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FX.co ★ Heavy Crude Oil Cooled Markets

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Forex Analysis:::2017-08-02T06:35:03

Heavy Crude Oil Cooled Markets

EUR / USD, GBP / USD.

While the financial market players were wondering whether or not to continue buying the risk on the euro, pound, and shares of the companies, the oil spilled out on the proscenium of OPEC and Bloomberg data, increasing the cartel's production by 0.21 million barrels a day.

The market immediately began to discuss that the price of cheaper oil was completely suppressed.

Macroeconomic indicators of the euro area and the US came out slightly depressed.

Most likely, a temporary stop is not yet a sign of the long-awaited reversal.

Heavy Crude Oil Cooled Markets

Heavy Crude Oil Cooled Markets

AUD / USD

The Australian dollar which is highly-dependent on the commodity market, lose yesterday due to a 34 point drop in oil.

Yesterday, the Reserve Bank of Australia retained its monetary policy but bluntly stated that the RBA.

Today, the housing construction in Australia was appeased with the construction.

The Australian Dollar continues to wait for Friday's data.

Heavy Crude Oil Cooled Markets

Analyst InstaForex
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