysis

Commodity sell off weigh | Russia comfortable at $40 Oil | Chinese data produced mixed signal

European markets are under the influence of commodity sell off and is keeping a strong lid on the energy sector. There is no one else to blame for this except OPEC, which for another year decided not to cut the production. Both Crude and Brent have been under pressure since then and for crude the support of $35 is very much under focus. If we break this support , the sell off can become a lot more worse and the reality of 20 handle could become true.

ECB May Not Ring Jingle Bells that Loud Enough

If you are thinking that if there is any element which one can say is mutual between the European Central bank and the US Federal Reserve bank is this that they are meeting for the last final time during this month. Apart from this, the divergence is the main denominator, which is pulling their currencies in a complete opposite direction.

The expectations are sky high when it comes to the European Central Bank since the president of the ECB, Mr Draghi, hinted that more stimulus could be announced on coming Thursday.