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Forex market reviews

21 December 2015

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Natalya Indeeva

Brent Oil Slides to 11-Year Low as Producers Seen Worsening Glut (News 21/12/2015)

Oil has collapsed below levels last seen during the 2008 global financial crisis on signs the market’s oversupply will worsen. The Organization of Petroleum Exporting Countries effectively abandoned output limits at a Dec. 4 meeting, while the U.S. on Friday passed legislation that lifted a 40-year ban on crude exports.
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18 December 2015

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Currency Pair: GBPJPY

GBPJPY’s price closed below a support level yesterday i.e. the trend line, given us a signal to look for more downward move towards 167.814 on a longer outlook and 175.239 on a medium term outlook.
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Alexander Razuvaev
Alexander Razuvaev

Director of Alpari's analytical department

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