The negative sentiment continued to dominate the whole financial market with U.S. election in less than a week.
In European session there were many PMI datas and were largely positive, but EURO has been positive due to the weakness of dollar all this week.
Then construction PMI from GBP came out as positive number, then finally the ADP non-farm employment change from USD in North American session, again, most of the datas were non reactive due to sentiment play.
Federal fund rate was unchanged today as expected, and the statement was more neutral to hawkish, still hinting the possible Dec rate hike.
So far this has been the condition for the market and will most likely continue to go on until the end of U.S election.
WTI closed down another red candle at $45.48, actually broke the long-term diagonal trendline, all equity markets were once again closed down.
Crude oil inventory was a largest built, biggest weekly rise since 1982.
This alone with OPEC failed attempt, we had a lot more negativity ahead in the oil market.
The negative sentiment continued to dominate the whole financial market with U.S. election in less than a week.
In European session there were many PMI datas and were largely positive, but EURO has been positive due to the weakness of dollar all this week.
Then construction PMI from GBP came out as positive number, then finally the ADP non-farm employment change from USD in North American session, again, most of the datas were non reactive due to sentiment play.
Federal fund rate was unchanged today as expected, and the statement was more neutral to hawkish, still hinting the possible Dec rate hike.
So far this has been the condition for the market and will most likely continue to go on until the end of U.S election.
WTI closed down another red candle at $45.48, actually broke the long-term diagonal trendline, all equity markets were once again closed down.
Crude oil inventory was a largest built, biggest weekly rise since 1982.
This alone with OPEC failed attempt, we had a lot more negativity ahead in the oil market.