Overview of the main drivers: Stock indices and oil

The main European stock indices are moving in the green zone, recovering lost positions since the opening of trading and at the moment, on average, add + 0.30% to the quotations, which puts some pressure on European currencies and restrains further growth against the US dollar. See Quotations.

Oil prices remain mixed. The price of WTI in the course of trading declined by -0.90%, the price of Brent increased by + 0.09%. This dynamics of oil prices does not have a negative impact on the commodity currencies against the US dollar, amid the general weakness of the American, and also in connection with the expectation of a positive outcome of the OPEC summit on November 30 regarding the extension of the OPEC + pact until the end of 2018.

See, also Technical Analysis of Oil.

Alexander Sivtsov