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.Read More
What do you think Fed would base their arguments for a fed rate hike? DO u now think that external market factors are contained and the climate is different compare to what it was in September? The Fed does have confidence when it comes to the US economic growth, although the situation is remarkably anaemic…Read More
OPEC Oil Production The common theme among traders is that OPEC is responsible for the extra supply which we have in the market. The extra supply is nearly over 3- 4 million b/d- depending on which stats you are looking at. However, before the much anticipated OPEC meeting in Vienna on Friday, the expectations are…Read More
The Big Day has arrived and investors are looking at one element, which is, can the president of the European Central Bank can deliver which he promised. Mario Draghi, the president of the European bank has been priming the market since October that more stimulus is on the way, and today, his reputation is on…Read More
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.Read More
European markets are trading higher as we kick start one of the favourite month of trading for investors. There is always a lot optimism amid traders in December as they look forward to Santa rally. The economic data released overnight in China was not something that you can feel confident about. The Chinese manufacturing and…Read More