Alpari - Analytics


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Daily analytical report (29/09/16)

  • OPEC agrees a deal to cut oil production. Details in November but oil surges.
  • Commerzbank AG is about to fire 20% of its staff.
  • Gold declines, 1310USD/oz on the horizon.
  • Mexican Peso still holds the gains after Trump loss on the debate.
  • USDJPY approaching the closest resistance after the bounce from the lower line of the descending triangle. The upper line of this formation which is connecting recent lower highs.
  • Commodity currencies on the run, especially from the top Oil exporting countries.

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