News & Analysis / Analysis / Economic Calendar: Markets Digest Events Happening in Israel

Economic Calendar: Markets Digest Events Happening in Israel

FXOpen

It's a busy start to the week as markets digest the events happening in Israel. Last week, WTI fell 10% to below $81 but gapped higher on this week's open, as wars in the Middle East add a risk premium to the price. With the OPEC report on Thursday, it looks set to be another volatile week in the oil markets.

The equity markets had a strong rally on Friday but have opened lower as traders reduce their exposure, with the S&P 500 index dropping 30 points. The Fed meeting minutes are released at 21:00 GMT+3 on Wednesday, which will provide traders with insight into whether the Fed will raise interest rates again, which could knock the equity markets further.

The strength of the US dollar has been impressive over the last few months as the Fed has hiked rates. USDJPY hit 150 last week, and an intervention by the Bank of Japan could well be on the cards at these levels. US CPI data out on Thursday at 15:30 GMT+3 could well be the catalyst to push it higher still if the inflation continues to tick back up.

The UK100 has been one of the best-performing indices of late, helped by its large weighting of oil and mining companies. UK GDP released on Thursday at 09:00 GMT+3 is expected to show a minimal expansion, but strong numbers could provide a further boost for the UK market.

This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Stay ahead of the market!

Subscribe now to our mailing list and receive the latest market news and insights delivered directly to your inbox.

forex

Instrument
Live ECN bid
Live ECN ask
Action
EURUSD
1.08777
1.08803
Trade
GBPUSD
1.29275
1.29374
Trade
AUDUSD
0.63223
0.63247
Trade
USDJPY
148.620
148.645
Trade
USDCAD
1.43605
1.43721
Trade
More
Forex Trading with FXOpen

Forex Trading with FXOpen

Experience ECN technology for deep liquidity and light-speed trade execution

  • Access over 50 markets
  • Trade with spreads from 0.0 pips
  • Take advantage of commissions from $1.50/lot
Learn more

Latest articles

Shares

Intel (INTC) Shares Surge by Approximately 14%

As shown in the Intel (INTC) stock chart:

→ Trading opened yesterday with a strong bullish gap.
→ By the end of the session, shares had risen by approximately 14% compared to the previous day's closing price.

According to Dow Jones Market

Commodities

Gold Price Nears $3,000 for the First Time in History

As shown in the XAU/USD chart today, gold is at a record high, just $5 away from the key psychological level of $3,000. Moreover, on the futures market, COMEX data indicates that gold futures have already surpassed this

What Is Dollar-Cost Averaging (DCA) in Investing and Trading?
Trader’s Tools

What Is Dollar-Cost Averaging (DCA) in Investing and Trading?

Dollar-cost averaging (DCA) is a popular strategy used by investors and traders to manage market fluctuations and build positions over time. Instead of trying to time the market, DCA focuses on consistent, regular investments regardless of price movements. This article