February 2017

 

Fundamental Analysis

In February, the EUR/USD showed a downward trend, after starting the month at 1.0790 and closing at 1.0552.

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Technical Analysis

The EUR/USD depreciated on February.

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International Politics: changing times

A deal was reached in December between OPEC and non-OPEC members to cut oil production to lift the prices of the commodity. The agreement, which is the first of its kind in about 15 years, took effect on January 1st and it is valid for six months. Since then, oil prices have gone up to more than $50 as the deal has been having a high level of compliance.

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Did you know...

Why the Great Britain Pound and the United States Dollar pair are known for “the cable”?

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