The fifth round of negotiations will heat up next week and that should keep oil prices supported as Tehran will stick to their red lines for restoring the nuclear deal.
Energy traders will remain very bullish for crude prices in the short-term.
It has been all downhill for Bitcoin since Musk’s SNL appearance and while the retail community is showing they are giving up on Bitcoin, Corporate America is taking a good hard look.
Job’s day reminded Wall Street that the Fed is justified with their ultra-accommodative stance and that a pickup in taper chatter will likely wait until the end of summer at Jackson Hole.
Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors.