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Published on Sep 29, 2016
Yesterday’s
market was dominated by the announcement of an OPEC deal to cut output,
which sent the price of Crude Oil soaring by more than $3 per barrel.
The EUR / USD currency pair has risen back up into its area of long-term equilibrium to reach above the 1.1200 level.
The
USD / JPY currency pair broke very bullishly out of its recent
consolidation during the Asian session, and looks to be settling above
the former resistance zone at 101.50.
The GBP / USD currency pair
has found support below 1.3000 and seems to be poised for a short-term
move up to the area around 1.3090.
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