You didn't post a topic yet. Let us show you how to make your first topic and upload your favorite forex robot. Guide me

Skip to forum content

The latest topics with attached files (Forex robots, Forex Indicators, etc..)

1

Forums in this category with details of Replies, Views, last post

Yellow Free EA

by t76ahmed

 


[ Closed ]

Login with Facebook Username:  Password:  Login  |  Register

Download over 10,000 FREE Forex Robots!

Pages 1

You must login or register to post a reply

RSS topic feed

Posts: 3
Please rate this topic
Current rating: 0
Votes: 0

Embed topic to your site

WTI/USD – Crude Dips, Recovers as Crude Stockpiles Jump

Topic: WTI/USD – Crude Dips, Recovers as Crude Stockpiles Jump

US crude continues to hug the $50 level in the Thursday session. In North American trade, WTI/USD futures are trading at $50.40 per barrel. Brent futures are trading at $52.10, as the Brent premium stands at $1.70. On the release front, unemployment claims had another excellent showing, dropping to 246 thousand.

US crude is showing some volatility on Thursday, following an unexpectedly large surplus in crude stockpiles. Crude Oil Inventories showed a gain of 4.9 million barrels, crushing the estimate of just 0.4 million. The reading was the highest since April, and ended a streak of five straight declines. US crude climbed 4.0% on Monday (above the $51 level), after Russian president Vladimir Putin stated that Russia would join the OPEC agreement to cap production levels. OPEC members surprised the markets in late September when they reached a tentative agreement to put a ceiling on production levels in order to stabilize oil prices. OPEC has called on other exporters to join the agreement, and having the backing of Russia will be an important step towards reaching a final agreement, slated for next month. At the same time, oil producers have not been able to bridge their differences in the past, so there is certainly room for doubt that an agreement will be reached.

On Wednesday, the Federal Reserve released the minutes of its last policy meeting. The minutes contained no dramatic news, but point to deep divisions in the FOMC over monetary policy. This was already apparent in the September rate vote, when three members voted against the decision to maintain rates at 0.25 percent. The minutes indicated that some of the members who voted to hold rates chose to fall in line with Janet Yellen, but are in favor of raising rates “relatively soon”. This means that Yellen will face a tough battle if she wants to hold off a rate in December, given that there is significant support for rate hike in December. The markets have priced in a December hike at 66 percent and the positive sentiment could help the US dollar continue to move higher. The Fed will next meet in November, but analysts don’t expect a move just a week before the presidential election.

Share

Re: WTI/USD – Crude Dips, Recovers as Crude Stockpiles Jump

On Wednesday, the Federal Reserve released the minutes of its last policy meeting. The minutes contained no dramatic news, but point to deep divisions in the FOMC over monetary policy. This was already apparent in the September rate vote, when three members voted against the decision to maintain rates at 0.25 percent.

Share

Re: WTI/USD – Crude Dips, Recovers as Crude Stockpiles Jump

But base from what I have recently in Forex News and Update, US crude lengthened its gain by ending higher at $48.78 and it was strengthened by sluggish dollar.

Share

Posts: 3

Pages 1

You must login or register to post a reply


Download profitable Forex robots with the MT4talk Chrome Extension! Install Now 

NOTE: Cracks or other illegal versions of copyrighted forex robots are highly prohibited on MT4talk.com. If you upload any illegal version of any copyrighted forex robot, your forum account will be banned. No exceptions.

Forum statistics

  • Total number of registered users: 14,647
  • Newest registered user: dogsbody
  • Total number of topics: 10,453
  • Total number of posts: 35,312

Copyright MT4talk.com Forum Rules - Privacy Policy.