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Oil Prices Drop

🔷 Covid-19 cases soared & lockdowns are imposed in EU & CN 🔷 SA Crown Prince plans to build zero-carbon city 🔷 Iraq increased crude sales prices to Asia in February #CrudeOil##oilprice##FX##NewTraders#

The #NFP report is out tomorrow.

Will it be slashed in half again? 🔼 Previous: 245K 🔼 Forecast: 112K Job addition in November was below February level by 9,9 million or 6,5%. #GuessNFP##TradeNotes##FX##trading##TradeComment#

Oil prices reached multi-month highs today.

🔷 UK Oil futures reached $53,17 a barrel, the highest since March 2020. 🔷 US Oil reached $49,71 a barrel, the highest since February 2020. #oilprice##CrudeOil##Trader##trading##NewTraders#

Donald Trump signed a $2.3 trillion pandemic aid and spending package.

🔷 Global shares went up 🔷 European shares are expected to follow 🔷 The U.S. Dollar is expected to stay under pressure #TrumpBackAway##USDollar##USDollar#

Quote of the day

"There is a huge difference between a good trade and good trading." #TradeNotes##Trader##FX##ForexToday#

Trump’s exit is marked by a historically bad economic record.

🔷 Less people are employed than when he started. 🔷 The growth in economic output is weaker than the previous 12 presidents’. 🔷 Industrial production decreased - it fell into recession before the pandemic. #TrumpShutStimulusDown##TradeNotes#

Pull-up Update