Markets is still digesting the surprising news of yesterday, when US crude oil inventories has fallen by around 1,700 million barrels, pulling up price of the black gold. WTI is consolidating above $55 and is trying to recover strength after the decline seen in the last few weeks following fears for an economic slowdown. Markets are now waiting for ECB decisions today and, later this month, for Fed’s, which huge expectation for another 0.25% rate cut.
Chief analyst at ActivTrades and technical analyst for Italian newspaper 'La Stampa'. Carlo Alberto provides regular commentary for UK outlets including the BBC, Telegraph, the Independent Bloomberg & Reuters. He is also a weekly commentator for CNBC Italy and a columnist for La Stampa. He worked for Bloomberg as their Equity Research Fundamental Analyst before joining brokerage ActivTrades in 2011 to specialize in currency markets and commodities. In 2014 he published a 250-pages book on gold and the gold market, followed in 2018 by a new updated edition.
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© 2019 High Leverage FX - All Rights Reserved.