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Empower Markets is a trusted global CFD and Forex broker. Our vision is to create the ultimate forex trading destination where traders could access a full suite of trading products in the global markets.

What sets us apart from our competitors is our deep understanding of what traders need. Our clients interests’ are a priority for us. It is our firm commitment to excellence that makes us one of the leading forex brokers globally.

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Insight

Oil: OPEC likely to delay planned increase in output quotas – ANZ

The OPEC+ alliance is faced with a crucial decision as the market enters a critical phase of its recovery from the depths of the global pandemic. The supply cuts that the group implemented in Q2 have gone a huge way to stabilising the market. After bottoming out around $20/bbl in April, Brent crude has more than doubled to over $40/bbl within two months. Strategists at ANZ Bank expect the OPEC+ will have no choice but to delay the increase of quotas by a month or two at its meeting on December 1.

NZD/USD: A glimmer of upside potential to test 0.6680 – Westpac

Economists at Westpac sees a glimmer of upside potential on the NZD/USD pair to test 0.6680. Nevertheless, the kiwi trades on the back foot, losing -0.33% on the day to 0.6635 as of writing.

USD/CNH risks a move lower to 6.7000 – UOB

FX Strategists at UOB Group believe USD/CNH is poised for further downside in the next weeks.

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