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Mid-Week Snap shot of the Major Markets with FOMC, Crude Oil Inventories & US Unemploymeny claims all in Focus Today - My Trading Buddy Markets Analysis

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Yesterday, the oil added 8.6% after the OPEC decision to cut production to 32.5 million barrels per day for a period of 6 months. Also, in the US crude oil inventories fell by 0.884 million barrels against the forecast of an increase by 0.636 million barrels.

from XYZoil - No "Fracking Orgy" Consortium

Oil Falls on Estimate U.S. Inventories Rose to Three-Decade High

The oil price collapse has taught us a lesson about the dangers of overestimating the influence of political machinations on markets. The assumption that politics, whether Saudi manipulation or collusion in the Opec oil producers’ cartel, would keep

#Forex US Dollar plunged to 16-month low but risk aversion can boost the greenback New York City, USA – The US Dollar plunged to 16-month low, a move which is against the latest tightening measurements coming from the #ECB and BOJ. The Dollar index has reached levels not seen since January 2015 after breaking below the 92.00 level, but managed to recover some of the losses p...

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#Forex Euro melting down on mixed data, Canadian figures follows London, UK - Euro melting down on mixed data, Canadian figures follows later today and could bring action on the #USDCAD pair, the Loonie is depreciating on the short term and could drop even deeper if the data will come worse than is expected. The Euro continues to decline on the short term, the...

Crude Oil Platform Workers prepare a drilling pipe on the Petroleos Mexicanos La Muralla IV deep sea crude oil platform in the waters off Veracruz, Mexico. The U.S. Energy Information Administration said crude inventories rose by 4 million barrels in the week to Oct. 11. Photographer: Susana Gonzalez/Bloomberg

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MORE stakeholders in Nigeria’s maritime sector have continued to lament the negative impact of the drop in price of crude oil in the international market.