Global stocks and commodities rebounded ahead of one of the most awaited economic events of the week Jackson Hole symposium.
Tamas Varga, an analyst at brokerage PVM oil Associates Ltd. said: "Although a truce has been called between U.S. and China, global manufacturing is in very bad shape".
WTI is back below 58 USD, erasing all post trade-truce and OPEC deal gains.
JP Morgan Manufacturing appears to become bearish (under 50).
US production date seems to rise.
The Australian dollar recovered from the previous week losses against the US dollar. The currency pair plunged to a more than a 10-month low of 0.7106 on Friday.
Good traders manage the downside; they don’t worry about the upside- Mark Minervini.
AUDNZD slip to a fresh monthly low of 1.0433, I expect the pair is likely to see more volatility going forward.