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Oil Price Recovery: Please Remember 2015 (News: 15/03/16)

Today's Press

  • The producer price index for final demand, which measures the prices companies receive for goods and services, decreased 0.2% in February from the prior month, the Labor Department said Tuesday. But underlying figures hint at firming inflation.

  • The Bank of Japan said on Tuesday it would maintain its massive asset buying program at existing levels but offered a bleaker view of the economy, suggesting it may roll out more stimulus as it struggles to reach an elusive inflation target.

  • Even if oil prices should go down right now, based on supply and demand fundamentals, the financial players will not let that happen.

Next Trading Day's Important Events

Forex Quotes:

  • USDJPY: 112.75
  • EURUSD: 1.1115

Indices:

  • S&P 500: 2,019.64
  • NASDAQ : 4,750.28

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