Oil: OPEC upscaling the supply
OPEC+ - unexpectedly - decided to gradually increase back the oil supply. What's the outlook for the oil price?
The United States jobless claims will be released
Information is not investment advice
Ichimoku Kinko Hyo
EUR/JPY: The EUR/JPY pair is now testing the Tenkan Sen support level. If the pair break below this level, the next support is the Kijun Sen level. Further drop of EUR/JPY will continue its bearish sentiment.
European Market View
The European Central Bank minutes will cover the relatively uneventful meeting in July 2020. Also, today the United States jobless claims will be released.
The Turkish Central Bank will release the official rate, which is expected to remain unchanged. Other measures might be imposed to tighten liquidity.
European Key Point
- The United States jobless claims will be released.
- The Turkish Central Bank will release the official rate.
Michael Eliades
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