Latest News

Forex Today: WTI Crude Oil Back Below $100

on April 04, 2022
Latest News
Forex Today: WTI Crude Oil Back Below $100
moments agoAdam Lemon Forex News
Forex Today: Euro Boosted by Ukraine Peace Talks
3 days agoAdam Lemon Forex News
Forex Today: Ukraine Peace Talks Boost Stocks, Ease Commodities
5 days agoAdam Lemon Forex News
Forex Today: Yen Fall Peaks on BoJ Unlimited Bond Purchase
5 days agoAdam Lemon Forex News

Risk sentiment continues to strengthen somewhat, sending stocks and the Australian Dollar higher and crude oil lower.

The war between Russia and Ukraine is in its sixth week, and recent talks suggest the parties may be inching towards a ceasefire. There has been focus on a number of civilian casualties discovered in the Kiev area as Russian troops have pulled back.The Forex market is now dominated by strength in the Australian Dollar and to a lesser extent the US Dollar, with the Japanese Yen and Swiss Franc looking weak. Stock markets are stable to bullish while the prices of most commodities are easing.


The price of Crude Oil has fallen quite strongly again following news last week that the US is considering releasing a significant amount of its crude oil reserve in an attempt to dampen price rises and inflation. WTI Crude Oil is trading below $100.Bitcoin continues to make a bearish consolidation below strong resistance near $48k.The Reserve Bank of Australia will be releasing its Cash Rate (expected to remain unchanged at 0.1%) and Rate Statement later. The RBA is beginning to come under hawkish pressure as more analysts believe it will need to begin hiking its Cash Rate in June.Turkish inflation data will be released later today and is expected to show an annualized rate of 61.5% for March 2022, which would be a 20-year high and indicate a real negative interest rate of 40%.Daily new coronavirus cases globally fell last week for the second consecutive week. It is a public holiday in China today.The large city of Shanghai in China recorded a record daily number of confirmed new coronavirus cases.It is estimated that 64.5% of the world’s population has received at least one dose of a coronavirus vaccination, while approximately 6.2% of the global population is known to have contracted the virus at some stage.Total confirmed new coronavirus cases worldwide stand at over 491.8 million with an average case fatality rate of 1.26%.The rate of new coronavirus infections appears to now be increasing only in Australia, Barbados, Bhutan, China, Cyprus, France, Germany, Laos, Luxembourg, Malta, Samoa, Taiwan, Thailand, and Vanuatu.

Free Trading Education

Want to get a deeper understanding of how technical analysis and signals work? Watch videos, read articles, and learn all about the world of Forex at


Maverick Chaves captures Costa Rican presidency, upending political consensus

Previous article

Can I Borrow From an IRA Without Penalty?

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News