Oil: OPEC upscaling the supply
OPEC+ - unexpectedly - decided to gradually increase back the oil supply. What's the outlook for the oil price?
Traders Focusing on NFP
Information is not investment advice
Ichimoku Kinko Hyo
EUR/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
Fibonacci Levels
XAU/USD: Gold makes another full retracement. It seems that each pullback for gold is a buying opportunity.
European Market View
Asian equity markets failed to sustain the positive tone from Wall Street where all major indices notched gains as technology sector outperformed for another day. Looking ahead, highlights from macroeconomic calendar include German Trade Balance, US and Canadian Labour Market Reports and Fed's Rosengren speech.
European Key Point
- Germany June industrial production comes at +8.9% vs +8.2% m/m than expected.
- Trump signs executive order to address threat of WeChat.
- Germany reports 1,147 new coronavirus cases in latest update today.
Elizabeth Belugina
Similar
EUR/AUD looks down
EUR/AUD rose to 1…
Cable climbs to fresh two-month high
US stock markets are set to open mixed as the post-Pfizer rally is reassessed, but cyclicals are still clearly outperforming the growth and momentum names that have notched the biggest gains during the pandemic.
Popular
Westpac: Bullish rally of the AUD is inevitable in Q3
According to Westpac, the AUD is undervalued. What target do they set?
NZD/USD : extends gains to fresh three-week high.
Ichimoku Kinko Hyo EUR/JPY: The pair is trading above the cloud…
AUD/USD : climbs to three-week high as dollar continues to stay pressured.
Ichimoku Kinko Hyo USD/JPY: The pair is trading below the cloud…
Choose your payment system
