No new OPEC+ deal has been reached so far. The lack of agreement on oil production cut will lead to a further decrease in oil prices. The oil consumption has decreased, pushing down the prices.
The overall trend is downward. A bearish divergence has formed on Awesome Oscillator, and …
OPEC+ is to hold a video conference on Thursday on the proposed oil output cut. The meeting is expected to bring positive results and cause a further local growth in oil prices. This will support commodity currencies, including the Canadian dollar. CAD may continue to get stronger in the …
The US dollar fluctuated in a narrow range tilted to the upside during the Asian session, to witness its bounce for the fourth session in six sessions from the lowest since March 18 against the Japanese yen after the developments and economic data that it had reported on the Japanese …
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