BTCUSD – extended sideways mode between falling daily cloud and Tenkan-sen
BTCUSD remains in a sideways mode for the past few sessions, showing mild reaction on geopolitical developments and recent key economic data (US inflation) with focus shifting towards major central banks.
Near-term action remains…
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Brent price eases from new multi-week high on signals of potential diplomatic action
Brent price spiked to five-week high on Monday after gap-higher opening and break above psychological $90 barrier, in extension of last week’s 13% advance, before quick pullback of about $5 that reversed all overnight gains.
Geopolitics…
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Oil price rises after a brief consolidation
Oil prices regained traction and rose on Friday, advancing over 1.5% during European session, after being in a quiet mode in past two days.
Double tight Doji candles on Wed/Thu signaled that traders were on hold after the latest rally…
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GOLD probes again through key $4000 support
Gold trades below $4000 level on Friday following Thursday’s break and daily close below this level (the first close well below the mark since 6 November 2025), after the price moved around 4K for almost one month, but all attacks failed to…
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DOLLAR INDEX weakened on softer than expected inflation data but larger bulls remain in play while…
The dollar index regains traction after suffering losses in past two days, sparked by softer than expected US inflation data for June (CPI, PPI) that cooled expectations for Fed rate hikes.
Wednesday’s break of trendline support (100.40)…
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EURGBP – bears take a breather above 13-month low
EURGBP edges higher in early Thursday after hitting 13-month low following 0.8% drop on Wednesday (the biggest daily loss since June 22), when the pound was strongly lifted by signals that new PM Burnham will pick a fiscally conservative…
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US Producer Prices unexpectedly drop in June
US producer prices (PPI) unexpectedly fell in June, adding to signals that inflation was retreating during the period of ceasefire before the latest escalation in the Middle East conflict.
The Producer Price Index increased 5.5% y/y in…
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China’s economy grew at the slowest pace in over three years in Q2
China's economy grew at its slowest rate in more than three years during the second quarter, falling short of expectations as weak household consumption overshadowed resilient manufacturing and export performance. The slowdown has renewed…
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US Consumer Prices ease more than expected in June but relief is likely to short-lived
US inflation increased by 3.5% y/y in June after surging 4.2% previous month (the biggest increase in over three years) and fell below 3.8% forecast, while monthly CPI fell 0.4% last month after 0.5% rise in May and beat expectations for…
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BRENT OIL hit one month high as situation in the Middle East escalates further
Brent price rallies for the second consecutive day on intensifying hostilities between the US and Iran that resulted in closure of strategic Strait of Hormuz and fueled fears about prolonged supply disruptions that may send fresh shockwaves…
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