FXC – Forex Broker



Oil trade slightly higher today

It will takes about:

November 25, 2021

Latest updates:

– US indices finished yesterday’s trading higher. S&P 500 gained 0.23%, Nasdaq moved 0.44% higher and Russell 2000 added 0.15%. Dow Jones lagged and finished 0.03% lower
– FOMC minutes showed concerns over inflation. Some US central bankers opted for a quicker pace of QE taper. Pace of tapering will be adjusted if price growth continues to accelerate
– Stocks in Asia traded mixed today. Nikkei gained 0.7%, S&P/ASX 200 added 0.1%, Kospi moved 0.3% lower and indices from China dropped
– DAX futures point to a higher opening of today’s European cash session
– According to Reuters report, Japanese extra budget spending will be worth 36 trillion yen
– Saudi Arabia, as well as some other oil producers, signalled that OPEC+ may abandon its output increase policy next week in response to coordinated SPR release
– According to China Securities Journal, more fiscal stimulus will be deployed to aid Chinese growth
– Australian CapEx dropped 2.2% QoQ in Q3 2021 (exp. -2.1% QoQ)
– Bank of Korea hiked main rate by 25 basis points, to 1.00% (in-line with expectations)
– Precious metals gained after FOMC minutes failed to deliver hawkish surprise. Gold gains 0.5%, silver adds 0.6%, platinum jumps 1.8% and palladium trades 2.3% higher
– Oil and industrial metals trade slightly higher today
– GBP and AUD are the best performing major currencies while CHF and NZD lag the most
– Palladium rallies over 2% today after FOMC minutes failed to provide more clarity on conditions for quicker taper pace. Price bounced off the mid-term support at $1,835 and is currently testing $1,900 area. Other precious metals also gain today.

For more informations and news join our official social networks! Please click on the icons below to subscribe.

Recommended News

Top movers

Find out witch markets are urrently the top gainers or losers

Markets sentiment

See if traders are currently sellers or buyers o each market

Get latest market news, trading tips an special offers - 100% free!

You can unsubscribe anytime. For more details review our Privacy Policy.