OPEC is set for a virtual meeting tomorrow

OPEC is set for a virtual meeting tomorrow

2020-08-18 • Updated

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Ichimoku Kinko Hyo

GBP/JPY: the pair is now trading slightly above the Kijun Sen. A failed attempt to move higher will lead GBP/JPY below the Kijun Sen. Further drop of the market will push prices further down, confirming the bearish scenario.

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European Market View

Today the Brexit talks resume between the European Union and the United Kingdom. Boris Johnsona and the top negotiator Davis will attend a dinner with EU’s Michael Barnier.

In the United States housing starts in focus after the very strong NAHB index yesterday.

OPEC is set for a virtual meeting tomorrow.

Regarding coronavirus, the number of global cases now top 21.8 million and more countries close down or restrict nightlife.

European Key Point

  • Brexit talks resume between the European Union and the United Kingdom
  • In the U.S. housing starts in focus
  • OPEC is set for a virtual meeting tomorrow

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