Slobodan Drvenica 222 posts 0 comments

WTI oil opened with 25 pips gap higher on Monday and rallied to the highest level ($63.78) since 1 May, boosted by rising tensions in Persian Gulf and signals that OPEC+ group would probably maintain production cut. Though rhetoric from…
Read More...

The Australian dollar rallied in early Monday’s trading, boosted by unexpected election victory of country’s center-right coalition. The pair opened on Monday with gap-higher and advanced above 0.6900 barrier, recovering last week’s 1.8%…
Read More...

Disappointing news about the crash of Brexit talks between the UK’s two biggest political parties and rising pressure on PM May would step down, likely in June, further sores pound’s sentiment. Cable fell further on Friday and holding just…
Read More...

The Australian dollar extends steep fall of this week to new four and a half month low on Friday, weighed by increasing odds for rate cut as early as June and rising fears of escalation of US/China trade conflict. The pair is on track for…
Read More...

Downside risk increases as Euro extends weakness below trendline support (1.1180) and key Fibo point at 1.1169 (61.8% of 1.1111/1.1263), after double upside rejection at 30SMA (Wed / Thu). Weaker pound on fresh negative news regarding…
Read More...

Cable holds firmly in red and extends weakness close to key support at 1.2773 (Fibo 61.8% of 1.2397/1.3381) on Friday. The pair is on track for the second consecutive weekly close in red and the biggest one-week fall in two months that…
Read More...

The pair fell back to 109.50 zone (approx. the mid-point of this week’s range) on fresh safe-haven buying as markets fear an escalation of US/China trade tensions after China signaled a lack of interest in resuming trade talks with the US…
Read More...

The Aussie dollar bounces from new low at 0.6891 (the lowest since 3 Jan) in corrective action as daily stochastic reverses from oversold territory. Overall picture remains bearish on both, daily and weekly chart and favors further…
Read More...

Cable accelerated lower in early European trading on Thursday and hit new three-month low, driven by negative sentiment on rising pressure on PM May to step down. Decision to hold another parliamentary vote on Brexit (likely in early June)…
Read More...

The Euro stands at the back foot at the beginning of the US session on Wednesday, despite solid EU / German GDP data and disappointing US retail sales. German GDP rose 0.4% in Apr while EU figures came in line with expectations, but US…
Read More...