Oil Begins Q3 on a Positive Note Ahead of Driving Season

View this email online. Oil Begins Q3 on a Positive Note Ahead of Driving Season Crude oil prices started July with some gains on Monday, as hopes for strong northen-hemisphere summer demand and ongoing output cuts put a floor under the market even after a strong month of gains. READ MORE Market Analysis ​The FTSE 100 rallies back to the 55-day simple moving average (SMA) at 8,226, having on Friday slid to 8,149 in line with a generally weaker European session ahead of this weekend’s first round of the French legislative elections. READ MORE   The first round of the French elections saw the right-wing National Rally (RN) party pick up nearly 34% of the vote, as widely expected, with the left-wing New Popular Front polling just over 28%, and President Macron’s incumbent alliance placing third with around 21%. READ MORE   The non-farm payroll (NFP) figure is a key economic indicator for the United States economy.  READ MORE The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. READ MORE Gold has traded within a defined range over the past three months with neither buyers nor sellers able to gain the upper hand.  READ MORE Current data shows a mere 17.15% of retail traders holding long positions, with shorts outnumbering longs by nearly 5 to 1.  READ MORE Trading Skills Enhancement TRADING EDUCATION Learn to trade with DailyFX and take your trading knowledge and confidence to the next level. Whatever your trading experience is, our expert analysts and market writers can help you navigate a range of market conditions and trading styles, setting you on the road to consistent trading. Our online education is divided into three sections according to experience level   LEARN MORE TRADING TOOLS View current trader sentiment and discover who is going long and short, the percentage change over time, and whether market signals are bullish or bearish with IG Client Sentiment.   LEARN MORE Use our economic calendar to explore key global events on the horizon that could subtly shift or substantially shake up the financial markets.   LEARN MORE CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Kind regards DailyFX dailyfx.com Cannon Bridge House, 25 Dowgate Hill, London, United Kingdom, EC4R 2YA. Trading financial instruments, including leveraged foreign currencies, carries a high degree of risk and your losses may exceed your deposits. Trading is not suitable for all. You should carefully consider whether trading is right for you in light of your investment experience and financial resources. Past performance is not indicative of future results. This commentary is for general informational purposes and does not constitute advice or a solicitation. While DailyFX has taken reasonable measures to verify the accuracy of the information herein, DailyFX makes no guarantee as to its accuracy or completeness. This information is subject to change at any time without notice. DailyFX is not liable for any loss or damage which may arise from the use of any information in this commentary. Please read the full Risk Disclosure, as well as our Privacy Policy. You received this email because of your relationship with DailyFX. To manage your preferences or unsubscribe from our marketing communications click here.   © 2024 IG