Tight supply of Crude Oil boosted the oil price
In order to support crude oil price, Kuwait implemented an agreement between oil exporting countries to cut production on Monday. As another major producer of crude oil, Russia also indicated the willingness to fulfil the agreement with OPEC+ to reduce oil output to defend the oil market. WTI Crude oil price continued to rise since 8th of August and closed at $ 54.71 on Monday.
Due to the unstable market movement and geopolitical tensions, US indices dropped on Monday, investor concerned about the global economy continued to grow. Dow 30 and S&P 500 fall 1.5% and 1.36% respectively.
The upcoming big events are: British Average Earning Index, Australian quarterly Wage Price Index, the US monthly CPI and British yearly CPI.
Daily movement
|
Asset |
Open |
Close |
High |
Low |
change% |
|
USDX |
97.3100 |
97.2000 |
97.5400 |
97.1100 |
-0.11% |
|
EURUSD |
1.1199 |
1.1214 |
1.1231 |
1.1162 |
0.13% |
|
GBPUSD |
1.2047 |
1.2074 |
1.2106 |
1.2015 |
0.22% |
|
USDJPY |
105.5610 |
105.2950 |
105.6890 |
105.0460 |
-0.25% |
|
AUDUSD |
0.6782 |
0.6749 |
0.6795 |
0.6745 |
-0.48% |
|
USDCAD |
1.3201 |
1.3241 |
1.3250 |
1.3200 |
0.30% |
|
NZDUSD |
0.6465 |
0.6443 |
0.6474 |
0.6439 |
-0.34% |
|
USDCNH |
7.0970 |
7.1017 |
7.1121 |
7.0878 |
0.07% |
|
GOLD |
1497.7900 |
1510.8400 |
1519.7500 |
1487.1900 |
0.87% |
|
WTI |
54.2400 |
54.7100 |
55.1200 |
53.5000 |
0.87% |
|
BRENT |
58.2900 |
58.5000 |
58.9100 |
57.9200 |
0.36% |
|
DOW 30 |
26286.3900 |
25890.8900 |
26372.3800 |
25820.4500 |
-1.50% |
|
S&P 500 |
2920.8300 |
2881.0800 |
2930.8800 |
2872.4200 |
-1.36% |
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