Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Tuesday, 22 January 19:15 (GMT -05:00)



Stock and commodities markets

Trump Is Close to His Goal - Oil at $50/b


According to Finanz, President Trump is close to making oil prices drop down to $50/b like never before. Last week was bearish for the global market of crude oil. This happened mainly due to the agreement between the U.S. president and the King of Saudi Arabia.
 
According to international experts, the market of crude oil is currently on the verge of big price moves. In particular, they think there are several factors that can make the oil prices drop all the way down to $50/b. Even though the oil prices are currently recovering a bit and may well continue recovering in the near future, they will eventually go down at some point until November. This prediction has to do with the expectations related to the Cushing oil hub. The thing is that a breakdown in the hub resulted in a massive shrink in the U.S. crude oil inventories (around 70%) all the way down to the lowest capacity since 2014. The capacity is expected to be completely restored closer to November.
 
At the same time, President Trump urged the OPEC to contribute to pushing the oil prices down. The talk between the U.S. President and the King od Saudi Arabia seems to have changed the market bias. Saudi Arabia has been increasing its daily oil production up to the record-high level over the last 4 years along with dropping the export prices for the last 2 months.
 
They say, Saudi Arabia's export capacities make it possible to ship 15 million barrels of crude oil a day. Given the speed at which technology has been developing so far, it would be easy to increase the daily production by 2 million barrels a day, which may drop the prices all the way down to $45/b.
 
At the same time, experts say that Trump is ready to use the USA's strategic oil inventories to achive his goal by exporting even more oil. His administration is already working on it. It's important for him to make the gas in American gas stations cheaper by November when the U.S. Congress preliminary elections are to take place. This is expected to help the Republicans to preserve the majority in the Congress.

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

Trump's Impact On The AUD/USD - Dukascopy TV

Risks to the USD should remain skewed lower due to President Trump's clear focus on currency manipulation and tendency to rattle the markets.

Rachel Bex, Informa Global Markets.

Publication date: 06 February 07:12 AM

Economic Calendar by Dukascopy 06.02.2017

You're watching the Economic Calendar for Monday, the 6th of February. Here's a rundown of the most important news releases.
Australian Retail Sales for December are up first at half past midnight. November data surprised on the upside as sales saw the weakest growth in 4 months.

Publication date: 06 February 06:37 AM

May Has To Choose EU Or Trump - Dukascopy TV

Theresa May will have to choose a relationship with Donald Trump or a Relationship with the EU according to Malta Prime Minister.

Jaco Rouw, NN Investment Partners

Publication date: 03 February 07:09 AM

Economic Calendar by Dukascopy 03.02.2017

Friday brings the latest US Employment Report, so keep watching this Economic Calendar to find out more.
The final reading of Euro Zone January Services PMI is out at 9 AM. The initial estimate suggests the Index remains near its December level as improved French data has offset a weaker reading in Germany.

Publication date: 03 February 04:43 AM

Economic Calendar by Dukascopy 02.02.2017

Thursday is a very important day for all the Pound traders, so keep watching this Economic Calendar to find out more.
Starting things off at 8:15 AM are the Swiss Retail Sales for December. The November data was a pleasant surprise as sales finally returned to growth after 15 months of decline.

Publication date: 02 February 06:35 AM

Is Danger Ahead For Mexican Peso? - Dukascopy TV

Donald Trump has pledged to renegotiate the North American Free Trade Agreement deal with Mexico. Could this impact predictions of a Mexican Peso price correction?

Jonas Rama, Barral M Jorge & Associates

Publication date: 01 February 07:03 AM

Economic Calendar by Dukascopy 01.02.2017

The first day of February brings the latest Fed monetary policy statement, so let's take a closer look.
Starting things off at 7 AM is the UK Nationwide House Price Index for January. December data surprised on the upside as home prices posted their largest increase in 11 months.

Publication date: 01 February 05:04 AM

Economic Calendar by Dukascopy 31.01.2017

There's plenty on the schedule on the last day of January. Let's take a closer look.
German Retail Sales for December are up first at 7 AM. Sales slipped unexpectedly in November, partially reversing a strong 2.5% gain the previous month.

Publication date: 31 January 06:31 AM

AUD/NZD To Continue Downward Slope - Dukascopy TV

The AUD/NZD should be immune from the Brexit and Donald Trump fallout.

James Hyerczyk, FX Empire.

Publication date: 30 January 07:00 AM

Economic Calendar by Dukascopy 30.01.2017

Monday, the 30th of January, brings plenty of news releases, so let's see which ones stand out. This is the Economic Calendar.
Chinese markets will be closed for most of the week as Spring Festival is observed, but the rest of the world remains busy.
Swiss KOF Economic Barometer for January is up first at 8. The Index stood unchanged in December as growth in manufacturing was reversed by a decline in construction.

Publication date: 30 January 06:01 AM