Long trade EUR (initiating position) looking for short covering. The mental stop at the lows.
Markets in Asia were mostly higher.
Markets in Europe are mostly lower.
Saudis say OPEC will not cut production unless everyone else cuts production.Â Since the U. S. is now a large producer and government mandated production cuts are not likely in the U. S., expect oil prices to be weaker.
Interest rates are range bound.