Oil has opened trade for the week with a gap lower on China affirming zero COVID policy

[forex4you]

Oil has opened trade for the week with a gap lower on China affirming zero COVID policy

<p>This should come as no surprise as we've already had the China news priced into forex in the early hours of Asian here on Monday 07 November 2022. </p><p>The info out of China over the weekend:</p><ul><li><a href="https://www.forexlive.com/news/icymi-china-denied-an-end-to-covid-zero-on-saturday-the-us-dollar-is-higher-on-monday-20221106/" rel="follow" target="_self" class="article-link vertical-align-baseline">ICYMI - China denied an end to COVID zero on Saturday. The US dollar is higher on Monday</a></li><li><a href="https://www.forexlive.com/news/weekend-china-news-on-saturday-health-officials-confirmed-zero-covid-still-in-place-20221106/" rel="follow" target="_self" class="article-link vertical-align-baseline">Weekend China news - on Saturday health officials confirmed zero COVID still in place</a></li></ul><p>Where FX began for the week:</p><ul><li><a href="https://www.forexlive.com/news/monday-morning-open-levels-indicative-forex-prices-07-november-2022-20221106/" rel="follow" target="_self" class="article-link vertical-align-baseline">Monday morning open levels - indicative forex prices - 07 November 2022</a></li></ul><p>Oil update now that Globex trade has opened for the week (ps. please note time changes given this: </p><ul><li><a href="https://www.forexlive.com/news/heads-up-for-us-and-canada-time-zone-changes-over-the-weekend-daylight-saving-ends-20221106/" rel="follow" target="_self" class="article-link vertical-align-baseline">Heads up for US and Canada time zone changes over the weekend - daylight saving ends</a></li></ul><p>)</p><p class="western" align="left"> This chart is from our charting app, which is free and <a href="https://www.forexlive.com/LiveCharts">can be found at this link</a></p>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: Oil has opened trade for the week with a gap lower on China affirming zero COVID policy

forexlive.com