Oil dropping hard to open the week’s trade – ForexLive

US Sunday evening oil markets are open, CL down about a dollar 

There is plenty of bad news about on the surge in coronavirus cases in Europe – and there is little doubt that further restrictions will be implemented very soon which will once again cut into economic activity and hence demand for oil.

From Saturday Europe numbers:

And Sunday is worse:

The US is racking up new cases also, over 83K for the second day in a row reported.  The 7 day MA of new cases hit its highest ever, surpassing its previous high set in June. 

For bank trade ideas, check out eFX Plus

from WordPress https://ift.tt/34rQvlv
via IFTTT