💫Happy Monday, dear traders! Are you ready for a new trading week?💥 Let’s look through the main news for now:
🇪🇺The euro fell as the worsening energy crisis in the region heightened fears that the global economy is already facing high inflation and a wave of monetary tightening. EURUSD is under 0.9900.
🛢Oil climbed up ahead of today’s OPEC supply meeting. XBRUSD is 95.00.
🇷🇺Russia's Gazprom suspended its key European gas pipeline indefinitely after G7 leaders agreed to cap Russian oil prices as the Kremlin continues its war in Ukraine. Natural gas prices are at record levels, XNGUSD is 8.92.
🇨🇳🇺🇸Markets are also facing more uncertainty due to tensions between the US and China. The Biden administration is considering steps to curb US investment in Chinese tech firms and allow tariffs on Trump-era imports to be maintained while fees are reviewed.
🇬🇧In the UK, members of the Conservative Party are expected to name Liz Truss as their leader, paving the way for her to become prime minister. Her plan to "recharge" the economy through tax cuts is already worrying investors amid high inflation. The British pound weakened against the US dollar, now it’s 1.1467.
😱Hackers stole about $185,000 worth of Ethereum from actor and comedian Bill Murray's crypto wallet hours after Murray raised funds at an NFT charity auction.
Have an amazing trading day! ✨
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