For Traders

Analytical Reviews

27.08.201510:42 Forex Analysis & Reviews: Global macro overview for 27/08/2015

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Global macro overview for 27/08/2015:

The fall in crude oil inventories, which was unveiled yesterday (-5452K vs. 2000K, 2620K prior), enabled crude prices to make a long-awaited corrective bounce. Nevertheless, crude oil has lost a third of its value since June mainly due to growing global concerns, increasing US production and manufacturing, oversupplied markets with record single-day output in the Middle Ease countries, and falling global demand. After the Chinese rate cut and added government stimulus, the oversupplied crude market is trying to correct its recent losses.

From the technical analysis point of view the next resistance comes at the level of 42.00, just below the 21-day moving average.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.