Bold in oil and talking up the currency – MM #122


We’re back and diving straight into the ins and outs in oil prices before talking about a central bank that actually talks up the currency (in a way). We finish as usual with a preview of the upcoming busy events.

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  1. Oil: Saudi Arabia made a bold move confronting the shale oil industry. Who won? The answer is a bit complicated and we lay it all out, also looking forward to
  2. Talking up the currency?: The times are a-changin’, with one major central bank actually talking up the currency. We analyze the surprising trouble of the BOE.
  3. Preview: A new month brings 4 rate decisions, a big buildup to the NFP and growing tension towards the US elections.

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About Author

Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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