Oil prices ease from new multi-month high but larger bulls remain firmly in play
Brent oil opened with gap-lower on Monday, easing from the highest in nearly seven months, hit last Friday, pressured by fresh hopes of potential easing of hostilities between the US and Iran.
The pullback was so far limited (the price…
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Eurozone growth slows below expectations in October – PMI
Eurozone preliminary Composite PMI Index, which tracks performance of both Manufacturing and Services sectors, fell to 51.9 in October (the lowest since July) from 53.1 in September and undershot 52.7 consensus.
Significant growth…
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BRENT OIL extends steep rally on deteriorating geopolitical situation
Brent oil rose to the highest since early May on Friday, extending strong bullish acceleration from $110 zone into second consecutive day (the contract advanced 2.6% on Thursday and additional 1.4% on Friday morning).
Growing threats…
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Gold – bears regain control and eye key $4000 support
Gold fell to two-week low on Thursday on repeated attempt through $4100 support, as oil prices climb further on signals of escalation of the conflict in the Middle East.
Rising inflation (the latest US data showed that CPI & PPI…
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USDJPY – Fresh weakness breaks below the floor of four-week range
USDJPY fell sharply during late Asian/early European trading on Thursday (down 0.8%) and attempts to break below multi-day range, after the action was repeatedly capped by daily cloud top / 200DMA.
Fresh drop weakens the structure on…
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EURGBP hits new multi-month low
EURGBP continues to trend lower and falls to the lowest since late May 2025 on Wednesday.
The Euro was pressured by rise of French 10-y bond yields to the highest in over four years and further stretch of French German yield spread,…
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Aussie dollar accelerates higher on hawkish comments from RBA
AUDUSD jumped to three-week high on Wednesday, advancing almost 0.5% in Asian/early European trading, lifted by comments from RBA official about worsening inflation outlook that boosts the central bank’s existing hawkish stance.
Fresh…
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British inflation rises more than expected and hits the highest since Oct 2025
British consumer prices rose by 3.5% in twelve months to September (the highest since October 2025) following 3.1% increase in August and ticked above 3.4% forecast, while monthly inflation cooled a bit with 0.4% increase in September after…
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German producer prices rose above expectations in September
German producer prices (PPI) rose by 6.7% in in twelve months to September from 4.6% in August and beat expectations for 6.3% increase, while monthly PPI was up by 1.9% from 1.1% previous month and above 1.5% consensus.
Rise in prices of…
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EURUSD – weak economic data and fragile political situation likely to cap recovery
EURUSD stays constructive on Tuesday after recovering from Monday’s gap-lower opening and dip below 1.12 handle, reinforced by 10DMA, but so far lacks strength for fresh attack at falling 20DMA (1.1257) which capped Friday’s rally.…
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