No Result
View All Result
Thursday, December 7, 2023
  • Login
FXVNPRo
InstaForex
ADVERTISEMENT
  • Home
    • Advertising Promotion
    • Economic Calendar
    • Contact Us
  • Forex Brokers Review
    • Best Brokers 2023
  • Learn To Trade
    • Forex Trading Strategies
    • Forex Trading Indicators
    • Promotional Content
    • Forex/CFDs/Cryptos News
  • Forex Promotions
    • Best Promotions
    • Forex No Deposit Bonus
    • Forex Demo Contest
    • Forex Cashback Rebate
    • Forex Deposit Bonus
    • Forex Live Contest
    • Affiliate Program
    • Other Promotions
  • Expert Advisors
    • Expert Advisors Price
  • Rebate Service
    • Rebate Services Terms and Conditions
No Result
View All Result
  • Home
    • Advertising Promotion
    • Economic Calendar
    • Contact Us
  • Forex Brokers Review
    • Best Brokers 2023
  • Learn To Trade
    • Forex Trading Strategies
    • Forex Trading Indicators
    • Promotional Content
    • Forex/CFDs/Cryptos News
  • Forex Promotions
    • Best Promotions
    • Forex No Deposit Bonus
    • Forex Demo Contest
    • Forex Cashback Rebate
    • Forex Deposit Bonus
    • Forex Live Contest
    • Affiliate Program
    • Other Promotions
  • Expert Advisors
    • Expert Advisors Price
  • Rebate Service
    • Rebate Services Terms and Conditions
No Result
View All Result
FXVNPRo
No Result
View All Result
Home Forex/CFDs/Cryptos News

Big oil price drop

fxvnpro by fxvnpro
November 21, 2022
in Forex/CFDs/Cryptos News
0
GoldCrudeOil
0
SHARES
68
VIEWS

(Jens Nærvig Pedersen – Danske Bank A/S)

Market movers today

A quiet start to another week where central banks remain in the spotlight. German October Producer Price Index will be released today, and in the evening Fed’s Daly will be on the wires.

Later in the week, we expect Riksbank to hike its policy rate by 75bp, which is largely priced in the markets already. Reserve Bank of New Zealand (RBNZ) is also expected to deliver a 75bp hike, while the central bank of Turkey is expected to continue its unorthodox policies with another 150bp cut.

On the data front, the most important releases will be Euro Area and US Flash PMIs on Wednesday, and while markets’ focus remains on forward-looking data, we will also keep an eye out for FOMC and ECB minutes, due for release on Wednesday and Thursday, respectively. 

The 60-second overview

Oil: Brent dropped sharply on Friday to as low as USD86/bbl. There was no apparent trigger of the selloff, but it could be a signal about concerns over whether China after all will not begin to ease lockdowns due to a recent rise in infections. A further drop in prices could lead OPEC+ to cut production further.

Climate: Climate negotiators managed a deal on Sunday at COP27. Details have yet to be determined of the fund to be created, which will help compensate poor nations for damages caused by climate change.  

US: Atlanta Fed’s Raphael Bostic on Saturday argued for slowing the pace of rate hikes at the December FOMC meeting and thought 75-100bp of additional tightening was warranted. That would take the Fed Funds rate to the 4.5-4.75% range.

Equities: Equities were higher Friday, lifted by defensive value stocks as the inflation relief narrative faded further. Utilities and health care are the two biggest outperformers while energy stocks lower as oil dropped further. VIX stands at 23 reflecting the continued uncertainty in the growth outlook. In the US on Friday, Dow was +0.6%, S&P 500 +0.5%, Nasdaq +0.01%, and Russell 2000 +0.6%. The positive sentiment is not continuing this morning with Asian markets mostly lower. China struggling with increased numbers of Covid infections but also the South Korean export data this morning were yet again dreadful. European and US futures were also lower this morning.

FI: The volatility persists in the market as shown on Friday, where 10Y Bunds initially rose 10bp, but ended the day more or less unchanged at 2%. 10Y Treasuries rose some 5bp during Friday, and the US Treasury curve continued to invert between 2Y and 10Y and is now at -70bp. We are seeing the same pattern in the German yield curve between 2Y and 10Y, which is also inverse as the risk of the recession continues to increase in both the Eurozone and US economies and the lower-than-expected US CPI data.

FX: Last week brought a reversal of the Fed pivot trade with the USD strengthening and not least the Scandies underperforming. EUR/USD is back close to the 1.03 level while EUR/SEK and EUR/NOK are trading close to 11.00 and 10.50, respectively.

Credit: Following a couple of days of widening, sentiment improved again on Friday where iTraxx Xover tightened 14.5bp and Main 3.6bp.

