News & Analysis at your fingertips.

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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
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
Wall Street
More View more
Real Time News
  • What's the difference between leading and lagging indicators? Find out from here:
  • Struggling to define key levels? Floor-Trader Pivots assist traders in identifying areas in a chart where price is likely to approach and can be used to set appropriate targets, while effectively managing risk. Learn how to use this indicator here:
  • Make smart trading decisions with your free guide to trade the news. Download your free guide here. #DailyFXGuides
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
  • Gold snapped a two-week losing streak but keeps price within the broader August downtrend. These are the levels that matter on the $XAUUSD weekly chart. Get your market update from @MBForex here:
  • $GBPUSD continues to move higher, despite Friday’s weakness, as vaccination hopes continue to fuel positive sentiment despite ongoing lockdown fears and downbeat UK data. Get your market update from @nickcawley1 here:
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:
  • Recessions can devastate the economy and disrupt the fortunes of individuals, businesses, and investors. But economic decline in the business cycle is inevitable, and your trading can be defined by how you respond to crisis. learn how to prepare here:
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
  • MACD who? The Moving Average Convergence Divergence (MACD) is a technical indicator which simply measures the relationship of exponential moving averages (EMA). Find out how you can incorporate MACD into your trading strategy here:
The Influence and Limitations of Oil on Risk and Global Growth

The Influence and Limitations of Oil on Risk and Global Growth

John Kicklighter, Chief Strategist

Talking Points:

• A nearly 4.5 percent rebound in crude through the second half of this past week doesn't turn the trend

• Having hit 12-year lows after a relentless bear trend, oil has been labeled the key to markets and global growth

• While energy prices do have significant sway over the system, its influence is not omnipotent

See the DailyFX Analysts' 1Q forecasts for the Oil as well as equities and the Majors in the DailyFX Trading Guides page.

It is no wonder why oil and commodities are a common topic for all market participants - whether they trade that asset class or not. The collapse crude in particular has suffered the past two years has been severe and it has also notably preceded a decline in the wide financial system that is just starting to unnerve investors. This notoriety has led the market to attribute greater powers of influence to energy prices when it comes to broader market sentiment and global growth than is reasonable. Oil prices can have knock-on effects for the financial system via producers (emerging market producers and energy companies unable to cover their loans) and it can churn GDP, but it is unlikely to override themes like risk trends and monetary policy - especially in the week ahead. We focus on the market influence of the headline-darling, oil, in this weekend Strategy Video.

Sign up for John’s email distribution list, here.

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