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03 MAY clock 13:31

Mid-Week Technical Outlook: Oil Hammered Ahead Of Fed

Oil markets have been plunged into a bloodbath over the past 24 hours. The global commodity shed almost 3% this morning, extending a 5% drop on Tuesday after disappointing US economic data fuelled fears of a recession.
Brent Oil Crude Gold SMA MACD
oil, brent, crude, wti, OPEC, hand, spill
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31 MAR clock 13:31

Two important events for oil markets today

  Oil markets will be closely monitoring these events on this final day of March:
Oil Brent Crude OPEC+ US President Joe Biden strategic reserves Russia-Ukraine war Ukraine crisis inflation
Key Events This Week: Markets eye multi-decade high US inflation and the Fed’s next move
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07 FEB clock 05:51

Key Events This Week: Markets eye multi-decade high US inflation and the Fed’s next move

With inflation increasing in the US, markets are eyeing multi-decade high levels in the coming months, while awaiting the next move/s from the Federal Reserve.
inflation CPI central bank Fed rate hike FOMC Federal Reserve ECB European Central Bank hawkish surprise US Dollar DXY Dollar index Brent Oil Crude