Those who are following the performance of the world markets might be a little bit confused right now. After all, the day started off fine and now all we can see in the main assets’ performance are the slides. It is weird, especially given the fact that nothing major is happening at the moment. Dollar is still waiting for Consumer Confidence report, there are no updates on Brexit and euro is having a lazy report-less day.
Yes, all of these and other major assets are experiencing quite a slide. But I would argue that the worst day of all is had by oil. WTI oil, to be precise. This American brand is not really the example of stable price right now, just like ever, but the slide of 1.5 percent is pretty unusual, I have to say.
The slide in prices for oil means that there are going to be other declines. Of course the USD is going to react and unless Consumer Confidence comes out with the best results, there is high chance that we are going to see the fall in USD. CAD is tied to prices for oil. And I am not going to give into Russian ruble connection.
So, the slide in the world market was unexpected, but the slide in oil is not only unexpected. It is also going to have a lot of consequence for a lot of major assets. So, we have to be very alert from now on.
And what tool is better to help you stay alert than trading signals?