The Head of Investment Research at FX Primus Marshall Gittler explains how the demand and the seasonals affect the price in the oil.
Gittler also explains how the Weekly API & EiA inventory reports work and what are the differences between these two releases.
Watch the full webinar: Introduction to oil: Background to the market and outlook for the price
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Editors’ Picks
EUR/USD capped under 1.13 as Lagarde hints at inaction
EUR/USD is trading below 1.13, steady. ECB President Lagarde hinted she will pause in next week's decision while urging leaders to agree on fiscal stimulus. US coronavirus data and Sino-American relations are eyed.
GBP/USD holds up around 1.2550 ahead of Sunak's speech
GBP/USD is trading around 1.2550, holding onto its gains. UK Chancellor Sunak is set to lay out the fiscal stimulus plan. Brexit remains deadlocked as PM Johnson told German Chancellor Merkel that Britain could leave without a deal.
USD/JPY eases back to 107.50 as S& P 500 futures turn negative
USD/JPY reverses gains to test 107.50 amid souring risk sentiment, with S&P 500 futures back in the red. The coronavirus resurgence and regional lockdowns offset optimism over additional US stimulus talks.
Editors’ Picks
EUR/USD capped under 1.13 as Lagarde hints at inaction
EUR/USD is trading below 1.13, steady. ECB President Lagarde hinted she will pause in next week's decision while urging leaders to agree on fiscal stimulus. US coronavirus data and Sino-American relations are eyed.
GBP/USD holds up around 1.2550 ahead of Sunak's speech
GBP/USD is trading around 1.2550, holding onto its gains. UK Chancellor Sunak is set to lay out the fiscal stimulus plan. Brexit remains deadlocked as PM Johnson told German Chancellor Merkel that Britain could leave without a deal.
USD/JPY eases back to 107.50 as S& P 500 futures turn negative
USD/JPY reverses gains to test 107.50 amid souring risk sentiment, with S&P 500 futures back in the red. The coronavirus resurgence and regional lockdowns offset optimism over additional US stimulus talks.
Altcoin season is on the cards
The key resistance levels broken yesterday would indicate an Altcoin season in play. A technical failure in the charts at this point would damage short and medium-term forecasts. Ripple tries to join the party but falls far short of levels that could change the short-term outlook.
Gold: Bulls await fresh impetus to conquer $1800
The flight to safety theme, in the face of rising coronavirus cases and regional lockdowns globally, drove Gold drove to its highest level since November 2011 just below the $1800 mark. Will it conquer the key level in the day ahead?
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