WTI oil drops 2% on signals of further OPEC+ production increase
WTI oil price remains in red for the third consecutive day and accelerated lower on Tuesday, losing about 2% of its value during Asian / early European trading.
Oil price was initially deflated by optimism about potential US-China trade…
Read More...
Read More...
German consumer sentiment falls further in November
The Gfk survey released on Tuesday showed that consumer sentiment in Germany is expected to deteriorate further heading into November, weighed down by sharply declining income expectations, a survey showed on Tuesday.
GfK consumer…
Read More...
Read More...
GOLD price dips below critical $4000 support zone, deeper dips to provide better levels to re-join…
Gold fell around 3% on Monday and broke below critical $4000 support, deflated by fresh risk appetite on growing optimism over coming US-China trade talks.
Easing trade tensions between world’s two largest economies provides temporary…
Read More...
Read More...
Fresh risk appetite lifts Australian dollar to two-week high
AUDUSD opened with a gap higher and hit two-week high in almost 1% advance in early Monday trading.
Fresh risk appetite dominated in the market at the start of the week, as growing optimism of US-China trade deal, fueled demand for…
Read More...
Read More...
GOLD holds above $4100 following limited reaction on US CPI; FOMC meeting and PCE data next week…
Gold jumped after US inflation report which added to strong expectations for Fed rate cut next week, as inflation rose slightly less than expected in September.
However, September’s CPI numbers were insufficient to spark stronger rally,…
Read More...
Read More...
US inflation rises slightly less than expected, adding to expectations for Fed rate cut next week
US inflation rose 0.3% in September, below 0.4% forecast after climbing 0.4% in August, while annualized CPI increased 3.0% vs consensus for 3.1% rise, compared to 2.9% in rise previous month.
Core CPI, which excludes volatile food and…
Read More...
Read More...
USDJPY – bulls hold grip and pressure key barriers ahead of US inflation data
USDJPY - fresh bull-leg that emerged from last week’s correction low (149.37) extends into sixth straight day and cracks psychological 153.00 barrier on Friday.
The pair keeps firm tone as dollar benefits from the difference between Fed…
Read More...
Read More...
CRUDE OIL price jumps 3% as US imposes sanctions on leading Russian oil suppliers
WTI oil opened with gap higher and rose around 3% during Asian / mid-European session on Thursday, lifted by the latest decision of President Trump to impose sanctions on two major Russian oil suppliers.
The US decision comes at the same…
Read More...
Read More...
EURUSD – bearish bias below daily cloud
The Euro eased on Thursday morning and signal that near-term bears off 1.1728 (Oct 17 lower top) are regaining control after limited and short-lived recovery attempts on Wednesday.
The price has established below relatively thick daily…
Read More...
Read More...
SILVER – Sharp pullback may extend as near-term sentiment is negative
Silver stabilized after finding temporary footsteps at important Fibo support at $47.60 (38.2% retracement of $36.20/$54.64 rally).
Fresh bears take a breather after massive loss on Tuesday, when the metal’s price fell 7%, in the biggest…
Read More...
Read More...