Crude oil prices at risk ahead of fears over BOC reports
Publish Date : 2019/09/04 - 06:18

Crude oil prices at risk ahead of fears over BOC reports


The crude oil prices fell for second day following Trade war escalations and global growth slowdown.

Moreover,US-China trade war escalated following the debates over ongoing negotiations between Washington and Beijing.

Furthermore,it seems that the White house threatened EUROZONE with currency war.meanwhile,August’s ISM data decreased for the first time in the last three years.

The headwinds also put pressure on bonds which led to the increase of some instruments and commodities’ appeal and ensuing increases of Gold prices.

It remains to be seen what BOC reports will be.

Speculations suggest that there will be no change.now the traders are evaluating the market so carefully.

Source:Dailyfx

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