Weekend– Gazprom announced on Friday that the main pipeline to Germany would remain closed indefinitely, against expectations of a restart on Saturday after three days of maintenance work.
Today – All eyes will be on the monetary policy decisions from the ECB, BoC, RBA. Final readings for Eurozone and UK Services and Composite PMs are due today. In the UK the Conservative Party is set to announce that Liz Truss won the leadership contest and will succeed Boris Johnson as the next Prime Minister for the UK.
Biggest FX Mover @ (06:30 GMT) EURUSD(-0.48%) found a near term support at 0.9877. MAs aligning lower, MACD lines extend southwards, RSI 38, H1 ATR 0.00199, Daily ATR 0.00996.
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Andria Pichidi
Market Analyst
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