Wednesday, August 24, 2016

Crude jerked higher on news of Iran potentially supporting an effort by OPEC and Russia to stop product





FX Research
by Saktiandi Supaat


USD To Remain Supported





Crude jerked higher on news of Iran potentially supporting an effort by OPEC and Russia to stop production. However, upmove did not sustain as both WTI and brent tapered off their highs on profit-taking. Equities also rose overnight but stock indices closed with only modest gains. There was an underlying sense of caution ahead of Fed Yellen’s speech in the absence of stronger data cues. USDAXJs seem to be making their way higher as we write ...



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