Brent. April 27, 2021 | Oil rises in anticipation of OPEC meeting On Tuesday, Brent quotes are growing moderately, recovering to the level of $65.70 per barrel. Oil prices were supported by the decision of OPEC+ to raise the short-term forecast of world oil demand growth to 6 million barrels per day from the March estimate of 5.6 million. Today, a day ahead of schedule, a meeting of the OPEC ministerial monitoring committee will take place. OPEC Secretary General Mohammed Barkindo in his recent speech noted that the oil market is experiencing a significant improvement in prospects, and the excess oil reserves formed in the world market during the pandemic will completely disappear by the end of this quarter. At the same time, many risks remain relevant, primarily associated with the deterioration of the epidemiological situation in India, Japan and a number of other regions. India is one of the largest oil importers, so the introduction of additional quarantine restrictions will inevitably impede the recovery in demand for raw materials. EUR/USD. April 27, 2021 | Euro corrected after reaching local highs The US dollar is showing signs of strengthening against the euro, reaching 1.2050. The American currency is supported by expectations of the results of the two-day meeting of the US Federal Reserve System. Market participants assume that the regulator will confirm its readiness to continue buying back assets in the same volumes in order to achieve maximum employment and price stability. However, many also admit that even before the end of this year, the Fed is announcing plans to gradually reduce monthly asset repurchases (currently the amount is $120 billion), as the US economy shows signs of a rapid recovery from the Covid pandemic. Also, the regulator is not expected to change the base rate and monetary policy parameters. The main attention of traders on Wednesday will be attracted by the press conference of the head of the Federal Reserve System Jerome Powell, from whom they expect signals about when the Fed may begin to cut stimulus. Today the macroeconomic calendar is almost empty. It is worth paying attention only to the CB consumer confidence index in the USA. Analysts expect a slight increase in the indicator.