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Market Insights Podcast (Episode 289)
OANDA Senior Market Analyst Ed Moya previews the day's market news with Jonny Hart. They discussed markets, discuss the RBA rate decision, preview what the BOE might do, and provided some insight to why energy traders closely followed Exxon's earnings results.
Feb 01, 2022 by Edward Moya
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Waiting OPEC+ decision, Exxon investing in new wells, gold rallies above USD 1800
Oil/Exxon Crude prices edged lower ahead of the OPEC+ meeting on output and after Exxon’s quarterly update showed the oil giant was ready to significantly increase its investment in new wells.  Fears of an OPEC+ surprise has many energy traders locked in profits. OPEC+ is expected to stick to the script and deliver a 400,000 bpd increase next month and when you factor in that many members are struggling to hit their quotas, oil seems poised to head higher.  Fears of disruption to supplies will
Feb 01, 2022 by Edward Moya
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