Oil: OPEC upscaling the supply
OPEC+ - unexpectedly - decided to gradually increase back the oil supply. What's the outlook for the oil price?
Brexit negotiations will resume this week
Information is not investment advice
Ichimoku Kinko Hyo
AUD/JPY: The currency pair is now between the Tenkan Sen and the Kijun Sen level. An upward wave would push prices to eliminate the Tenkan Sen key level, confirming further bullish implications.
Fibonacci Levels
XAG/USD: Silver is now testing the key level at 61.8% of the Fibonacci retracement levels. Further bullish momentum will push prices to hit the next level at 88%.
European Market View
This Wednesday Fed minutes will be scrutinized ahead of September’s important Fed meeting, whereas a possible new target will be in focus.
On Friday, PMI August figures from Germany, France, and the United States will be monitored to see if the recovery continued in August after the encouraging July numbers.
Brexit negotiations between the European Union and the United Kingdom resume this week.
European Key Point
- Wednesday Fed minutes
- PMI August figures from Germany, France, and the United States
- Brexit negotiations will resume this week
Michael Eliades
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