Trade ideas for August 2-6
What events to follow and how to trade during the week of July 2-6?
OIL: it started
Very short: WTI oil trades above $25 just after $20 in the morning!
Why? Two things: China's recovering economy is demanding oil, and Donald Trump is calling on Saudi Arabia and Russia to cut supply by 10mln bpd (no surprise Saudi Arabia calls for an emergency OPEC+ meeting now). Be careful and use the situation!
Similar
EUR/USD is Ready for Reverse, Amazon's Poor Results
EUR/USD retraced to 1.1870 after breaking out this level. It should be just a natural sell-off ahead of the further rally up.
Oil and BTC Surged, EUR Awaits ECB
Today traders await the European Central Bank to make a policy statement at 14:45 MT (GMT+3).
Latest news
Gold May Form Double Top & Flat Strategy for S&P
Our analyst discusses the latest news and shares his trade ideas on gold, EUR/USD, and S&P 500. Jump in!
Will the BOE Act as the Lockdown Is Over?
The Bank of England will publish a monetary policy statement and update on the interest rate on Thursday, at 14:00 MT time.
Will the RBA Add Strength to the Aussie?
The Reserve Bank of Australia (RBA) will hold a meeting and announce changes to the monetary policy on August 3, at 07:30 MT time (GMT+3).
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