From the Crude Cut to Draghi’s Drag – MM #126

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In this week’s episode, we look back at the OPEC deal that defied skeptics as well as look forward towards the ECB: it’s money time for Draghi.

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  1. OPEC Rundown: We talked about a potential deal, and indeed, OPEC succeeded this time. We dig into the details: who pays the price, what the deal entails, how oil prices are expected to develop in the upcoming months and of course, poke some holes into the deal. Will elevated prices continue? How will the shale industry react? And what’s up with inventories? We uncover every stone.
  2. ECB run-up: It’s time for details after Draghi left us to dry for many months, and as EUR/USD was driven by the dollar for so long. To extend or to taper? That is the question facing the Governing Council, that also releases some new forecasts.
  3. Preview: Apart from Mario Draghi, the fate of Matteo Renzi is also on the line in the Italian referendum. Also look out for action from Canada, Australia and more.

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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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