It is interesting to watch more and more experts improving their oil forecasts for 2016. The World Bank experts are some of them. To be more specific, they expect the oversupply currently seen in the global market of crude oil to shrink in the coming months. If that’s the case, this is definitely going to push oil prices higher.
The situation in commodity markets is changing as investments banks are quitting the sector. Those banks that have been dominating the market over the last decade are now selling their commodity departments. Apparently, investors have become less interested in commodity trading as the commodity super-cycle is nearly over. At the same time, regulators are getting increasingly interested in the commodity sector.
What are the near-term prospects of the commodity sector? Let’s try to find it out together with HY Markets, a major broking company specializing in Forex, commodities, stocks and other financial markets.
At the start of the European session on Thursday, on the 24th of April, 2014, the Euro rose against the Dollar from the characteristic of 1.3811 to 1.3837. The Euro against the USA Dollar developed for 0.0026 Dollars.
Development of the European money against the Dollar was 0.09 %.
On the European session on Wednesday, on the 23rd of April, 2014, Euro rate fortified to achieve the level of 1.3854, setting the most extreme of the current day. Nonetheless, in the second half of the day on the U.S. session, the single European cash tumbled to the mark of 1.3815.
Workers of financial and analytic department of Binary Options Broker Optionova have distinguished explanations behind the decrease of the Euro rate against the Dollar.