We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bullish
GBP/USD
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Mixed
Gold
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Bitcoin
Mixed
More View more
Real Time News
  • $USDJPY Daily Pivot Points: S3: 108.36 S2: 109.34 S1: 109.77 R1: 110.76 R2: 111.31 R3: 112.29 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • Japan ruling parties to consider budget increase over virus - Nikkei $USDJPY
  • $AUDUSD suffered a critical break beneath support at 0.6678 last week as risk aversion spiked on #coronavirus fears. Get your #AUDUSD market update from @PeterHanksFX here:https://t.co/zWvJh9VhKq https://t.co/xzCcZ5GXuJ
  • RT @spectatorindex: JUST IN: Kuwait sends plane to evacuate its nationals from Milan, Italy
  • Canada reports confirmed coronavirus cases now at 12 $USDCAD
  • $GBPUSD might target February lows near 1.2850 after spot prices quickly reversed lower off the 1.3000 handle. Get your GBP/USD market update from @RichDvorakFX here: https://t.co/EhuvCwtwsz https://t.co/usFJC2VQrU
  • Retail CFD traders measured by IG have cut their long-standing short $SPX exposure even further and pushed long positions to the highest in at least 12-months. About to flip net long for the first time in recent memory: https://www.dailyfx.com/sentiment?ref-author=Kicklighter&CHID=9&QPID=917719 https://t.co/y8ocZTCo4k
  • Precious Metals Update: #Gold 1,639.59 (-0.08%), #Aluminum 1,703.00 (+0.24%), and #Copper 5,685.00 (-0.07%) [delayed]
  • "The April VIX future has closed as much as 1.3 points above May’s during this pullback, the biggest such backwardation between the second and third-month contracts since the idiosyncratic volatility blowup in February 2018" https://t.co/35vDjoQQd3
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: -0.01% 🇨🇭CHF: -0.08% 🇯🇵JPY: -0.20% 🇳🇿NZD: -0.51% 🇬🇧GBP: -0.82% 🇦🇺AUD: -0.91% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/XKfLFCRJ0v
CRUDE OIL FUNDAMENTAL FORECAST: Q1 2020

CRUDE OIL FUNDAMENTAL FORECAST: Q1 2020

2019-12-21 10:00:00
Dimitri Zabelin, Junior Currency Analyst
Share:

US-China Trade War Poses Greatest Threat to Crude Oil Prices

Crude oil prices may continue their rise in Q1 of 2020 amid renewed market optimism from the reduced likelihood of a no-deal Brexit and easing trade tensions between the US and China. Year-to-date, Brent has risen just a little under 20 percent. Crude oil prices may be also rise as a result of production cuts by OPEC that are expected to tighten supply as demand for the energy source rises in a perkier sentimental climate.

Total US Shale Oil Production

Brent has been battered by the US-China trade war and the multi-iterated contagion effect the Sino-US conflict has had on other parts of the world. Disruptions in cross-border supply chains in Asia and Latin America have contributed to the global slowdown and contraction in manufacturing with businesses withholding capital and investment amid the economic hostilities.

Looking for the full guide? Full Q1, 2020 Forecasts will be released on Monday, December 23.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.