You are here: Home > articles > Commodities > EU Bullet Report | Crude oil and Dow Jones hit 2016 highs
EU Bullet Report | Crude oil and Dow Jones hit 2016 highs
April 14, 2016 6:34 amVideo
Latest News
- Technical Analysis of Intraday Price Movement of Litecoin Cryptocurrency, Friday April 19 2024. April 19, 2024
- Technical Analysis of Intraday Price Movement of Polkadot Cryptocurrency, Friday April 19 2024. April 19, 2024
- Michelle Bowman reiterated Jerome Powell’s opinion April 19, 2024
- The ECB has finally made up its mind April 19, 2024
- The dollar is in control April 19, 2024
- Analysis of the GBP/USD pair on April 18, 2024 April 18, 2024
- Analysis for EUR/USD pair on April 18th. Dull ending to a dull week April 18, 2024
- USD/JPY: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- EUR/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: trading plan for the US session on April 18th (analysis of morning deals) April 18, 2024
- Trading Signals for EUR/USD for April 18-20, 2024: buy above 1.0641 (21 SMA – 2/8 Murray) April 18, 2024
- Bitcoin slides ahead of halving event – Crypto News April 18, 2024
- Trading Signals for BITCOIN (BTC/USD) for April 18-20, 2024: buy above $62,500 or $63,037 (4/8 Murray – rebound) April 18, 2024
- GBP/USD. April 18th. Andrew Bailey did not clarify the situation on QE April 18, 2024
- Trading Signals for GOLD (XAU/USD) for April 18-20, 2024: buy above $2,375 (6/8 Murray – 21 SMA) April 18, 2024
- Technical Analysis – Netflix stock moves within narrow range ahead of earnings April 18, 2024
- Technical Analysis – GBPUSD tries to recoup some losses April 18, 2024
- USD/JPY in crisis April 18, 2024
- EUR/USD: trading plan for US session on April 18. EUR gets stuck at 1.0686 April 18, 2024
• Today’s focus will be on the Bank of England meeting where they are expected to hold rates at current levels, and the final inflation data for EU. In the US, CPI will be released and a few FED speeches will also take place.
• Stocks: There is a continuation in the positive sentiment in stock markets, as indices are boosted from better than expected China trade data but also some banks in US beating expectations in their earnings reports. Positive sentiment was also boosted form the fact that Singapore unexpectedly eased their monetary policy overnight (Something that is always welcomed by stock markets) and the weaker JPY which led Nikkei to another solid day with 3.2% gains. Elsewhere, Australia’s S&P/ASX200 rose 1.1%, Korea’s Kospi 1.55% and Hong Kong’s Hang Seng Index rose 0.77%. In the US Dow Jones rose 1.06% hitting its highest level since November.
• Currencies: Although not the most popular pair among our traders, USDJPY is responsible for most market movement these days so we have to give it some respect. USDJPY was last trading 109.37 after touching as low as 107 this week. A strong Yen pressures profits of Japanese companies by making their exports more expensive. EURUSD fell to 1.1254, its lowest since March 29, before slightly bouncing up. GBPUSD is also under renewed pressure after it failed at 1.4350 resistance. The pair is currently trading at fresh lows just above 1.4120.
• Oil and GOLD: Crude oil prices had an impressive 8 day run, however prices retreated from their highs at $42.38 and headed lower suppressed by worries of an expanding supply glut after OPEC warned that demand growth could slow. Yesterday, OIL surged to the highest levels in 2016 following the news that Russia and Saudi will agree on an output freeze. GOLD also retreated after a 4 day rally, as investors turned into stock markets after better economic news out of China.
The post EU Bullet Report | Crude oil and Dow Jones hit 2016 highs appeared first on Forex.Info.
Related Posts: