Firstly, let’s get this out of the way: the Fed is going to raise rates at the conclusion of their two-day meeting tomorrow. 98.3% of experts agree that the FOMC will decide to raise rates by 25bps. The other 1.7% think it will be 50bps. The Ukraine factor Throughout most of last month, there was […]

The post What To Focus on Ahead of Tomorrow’s FOMC Rate Decision appeared first on Orbex Forex Trading Blog.

US major indices close lower. Indices down 4 of 5 days this week (with one big day higher) Gas prices at the US pumps rise to $4.33 Russia and Belarus create their own joint venture WTI crude oil futures settle at $109.33 Key events and releases next week highlighted by the FOM

WTI crude oil The price of WTI crude oil futures settle at $109.33. That's up $3.31 or 3.12% for the day. The high price this week reached $130.50 in the early hours of trading on Monday. The low price reached $103.63 on Wednesday. Last Friday, the price settle at $115.68. So for the we

Oil Crude prices tentatively turned negative after Russian President Putin saw “certain positive shifts” in talks with Ukraine. Oil will remain a volatile trade as the headlines regarding the war in Ukraine and Iran nuclear talks will keep traders on edge.  Optimism for a Russia-Ukraine ceasefire is driving crude prices lower but that might not […]

Oil goes for a wild ride Oil edged lower after a wild session as energy traders became worried that inflationary pressures will only get worse as this war continues and that will lead to crude demand destruction.  After another hot inflation report, many investors on Wall Street are growing concerned that stagflation risks could derail […]

Oil prices rose again amid confusion over whether major producers would help to plug a gap in supplies from Russia. The UAE initially appeared to push members of the OPEC group to raise output, only for the UAE’s energy minister to overturn these hopes recently. Analysts have stated that it would be challenging for Opec+ […]

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EURUSD bounces back The euro rallies on news that the EU may issue a joint bond to fund energy and defense. The pair found bids near May 2020’s lows (1.0810). An oversold RSI on the daily chart prompted sellers to take profit, easing the downward pressure. A rally above the immediate resistance at 1.0940 and […]

The post Intraday Market Analysis – The euro makes a reversal attempt appeared first on Orbex Forex Trading Blog.

Oil  Crude prices are declining after Ukraine President Zelensky signaled he has ‘cooled down’ regarding the question of Ukraine joining NATO and as optimism grows that the economic impact of sanctions is weighing on the Russian economy and that President Putin might try to avoid a long war. Adding to the earlier selling pressure was […]

Oil prices stay firm Oil prices remained firm overnight, finishing around 4.0% higher for the day after President Biden announced a unilateral ban on Russian energy imports. The move was well telegraphed, with oil markets having already moved higher this week in anticipation. What stopped any further squeeze was the entirely sensible decision by Europe […]

Oil powers higher All the headlines suggest oil prices will continue to go higher.  Global energy supplies will continue to get tighter now that both the US and UK will ban Russian oil.  The US took it one step further and also will ban Russian natural gas and other energy sources.  Russia’s economy will take […]

Bitcoin appears to be holding on to a seemingly iron support at $39,000 with the crypto falling just a bit below that but in a way that appears to suggest...

As war rages in Ukraine, oil seems to be doing a bitcoin, racing above $115 for WTI, jumping nearly 7% in one day. These price levels have not been seen...