Read China COVID-19 worries resurface

Post Views: 492

Related posts:

MarketNewsReserve Bank of New Zealand Preview: Hitting the repeat button despite hard-landing fears FXStreetUSD overextends – XAUUSD Analysis BitcoinThree reasons why Bitcoin price could witness a big short squeeze FXStreetGBPUSD outlook GoldGold missed the latest rally, but prepares for a notable reversal dogecoinDogecoin launches new update to improve security and efficiency FXStreetSlowing economic growth and possible recession will see Fed cut rates next year MarketNewsMomentum indicators warn of further dollar weakness, but will sellers emerge ahead of the FOMC?
Tags: FOMC and ECB minutesForex/CFDs/Cryptos NewsReserve Bank of New Zealand (RBNZ)
exness
Previous Post

Global Trading Race (31.01.23) | IronFX

Next Post

China COVID-19 worries resurface

fxvnpro

fxvnpro

Next Post
MarketNews

China COVID-19 worries resurface

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

XM
  • Trending
  • Comments
  • Latest
Technical Analysis

Technical Analysis – Price Action Trading (Part 1)

May 22, 2022
Technical Analysis

Technical Analysis – Price Action Trading (Part 3)

May 22, 2022
Technical Analysis

Technical Analysis – Price Action Trading (Part 2)

May 29, 2022
ForexNews

Insiders say LUNA Classic has no future but remain optimistic on Terra’s LUNA 2.0 price

June 7, 2022
MiTRADE

Forex Brokers Types: ECN VS Market Makers VS No Dealing Desk

101
Tiomarkets

MT4 vs MT5: What trading platform to choose?

94
FPMarkets

What is Forex Trading? (Part 2)

68
CMC Markets

What Is Bitcoin?

56
Unlocking the Benefits of MOGAFX Losable Bonus

Unlocking the Benefits of MOGAFX Losable Bonus

October 18, 2023
QtimeFX

Review QtimeFX

October 10, 2023
ProfitiX

Review ProfitiX

October 9, 2023
ProfitLevel

Review ProfitLevel

October 9, 2023

Recent News

Unlocking the Benefits of MOGAFX Losable Bonus

Unlocking the Benefits of MOGAFX Losable Bonus

October 18, 2023
QtimeFX

Review QtimeFX

October 10, 2023
ProfitiX

Review ProfitiX

October 9, 2023
ProfitLevel

Review ProfitLevel

October 9, 2023

Advertisement

fbs



icmarkets

Connect to FXVNPRo

facebook twitter telegram Make It Short

Now online

FXVNPRo

FXVNPRo Information

Address: Ho Chi Minh City, Vietnam, 70000

Contact us:
– Skype: fxvnpro
– Email:

admin@fxvnpro.com

fxvnpro@gmail.com

Payment methods:
– Webmoney
– Perfect Money
– Paypal
– Skrill
– Neteller
– Bank Wire
– Bitcoin

Disclaimer

Any promotions, reviews, and other information in the website are just for the information purpose only.

There is no invitation or encouragement to invest in the Financial Markets such as CFDs, Forex, Binary Options, Indices, Cryptocurrencies and so on. We disclaim liability for any loss resulting from the use of information contained on this website.

The published comments are private opinions or feedback of the users. FXVNPRo is not responsible for any information on the website.

Risk warning

Please be aware of your investment into trading markets which is high risk and not suitable for everyone.

Recent Posts

  • Unlocking the Benefits of MOGAFX Losable Bonus
  • Review QtimeFX
  • Review ProfitiX
  • Review ProfitLevel
  • Headway Broker | Exclusive $111 No Deposit Bonus
  • Unlock Your Trading Potential with XM Group 50% Trading Bonus
  • FBS 100% Bonus | Turbocharge Your Trading Capital
  • Unlock Your Trading Potential with ForexChief $100 No Deposit Bonus
  • AVFX Capital | $100 Free Welcome Bonus
  • How Do I Get My HF Markets $30 No Deposit Bonus
  • Unlock Forex Trading Potential with SuperForex No Deposit Bonus
  • FBS – How to Claim $100 Quick Start Bonus
  • Review PRC Broker
  • Tickmill How to Claim $30 Forex Welcome Bonus
  • Selecting the Best Gold Trading Broker

© 2013 - 2023 FXVNPRo - Forex Rebates Service | Forex Expert Advisors | Forex Brokers Review | Forex Promotions - News.

No Result
View All Result
  • Home
    • Advertising Promotion
    • Brokers Listing
    • Economic Calendar
    • Contact Us
  • Forex Brokers Review
  • Learn To Trade
    • Promotional Content
    • Forex/CFDs/Cryptos News
  • Expert Advisors
    • Expert Advisors Price
  • Forex Promotions
    • Best Promotions
    • Forex Demo Contest
    • Forex No Deposit Bonus
    • Forex Cashback Rebate
    • Affiliate Program
    • Forex Deposit Bonus
    • Forex Live Contest
    • Other Promotions

© 2013 - 2023 FXVNPRo - Forex Rebates Service | Forex Expert Advisors | Forex Brokers Review | Forex Promotions - News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Warning: array_sum() expects parameter 1 to be array, null given in /home/betbonus/fxvnpro.com/wp-content/plugins/jnews-social-share/class.jnews-social-background-process.php on line 111