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OPEC+ June Meeting: Level of Compliance, Demand Recovery Hint about Dovish Decision
OPEC+ June Meeting: Level of Compliance, Demand Recovery Hint about Dovish Decision

Oil prices advanced by more than 2% on Tuesday on expectations that the June OPEC + talks would have a positive outcome for the market. The initial date for the meeting is June 9-10, but...

Oil is Coming Back to Life
Oil is Coming Back to Life

Good day!The currency pair EUR/USD approached the resistance zone formed between the levels 1.1100 and 1.1147. The asset might potentially drop away from this very important zone:The British pound...

Key Economic Events and Reports of the Coming Week
Key Economic Events and Reports of the Coming Week

Monday, June 1, 2020 - Caixin Manufacturing PMI (May)(CNY), German Manufacturing PMI (May)(EUR), Manufacturing PMI (May)(GBP), ISM Manufacturing PMI (May)(USD).Tuesday, June 2, 2020 - RBA Interest...

Eurozone Risks Spiralling into Deflation in the Coming Months
Eurozone Risks Spiralling into Deflation in the Coming Months

Eurozone inflation continued to decline due to falling oil prices, but the underlying price pressure remained stable, which is an encouraging sign for ECB which tries to keep prices and inflation...

“Absurd” Employment Situation in the US and Possible Consumption Shock in August
“Absurd” Employment Situation in the US and Possible Consumption Shock in August

The rally in equities was brought to a halt with mild retracement in the US stocks observed on Thursday. Asian and Europe equities followed suit today, erasing from 0.1 to 1.5%. The driver...

AUDCAD: Can’t Divide the key Level
AUDCAD: Can’t Divide the key Level

The trade war draws in new parties while the trend toward manufacturing independence gradually gains traction. This time, Australian exports of coal to China have caught market attention. Soured...

Gold Price Drops: What’s Next?
Gold Price Drops: What’s Next?

Good day!The Gold price went down and approached the broken side of symmetrical triangle and psychological level of 1700.00. The asset might pull from the horizontal line and jump, targeting the level...

BoJ Yield Curve Control and new Supply of Government Debt. What to Expect from the Yen?
BoJ Yield Curve Control and new Supply of Government Debt. What to Expect from the Yen?

After DXY support at 99 points were damaged on Tuesday due to powerful risk-on move, the currency continues to cede ground on Wednesday. Asian equities posted mixed performance; European stock indices...

COT Data: Buying Pressure Decreases in Crude Oil, More Sellers Resign
COT Data: Buying Pressure Decreases in Crude Oil, More Sellers Resign

Market players are now sitting tight in crude oil as the price continues to float in the narrow range with key support to sentiments offered by voluntary/involuntary supply cuts. Upturn in commodity...