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

Gold price nears record high ahead of US inflation data

Slobodan Drvenica Sep 11, 2024
Gold price rose for the third consecutive day and came ticks ahead of new all-time high in early Wednesday’s trading. Markets await the release of US August CPI report to complete the picture ahead of Fed policy meeting next week. If…
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Economy

China’s exports rose well above expectations in August but weaker imports soured the sentiment

Slobodan Drvenica Sep 10, 2024
China's trade data for August presents a mixed picture, with strong export growth contrasting sharply with disappointing import performance. Exports surged by 8.7% year-on-year, the fastest pace in nearly 18 months, suggesting that Chinese…
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Technical Outlook

EURUSD faces again strong headwinds at pivotal Fibo support

Slobodan Drvenica Sep 10, 2024
EURUSD is pressuring pivotal support at 1.1040 (Fibo 38.2% of 1.0781/1.1200 bull-leg), after facing several rejections at this level recently. Tuesday’s action is so far holding in a narrow range, following a strong fall in past two…
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Uncategorized

Dollar regained traction after mixed US labor data, awaits CPI report, the last key economic release…

Slobodan Drvenica Sep 9, 2024
The dollar index rose on Monday after almost equal bets for 25 or 50 basis points Fed rate cut diverged in favor of less aggressive option, cooled by mixed US jobs data which point to orderly slowdown in US labor market. Although the…
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Technical Outlook

WTI oil – bears pause after last week’s 7.3% drop

Slobodan Drvenica Sep 9, 2024
Oil price ticked higher on Monday and holding within a narrow consolidation, following 1.8% drop on Friday, sparked by disappointing US jobs data. Mild rise in early Monday came from a partial profit taking and signals about potential…
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Technical Outlook

Gold continues to move within larger range, eyes US inflation data for fresh signals

Slobodan Drvenica Sep 9, 2024
Gold remains at the back foot at the start of the week, after Friday’s 0.8% drop and a weekly close below $2500. The metal’s price was deflated by US labor data on Friday, as employment increased below expectations but unexpected drop in…
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Economy

US job growth accelerated in August but missed expectation – NFP

Slobodan Drvenica Sep 6, 2024
Today’s NFP report, the most significant of few reports from the US labor sector released this week, showed that nonfarm payrolls increased by 142,000 jobs in August, compared to downwardly revised July figure (89K from initial 114K), but…
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Economy

German industrial production unexpectedly falls in July, sparks recession fears

Slobodan Drvenica Sep 6, 2024
German industrial production fell by 2.4% in July, compared to upwardly revised 1.7% increase in June and strongly beat consensus for 0.4% decline, cooling expectations for economic recovery Data released on Friday dampened hopes for…
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Technical Outlook

Bitcoin – bears tighten grip, adding to developing reversal signal

Slobodan Drvenica Sep 6, 2024
BTCUSD is trading near one-month low in early Friday, holding in red for the fourth consecutive day and on track for the second weekly loss. Initial signals of formation of reversal pattern on larger timeframe (weekly) on a series of…
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Technical Outlook

GOLD – bulls return to play, US jobs data eyed for near-term direction

Slobodan Drvenica Sep 5, 2024
Gold shined on Thursday, advancing around 0.85% and reversing the largest part of corrective pullback from new all-time high ($2531) which found a solid ground at strong $2470 support zone, where a higher base is forming. The yellow…
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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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