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Tag: OPEC

Fed Minutes to Drive Market as Trade Concerns Recede

The US dollar is mixed ahead of the release of the minutes from May’s Federal Open Market Committee (FOMC) meeting. The central bank held rates unchanged but there is almost 100 probability of a 25 basis points rate hike at end of the June 13 meeting. Commodity currencies were higher at the beginning the North […]

The trend is your friend.

The trend is your friend. Currency Markets There was an intense focus on Italy Wednesday thanks to speculation that its new coalition government would request that the ECB write-off the bank’s QE-acquired debt of EUR250bn. Panic ensued with the EURUSD plunging to 1.1760 before recovering after the report was denied. But the Italian political noise […]

Oil Highest Since 2014 as US Exits Iran Deal

Oil Gains Drive US Futures Higher It’s been a relatively positive start to trading in Europe on Wednesday, with much of the attention falling on US President Donald Trump’s decision to withdraw from the Iran nuclear deal. Oil is back trading at three and a half year highs this morning after Trump confirmed that the […]

OANDA Market Insights Podcast

OANDA Senior Market Analyst Craig Erlam and Jazz FM Business Breakfast presenter Jonny Hart look back at the week’s business and market news. This week Carney cagey on rate rise, markets avert Syria jitters and Trump warns OPEC. USD/CAD – Canadian Dollar Drifting Ahead of CPI, Retail Sales GBP Slides as Carney Backtracks on May […]

Trump Goes After OPEC

U.S. President Donald Trump slammed OPEC for inflating oil prices after the cartel showed a willingness to further tighten crude markets.“Looks like OPEC is at it again,” Trump said on Twitter, not long after energy ministers finished their meeting in Jeddah, Saudi Arabia. “Oil prices are artificially Very High! No good and will not be […]