U.S. and China cannot resume full-fledged trade negotiations due to disagreements over Huawei
ECB meeting and economic statistics will be in the spotlight during the week of July 22-28
On Thursday, gold continued its upward movement, once again updating the multi-year trading highs.
Oil market has closed the fourth consecutive day with decline.
Gold finished yesterday's trading with an increase of more than 1% against the background of the weakening dollar and the appearance of negative information about the course of trade negotiations between the United States and China.
Oil market has closed yesterday’s trading session with a tangible drop down.
The EUR / USD pair ended yesterday’s trading with a decline of 0.45%, amid a stronger dollar across the entire spectrum of the market and the publication of another batch of weak economic data from Germany.
On Tuesday, gold finished trading lower, by almost 0.6%, amid a stronger dollar.
Oil market is being traded short on the back of messages saying, that tropical storm “Barry”, which status was updated to hurricane for a short while, on Monday evening has left the Gulf of Mexico without causing any tangible damage to local oil production infrastructure.
All Monday, gold was trading in a very narrow price range, since there were no important economic and geopolitical news on the market that could have a strong influence on trading.
