Market Movers #27: December’s big events, falling oil & negative GOFO

The ECB meeting and the NFP are the first big events of a busy last month of the year. We preview the big events that rock markets. We also look back at the meaning of crashing oil to markets, and the negative GOFO rates and what it means for oil. And towards the NFP, we look at the wider meaning of jobless claims.

Welcome to a new episode of Market Movers, presented by Lior Cohen of Trading NRG and Yohay Elam of Forex Crunch.You are welcome to listen, subscribe and provide feedback.

The topics:

  1. Jobless claims: We explain why this weekly heartbeat of the US job market is so important, how it impacts the dollar and talk about the latest developments.
  2. Preview of December’s events: We have already seen how big news and low liquidity rocks markets. This is probably here to stay: the all important ECB meeting about QE, Non-Farm Payrolls, elections in Japan and the first Yellen press conference after QE ended in the US are some of the big events we discuss.
  3. Falling oil: After the big drop in oil, what’s next for black gold and their related assets? Can we see a self correction?
  4. GOFO goes negative: Deep into prices of gold, we see a phenomenon which is quite uncommon. We explain the implications for future bullion prices.

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Yohay and Lior hold no positions on any of the stocks and financial instruments that were mentioned on the show. The podcast should be used for general information. This isn’t financial advice.