The Dollar remains stronger as the US NFP cooled hopes of Fed cuts Monetary policy decisions by the Fed and the ECB to set the pair’s direction this week.
Crude oil prices peaked at new levels again today in the face of concerns for China’s growth prospects undermining it but backwardation is back in play. Will WTI break USD 100 a barrel?
Main scenario: consider short positions from corrections below the level of 1.3114 with a target of 1.2800 – 1.2650. Alternative scenario: breakout and consolidation above the level of 1.3114 will all
Leave a Comment