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  • BRENT OIL continues to advance on persisting uncertainty in the Middle East
  • BTCUSD hits the highest in almost four months following rally of over 20% in past three days
  • EURUSD – bulls take a breather ahead of fresh advance
  • GOLD rises over 3% on weaker dollar
  • UK inflation jumps to four-month high in July
  • DOLLAR INDEX breaks key supports
  • GOLD – bulls take a breather under new multi-week high ahead of US economic data
  • US inflation eases in July
  • Brent price falls after recovery failed to clear important $90 barrier
  • Reserve Bank of Australia keeps rates unchanged but signals possible further policy tightening

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Technical Outlook

BRENT OIL continues to advance on persisting uncertainty in the Middle East

Slobodan Drvenica Aug 21, 2026
Technical Outlook

BTCUSD hits the highest in almost four months following rally of over 20% in past three days

Slobodan Drvenica Aug 21, 2026
Economy

German services sector’s November performance was the weakest in nine months – PMI

Slobodan Drvenica Dec 4, 2024
The recent contraction of Germany's service sector in November marks a concerning economic shift, as highlighted by the HCOB final services PMI, which dipped to 49.3 from 51.6 in October. This decline, below the 50-point threshold that…
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Technical Outlook

Australian Dollar falls to 4-month low on weaker than expected GDP data

Slobodan Drvenica Dec 4, 2024
AUDUSD fell 1% to four-month low on Wednesday, after weaker than expected Australia’s Q3 GDP data, deflated RBA’s hawkish stance. Significantly weaker than expected economic growth in the third quarter and holding well below RBA’s…
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Technical Outlook

WTI oil – look for direction signal on breach of $68.00 or $70 triggers

Slobodan Drvenica Dec 2, 2024
WTI oil price rose over 1% on Monday after better than expected China’s manufacturing data boosted positive sentiment, while fresh concerns about the Middle East ceasefire collapse, add support. Fresh gains peaked above $69.00 mark but…
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Technical Outlook

Bitcoin eases but overall picture remains bullish above 90K and keeps 100K target in focus

Slobodan Drvenica Dec 2, 2024
Bitcoin price fell 2.6% in Asian / European trading on Monday, after the dollar received fresh boost from the latest comments from Donald Trump. Although today’s dip was the biggest in one week, the price so far stays above significant…
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Technical Outlook

Dollar rose in reaction to shift in Trump’s rhetoric

Slobodan Drvenica Dec 2, 2024
The dollar index edged higher after opening with gap higher on Monday, lifted by a significant shift in rhetoric pf President-elect Donald Trump, who turned his aims for weaker dollar to fight trade war, to threats to BRICS member countries…
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Technical Outlook

Gold price rises on renewed geopolitical tensions, break above rising daily cloud needed to validate…

Slobodan Drvenica Nov 29, 2024
Gold jumped on Friday (up 0.7%) until early US trading as fresh rise in geopolitical tensions boosted safe haven demand. Friday’s acceleration generated clearer direction signal after the action in past three days showed a gradual…
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Technical Outlook

USDJPY cracks pivotal 150 support zone on growing expectation for BOJ rate hike

Slobodan Drvenica Nov 29, 2024
USDJPY fell to six-week low on Friday, in fresh acceleration lower after stronger than expected inflation rise in Tokyo in November, boosted expectations for Bank of Japan’s rate hike in the policy meeting next month. Fresh…
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Technical Outlook

EURUSD looks for near-term direction signals

Slobodan Drvenica Nov 28, 2024
EURUSD edged lower in early Thursday’s trading, retracing a part of Wednesday’s 0.8% rally, but dip was so far limited by broken 10DMA (1.0524, reverted to support). Near term action is expected to remain biased higher while holding…
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Technical Outlook

Bitcoin bounces over 3% after recent pullback found footstep just above 90K support

Slobodan Drvenica Nov 27, 2024
Bitcoin bounced from correction low (90732), advancing 3.1% until early American trading on Wednesday. Fresh strength emerged after a four-day pullback from new record high (99807) found firm ground just above psychological 90K support…
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Technical Outlook

USDJPY – bears gained traction and violate strong support zone

Slobodan Drvenica Nov 27, 2024
USDJPY extends fresh bearish acceleration into second day and fell 1.1% during Asian / European trading on Wednesday. Increased demand for yen at the end of month as well as end fiscal year was the main driver of the pair, along with…
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Latest Posts
  • BRENT OIL continues to advance on persisting uncertainty in the Middle East
  • BTCUSD hits the highest in almost four months following rally of over 20% in past three days
  • EURUSD – bulls take a breather ahead of fresh advance
  • GOLD rises over 3% on weaker dollar
  • UK inflation jumps to four-month high in July

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