Forex Signals Crude Oil Sell off OPEC Reports by FxPremiere Group Live FX Signals sent via SMS and Email
Forex Signals Crude Oil Sell off OPEC Reports
Global Forex Signals Crude Oil Sell off OPEC Reports seen by FxPremiere Group Analysts.
Talking Points by FxPremiere Group:
- Crude oil prices digested after last week’s decline in news.
- OPEC monthly report, API inventory data may sell off.
- Gold prices unlikely to extend losses as FOMC looms ahead
Crude oil prices are taking a rest from last week’s selloff prices seen. The short-lived fresh batch of supply indicators cross the wires. The OPEC monthly report will show production FX estimates for Feb 2017 and help gauge if its coordinated supply cuts. Forex Signals by FxPremiere Group sending Service online.
Gold prices are digesting losses after dropping to the lowest levels in six weeks vs the backdrop of Federal Reserve interest rate speculation. A recovering US Dollar is making for a degree of selling pressure.
GOLD TECHNICAL ANALYSIS – Gold prices fell as expected from FXPremiere Group News after producing a bearish Dark Cloud Cover candlestick pattern.
Live Forex News
CRUDE OIL TECHNICAL ANALYSIS – Crude oil prices are digesting losses after dropping to the lowest level in nearly four months. From here, a daily close below the 50% Fibonacci re-tracement at 47.20 exposes the 61.8% level at 45.36. Alternatively, a reversal above the 38.7% Fib at 50.11 targets the 23.2% re-tracement at 51.50.
Forex Signals noticing great changes in the world currencies daily.
Breaks from EUR/USD alongside USD/JPY face many issues in liquidity, GBP/USD and USD/CAD too.
Bank of England also Bank of Mexico with Swiss National Bank reiterate the two financials risk taking situations.