Forex News Updates,
Dear Viewers,Free Forex Signals views fore this week about Forex market.
In the Friday session U.S crude Oil prices are showing limited
movement all the day. Currently, WTI/USD futures are trading at $51.35. Brent
crude futures are balanced at $54.12, And as the Brent premium stands at $2.77.
Today’s key event is UoM Consumer Sentiment Price Index. The market is
expecting the indicator to maintain to improve in December, with an estimate of
94.3 points. On Saturday, OPEC and non-OPEC nations will meet in Vienna to talk
about extending the OPEC production agreement to other Products and oil
exporters.Thsnks for veiw Free Forex Signals.
All Oil prices have surged since OPEC reached a production cut
agreement at the last week, but members will have to honor their quotas in
order for the deal to calm down oil prices. OPEC members have set record
productions levels in current months, and non-OPEC members for example Russia
have also been producing at very very high levels. This means that yet with the
OPEC agreement, the global glut of oil will continue for some to come. On
Saturday OPEC and non-OPEC countries will meet, but it’s undecided if non-OPEC
nations will agree to a production cut agreement. If an agreement is reached,
So we could see Next week crude prices continue go up higher.Free Forex Signals views about nest week.
Next week The Federal Reserve will take center step as the Fed
meets for its monthly policy meeting on Wednesday. After Donald Trump’s
election as president, This will be the first meeting. More importantly of
course, the markets have priced in a rate hike at 95%, most possible a
quarter-point increase. Last December This would spot the first rate move by
the Fed since, and the U.S dollar could respond with wide gains after a rate
hike. It will be exciting to see what happens early next year, with the Trump
management taking over in Washington. Trump has declared that he plans to
increase government spending and cut taxes, which could go ahead to higher
price rises levels. The Fed has indicated that it plans to move up rates
regularly in 2017, but this could change once the new administration’s economic
policies become clearer. It’s a report for crude oil mevement for this whole
week. Thanks for viewing our Post. Thanks for view Free Forex signals.
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