Slobodan Drvenica 1664 posts 0 comments

Riskier currencies, European stocks, and gold fell sharply on Monday, while the dollar and Japanese yen benefited from a fresh wave of risk aversion triggered by signals that the UK is considering a second lockdown. The situation in the…
Read More...

The cross accelerates lower (down 0.95% since opening in Asia) as worsening conditions with Covid-19 and signs that UK government considers second lockdown, slashed risk appetite on Monday and boosted demand for safe-haven yen. Fresh fall…
Read More...

The Euro fell on Monday morning (down 0.45%) dragged by weaker pound on lockdown talks and fresh risk aversion. Larger bulls were strongly rejected at 1.20 barrier, but remained in play as double weekly Doji signaled strong indecision,…
Read More...

Cable keeps weak tone in early Monday, following triple failure at psychological 1.30 barrier last week. Friday’s action closed in red and within thick daily cloud, raising fears that probe above cloud was short-lived and reversal could be…
Read More...

The dollar holds firmly in red vs yen for the fifth straight day and on track for a weekly fall of approx. 1.6% (the biggest weekly drop since the second week of June. The dollar suffered from dovish Fed,  risk mode and downbeat US data…
Read More...

The dollar weakened and its major counterparts rose this week, as risk mode dominated. The weaker greenback pushed gold and crude oil higher, while global stocks traded in mixed mode. On Tuesday, upbeat Chinese data signalled that the…
Read More...

Cable steadies above thick daily cloud and just ticks below psychological 1.30 barrier in early European session on Friday. Sterling quickly recovered from over 100-pips dip on Thursday after the BOE announced preparation for possible…
Read More...

The dollar stands at the back foot in early European trading Friday after strong fall on Thursday. Initial gains on Fed’s upgraded forecast for GDP growth evaporated as the green back came under increased pressure on downbeat US data on…
Read More...

WTI oil hit two-week high on Thursday in extension of Wednesday’s 4.4% advance, inflate by significant drop in US crude stocks. Oil holds in green for the third straight day, as bullish acceleration was sparked by the tropical storm…
Read More...

Cable fell 0.6% in immediate reaction to signals that the Bank of England announced that sub-zero rates scenario may become realistic. The central bank kept rates and its main stimulus program unchanged with possibility of enlarging its QE…
Read More...