The economic calendar this week is stingy with important events, market is waiting for the release of durable goods, which will showcase the consumer sentiments and confidence.
Pressure on the British currency will be balanced by the peaceful comments of the central bank heads in of the United States and Europe. The two major forces will discuss the key issues about the development of monetary policy on Friday.
The largest shale mining concern sells their assets which could give way to OPEC take over the Oil market. Is the price of rivalry really this steep?
The prospects for a rebalance on the market are likely to be hindered mainly due to the revival of shale production in the US.
The Oil drops as Iran boosts market share, meanwhile Chinese stocks have a good start to the week, as the Pound drops hard.