China's Unipec: will have to reduce Iranian oil imports - Reuters

Comments from China's Unipec, the trading arm of state oil major Sinopec, are crossing the wires via Reuters:

  • China will have to reduce Iranian oil imports, but the volume has not been decided
  • Crude oil t $60-$80/barrel is normal
  • China-US trade war tensions to be temporary

GBP/JPY Technical Analysis: Defense of 200-hour MA could produce a minor bounce

Hourly Chart Spot Rate: 147.27 Resistance: 147.38 Support: 146.95 Trend: Mildly bullish Resistance R1: 147.61 (23.6% Fib R of Friday's drop)
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EUR/USD: Wider US-DE yield spreads and risk-off could cap upside ahead of Fed

The EUR/USD created an inverted hammer on Friday, as the weaker-than-expected September Eurozone PMI readings pushed the US-German yield differentials
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