Monday, 7 August 2023

Warm Start to the Week, but Lead-Up to China’s Trade Data Brings Some Caution: S&P 500, China A50, Natural Gas

Following last Friday’s reversal, major US indices managed to hold onto their gains this time round, with the 4,500 level for the S&P 500 having to see some defending ahead.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...