Wednesday, October 12, 2016

Oil and Putin two factors for

Oil and Putin - two factors for the ruble

Beginning of the week was interesting: the People's Bank of China surprised the market by cutting
the rate of reserve requirements. This led to a slight rally the commodity currencies
and helped AUD / USD grow up to 0.7168. Meanwhile, fruitless
G20 meeting a little upset markets. In Europe, attention was drawn to the data on
inflation, which showed a sharp decline, and confirmed the likelihood of
additional stimulus from the ECB at the next meeting. EUR / USD
this news reached month low 1.0859.

the market has grown around the world, and the leaders were European indexes
and shares of the oil sector. Besides, Brent continued movement
up, saying on Monday 36.71. Gold also increased in price, noting
a maximum of $ 1235.77. / oz.

Continued on site GK FOREX CLUB

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