empty
 
 

27.07.201509:53 Forex Analysis & Reviews: Global macro overview for 27/07/2015

Long-term review

Global macro overview for 27/07/2015:

Crude oil prices slipped again and still keep heading south. The recent data from the US has increased the concerns about oversupply on the oil market as the US drilling activity increased last week. According to Baker Hughes Inc, the oil producers added 21 oil rigs last week, the biggest rise since April 2014. The recent US-Iran deal, Saudi Arabian oil oversuppling market, and the increasing number of rigs suggest much lower prices to come in the next weeks.

The technical picture of crude oil does not look bullish at all as the market currently trades below 55,21 and 13-period moving average, eyeing the next support at the level of 47.00.

Exchange Rates 27.07.2015 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Sebastian Seliga,
Analytical expert of InstaForex
© 2007-2022
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




  • Trade Wise, Win Devise
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • Ferrari from InstaForex
    Top up your account with at least $1,000
    join the contest and win Ferrari
    F8 Tributo
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and win $1,000
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS
Can't speak right now?
Ask your question in the chat.