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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
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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
Technical Outlook

AUDUSD holds near one-month low ahead of Australian labor report release

Slobodan Drvenica Oct 16, 2024
AUDUSD came under increased pressure in past few sessions with fresh acceleration lower on Wednesday, pushing the price to one month low (0.6668). Break through 100DMA (0.6693) and penetration of rising thick daily Ichimoku cloud…
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Technical Outlook

Gold – bulls hold grip for retest of new record high

Slobodan Drvenica Oct 16, 2024
Gold price came just ticks ahead of new record high ($2685) during European trading on Wednesday, in fresh extension of bull-leg from $2602 higher low of Oct 10 and the bottom of corrective phase from $2685. The metal remains strongly…
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Technical Outlook

GBPUSD dips below 1.30 on weaker than expected UK CPI numbers

Slobodan Drvenica Oct 16, 2024
Cable accelerated lower and cracked psychological 1.30 support, to hit the lowest in almost two months in early Wednesday. Sterling was down 0.8% in immediate reaction to economic data which showed that UK inflation fell more than…
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Economy

UK inflation falls below expectations in September adding to BoE rate cut bets

Slobodan Drvenica Oct 16, 2024
The latest inflation data from the UK, which shows a sharp drop in both headline and core inflation, is setting the stage for potential interest rate cuts by the Bank of England (BoE). Annual consumer price inflation fell to 1.7% in…
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Economy

German investor morale recovers above expectations in October – ZEW

Slobodan Drvenica Oct 15, 2024
The ZEW Economic Sentiment Index for Germany showed a notable improvement in October, rising to 13.1 points from 3.6 points in September, significantly surpassing expectations of 10.2 points. This improvement in investor morale was driven…
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Technical Outlook

Oil prices fall further on demand concerns but geopolitics remain supportive

Slobodan Drvenica Oct 15, 2024
Oil price extends steep decline into the second consecutive day and hit two week low in early Tuesday, after the price fell nearly 4% on Monday. Oil was deflated by weaker demand outlook and signals that Israel will not strike Iranian…
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Technical Outlook

EURUSD – increased downside pressure below daily cloud but bears may face headwinds from…

Slobodan Drvenica Oct 15, 2024
EURUSD dipped to new two month low early Tuesday, remaining under pressure from risk aversion on China’s latest stimulus news and wide expectations of ECB rate cut by 25 basis points on Thursday. After registering a daily close below…
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Technical Outlook

XAUUSD – bulls to remain in play above $2600

Slobodan Drvenica Oct 14, 2024
Gold price rose to the highest since Oct 4 on Monday, in extension of strong rally last Thu/Fri, inflated by the latest decision by China to further boost its stimulus to the economy. The news sparked fresh risk aversion by signal that…
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Technical Outlook

Cable – bearish bias under daily cloud top

Slobodan Drvenica Oct 14, 2024
Bears hold grip and keep the price within daily cloud for the third straight day, with cloud top acting as solid resistance and limits upticks. Renewed probe through 1.3049 (50% retracement of 1.2664/1.3434) looks for eventual firm break…
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Technical Outlook

BTCUSD – fresh bulls broke through 200DMA which capped the action for two weeks

Slobodan Drvenica Oct 14, 2024
BTCUSD regained traction on Monday and resumes bull-leg off 58850 (Oct 10 low) after two-day pause. Fresh advance broke through 200DMA (63302) which capped the action in past two weeks, advancing around 3.5% during Asian and European…
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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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