Loonie is Steady, Oil Prices Improved

Market Reviews

The situation at the market is pretty ambiguous. NASDAQ rose 0.36% and reached the maximum of 6410.81. DOW fell -0.31% to close at 21513.17 and S&P 500 dropped -0.11% and settled at 2469.91. 10 year yield increased 0.022 to stop at 2.254. Yellow metal lacks some upside impulse but short term bullishness is still present. WTI crude oil has recommenced and got back above 46.6. Bank of Japan had a meeting. Members discussed what they should tell traders about the stimulus exit. Some of them insisted that the information should be given to the public and it should be really thought through and laconic. But, some participants of the meeting said no details should be unveiled before the inflation hits its objective. What the Bank has ultimately decided, we will learn on Friday. Oil prices have improved as Khalid Al-Falih (Saudi Arabia's oil minister) claimed that Saudi Arabia put a limit on its exports at 6.6 million barrels/day.

Germany will announce Ifo business climate and import price index. Britain will publish CBI trends total orders. The United States will show house prices and consumer confidence.