The German economy minister told German media last week that the government feared Russia would decline to reopen the Nord Stream 2 pipeline, a move that could cause energy shortages over the winter. Get your market update from zvawda here:
Activity will be limited Monday, given the July 4th holiday in the United StatesRecent economic data has added to signs that the U.S. economy, a key global growth driver, is cooling amid aggressive policy tightening by the Fed, so Friday’s nonfarm payrolls report will be studied carefully for how the labor market is performing, given the Fed’s inflation/employment mandate.we pushed below our key psychological area 31000 and had a daily candle close below.
Price remains pressured, and we currently trade back above the 31000 level. Today’s US holiday could bring lower volatility, however a break higher could see us test trendline resistance which lines up with the 61.8% fib level.
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