Do the terms Contango and Backwardation sound Greek to you? Well, they do have an impact on oil prices and we’re here to explain. We then wrap up the Scottish referendum with its future implications and prepare for the important US events this week and next.
Welcome to a new episode of Market Movers, presented by Lior Cohen of Trading NRG and Yohay Elam of Forex Crunch.You are welcome to listen, subscribe and provide feedback.
The topics:
- Contango and Backwardation: Price action in oil prices can be complicated with futures, and we take the opportunity to explain the meaning, movements in markets, etc.
- Scottish referendum: The high volatility around the event was certainly impressive, and while the Scottish topics are now not moving the markets, they could still return. We talk about the next volatile moves for the pound.
- US events: a lot of the Fed’s next moves depend on the upcoming events: housing, GDP and of course the Non-Farm Payrolls. We take a look on what to look out for
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