Oil prices retreat on slightly cautious start to the new week. Following a +- 16% gain in July can oil prices maintain their trajectory?
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Oil prices retreat on slightly cautious start to the new week. Following a +- 16% gain in July can oil prices maintain their trajectory?
from DailyFX – Market News https://bit.ly/3OM9630
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Indices have tried to slow their declines, with signs of a recovery across the Dax and Dow.
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The euro begins the week on the backfoot after the US dollar recovers and German industrial production misses forecasts.
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Mixed US jobs data released on Friday points to a limited upside in the US dollar ahead of the key US inflation data due on Wednesday. What is the outlook for EUR/USD, GBP/USD, and USD/JPY?
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An initial move higher in Wall Street last Friday eventually faded into the close, as market participants took the opportunity for further profit-taking into the seasonally weaker month of August
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