Draghi Dud and the Petrol Pendulum – MM #153


The euro is at record levels and Draghi couldn’t stop it. We then move to the changes in oil markets and the current pendulum swing.

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  1. Draghi’s failed dovishness: The ECB could not convince markets that they are dovish. Isn’t printing 60 billion euros per month dovish enough? We explain what is going on with the euro rise. Is Draghi doing everything it takes? Is the stimulus working?
  2. Petrol pendulum: Oil prices are swinging in range but some things have changed. We tackle expectations for the future (contango and backwardation), the state of supply which is shifting to new areas and projections for demand. What’s next for the black gold? We try to provide some answers.
  3. Preview: The Fed is the main event but they aren’t expected to rock the boat. Is inflation still transitory? Apart from the Fed, we have the first release of US GDP and the same goes for the UK. As always, watch out for US political news, which is moving at an accelerated pace.

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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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