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
1.09654
1.09665
Trade
GBPUSD
1.28892
1.28919
Trade
AUDUSD
0.60440
0.60452
Trade
USDJPY
146.854
146.884
Trade
USDCAD
1.42236
1.42291
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

Cryptocurrencies

BTC/USD Analysis: Bitcoin Price at a Critical Support Level

In our 28 January report, "Bitcoin Price Holds Above $100k. For Now?", we highlighted the heightened volatility surrounding Trump’s inauguration. We speculated that major market players might have capitalized on this surge to lock in profits from long positions,

Analytical NVIDIA Stock Forecasts for the Rest of 2024, 2025 – 2030, and Beyond
Trader’s Tools

Analytical NVIDIA Stock Price Predictions for 2025-2030 and Beyond

NVIDIA has become a dominant force in technology, driving innovation in AI, data centres, and next-generation computing. Its stock has seen substantial growth, becoming a key player for investors to watch closely.

This article breaks down NVIDIA’s stock forecasts

Analytical Tesla Stock Predictions for 2024, 2025 – 2030 and Beyond
Trader’s Tools

Analytical Tesla Stock Predictions for 2025 – 2030 and Beyond

Tesla has been at the forefront of the electric vehicle revolution, capturing the imagination of investors and the general public alike since the launch of the Roadster in 2008. From the debut of the Model S to the unveiling of

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.