The euro-dollar pair in the Asian session on Monday tried again to overcome the support level of 1.1740 (bottom line of the Bollinger Bands indicator on the D1 timeframe), but retreated again, reflecting the indecision of traders.
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All last week the participants of stock and currency markets waited impatiently for the data on the US labor market.
The U.S. Senate came close to passing a $550 billion infrastructure spending package.
The key US stock indices ended last week in a minimal decline, having moved only slightly away from their absolute highs.
On Friday, the Labor Department released a report that is under intense public scrutiny. He showed that US employment rose more than expected in July.
This week has set new gas price records in Europe. Due to the reduction in Russian gas supplies, its cost in Europe has more than doubled.
Back in early 2021, Elon Musk and Tesla bought about $1.5 billion worth of Bitcoins at an average price of $36,000 per Satoshi.
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The UK economy contracted slightly more than initially expected in the first quarter due to the reintroduction of restrictions, revised data from the Office for National Statistics released on Wednesday.
Bank of America recently made a bold prediction. The banking giant believes that an imbalance between supply and demand in the oil market will push oil prices up to $ 100 a barrel by next year.
This week the main attention of traders will be directed to the US dollar, which at the end of last week, against the leading world currencies, nevertheless regained the losses incurred earlier and reached the level of 90.50.
On Friday, oil prices are showing a steady decline. Market participants fear an increase in the supply of raw materials from Iran amid statements by the United States to lift sanctions on some individuals and companies trading in Iranian oil.
Inflation data showed that prices are rising faster than experts expected.