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French Presidential elections are affecting the positive atmosphere on Euro
Inflation rate is testing record levels in Turkey
Non-farm payrolls data of the USA increased
Fed's politics interest decision gives direction to the global markets
Oil market is trying to find a direction
We've completed a busy week after elections
Overall Market Analysis of April 2017
Forecasts EUR/USD Parity in MAY 2017
Forecasts GBP/USD Parity in MAY 2017
Forecasts USD/JPY Parity in MAY 2017

Oil prices are taking support from the possibility of OPEC agreement

Oil prices are taking support from the possibility of OPEC agreement

Oil prices are giving positive signals because of the possibility of OPEC agreement in near future. Oil market has made a leap with optimism that OPEC will reach an agreement on supply constraints. Metal market showed some positive signals after last week's losses in the first trading day of new week on the global forex market. Before OPEC's meeting in Vienna next week, Iranian Petroleum Minister Bijan Namdar Zanganeh said that the possibility of the OPEC members' agreement is so high. With the forthcoming OPEC meeting and US spending plans by Donald Trump improving the outlook for the construction industry, commodity prices are attracting investors' attention.  The USD depreciated against the Euro for the first time in 10 days. US treasury bonds have gained value and thus the primary rate of interest of this paper has shrunk to European treasuries.

Date: 21 November 2016 Mon 14:50

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