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Business / Finance

Oil started to recover after falling more than 2%

Forex Club 06.05.2019 at 14:09

World oil prices on Monday after a sharp decline of more than 2% on the trading statements of the President of the United States Donald trump began to gradually restore the position. If Monday morning a barrel of Brent crude was priced at 68 dollars, which is the lowest value since the beginning of April, afterwards already again more than 70 dollars.

trump on Friday said that he intends to increase duties on some Chinese goods from 10 to 25%. Prior to that, market participants are expected to soon sign the final trade agreement between the US and China, but after such statements of the American President begun to doubt the positive outcome of the case. According to investors, the new fees will adversely affect the world economy and the oil market in particular.

On the world currency market investors after the statements of trump prefer to invest in safer assets, with the Euro dropping against the dollar, trading at around 1,184 euros to the dollar.

the Weakening of the Euro/dollar, however, provides a good opportunity to earn on the dynamics of quotations, as did trader Forex Club received for day trade currency pair is almost 30 thousand dollars.

to Somewhat mitigate the weakening of the Euro against the dollar allows statistics on the Eurozone economy. According to the research organization Markit Economics, the composite index of business activity in industry and services (PMI) of 19 countries of the Eurozone in April fell to 51.5 points, while the market had expected the index at 51.3 points.

Market, USA, dollar, oil, ruble, Forex club

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