OctaFX | OctaFX Forex Broker
Open trading account

Oil: Prices to recover in the next weeks – ANZ

The effects of coronavirus on oil demand are not considered to have an impact in the long-term, and alongside a tightening in supply should lead to a price recovery in the opinion of strategists at ANZ Research.

Key quotes

“We believe that although the threat of coronavirus on the oil demand looks real and significant, it should be shortlived.” 

“A strong rebound in oil demand is likely in the subsequent quarters.” 

“Elevated geopolitical risk in the Middle East and slowing production growth in the US should tighten the supply. We see prices recovering towards USD65/bbl from the current level.”


Canada: Healthy job market – RBC

Josh Nye, a senior analyst at RBC Economics, reviews the Canadian employment data released today. The data seem not to have affected USD/CAD after the
Read more Previous

USD/CAD rebounds above 1.3300 following sharp drop on jobs data

The USD/CAD pair lost nearly 30 pips in a matter of minutes with the initial reaction to the US and Canada data but didn't have a difficult time erasi
Read more Next
Start livechat