News | Forex Optimum



Oil: Storm clouds loom on the horizon – TDS

FXStreet reports that in the opinion of strategists at TD Securities, crude markets appear to be stabilizing in the low-mid $20/bbl range, but further storm clouds loom on the horizon.

“While the potential for a New Global OPEC+ would be very constructive long term, the demand-side impact of Covid would nonetheless vastly outweigh a potential curtailment agreement in the short term.”

“Gasoline crack spreads have fallen into negative territory, prompting many refineries to cut refining run rates, which could quickly see inventory levels of crude begin to surge, bringing another wave of selling into this fragile market.”

You may also be interested:

10:40 04.12.2020
EUR/USD: Trending higher towards equilibrium - ANZ
eFXdata reports that ANZ Research discusses EUR/USD outlook."We revised up our EUR/USD forecasts. COVID-19 vaccines will support a quicker return to pre-crisis GDP levels, despite the downside risks to growth over the winter. Our base-case expectation is that positive cyclicality from Q2 will favour the euro. Global GDP growth and trade volumes are recovering; and fiscal and monetary stimulus, supported improving health expectations, could drive above-trend growth into 2022,"ANZ notes. "A
10:30 04.12.2020
Options levels on friday, December 4, 2020
EUR/USDResistance levels (open interest**, contracts)$1.2301 (368)$1.2252 (586)$1.2205 (642)Price at time of writing this review: $1.2154Support levels (open interest**, contracts):$1.2127 (273)$1.2094 (164)$1.2048 (223)Comments:- Overall open interest on the CALL options and PUT options with the expiration date December, 4 is 106717 contracts (according to data from December, 3) with the maximum number of contracts with strike price $1,1200 (6560);GBP/USDResistance levels (open interest**,
10:20 04.12.2020
Germany's factory orders rose more than expected in October
According to provisional results of the Federal Statistical Office (Destatis), real (price adjusted) new orders increased by a seasonally and calendar adjusted 2.9% in October 2020 compared with September 2020. Economists had expected a 1.5% increase.Compared with October 2019, the increase in calendar adjusted new orders amounted to +1.8%. Excluding major orders, real new orders in manufacturing (seasonally and calendar adjusted) were 1.7% higher than in the previous month.Compared with
Bonuses VIP