Oil (Brent Crude, WTI) Analysis EIA crude oil inventories dropped more than expected last week WTI pullback extends – Deteriorating Chinese data, strong USD worsens oil outlook Brent crude oil drops – $82 mark and 200 SMA remain key levels to the downside The analysis in this article makes use of chart patterns and key
Gold, Silver Analysis Gold Extends Decline Ahead of US Inflation Print Gold extends declines midway through the week in what could land up being three consecutive weeks of declines. However, more recent price action appears detached from the commodity’s usual influencers, the US dollar and US treasury yields. The dollar benchmark or US dollar basket
USD/JPY Analysis, Chart, and Price USD/JPY closes in on June Peaks Weaker Chinese trade data has given the Dollar a lift Japanese demand weakness also knocked the Yen Recommended by David Cottle Download our Free Q3 Japanese Yen Forecast The Japanese Yen fell further against the United States Dollar on Tuesday, chiefly thanks to a
Share: WTI rose above $83.00 to its highest point since mid-April, seeing more than 1.70% gains. The WTI barrel will set a sixth consecutive winning streak, and indicators flash overbought conditions. The USD weakened following NFPs figures revealing a deceleration of job creation in July. At the end of the week, the West
The U.S. dollar is capitalizing on the risk aversion in global markets as investors seek out safe haven assets. DXY approaching key resistance levels. لینک منبع : هوشمند نیوز
Share: The GBP weakened on Tuesday against the USD as the Greenback gained ground against most of its rivals. Ahead of Thursday’s Bank of England (BoE) decision, the weak British made the GBP lose interest while markets await key labour data from the US. Economic data reported on the session from the US
Share: GBP/USD edges lower for the second straight day on Tuesday, albeit lacks follow-through. The USD climbs to a fresh multi-week top and turns out to be a key factor exerting pressure. The downside seems limited ahead of the BoE on Thursday and the US NFP report on Friday. The GBP/USD pair remains
US Dollar, DXY Index, USD, China PMI, Fed, AUD, NZD, Japan YCC, BoJ, HSI – Talking Points The US Dollar resumed strengthening again today as yields go north The Fed’s Kashkari hit the wires warning of potential labour market strains The Bank of Japan is allowing bond yields to go higher. Will that impact USD?
People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate. CNH is the offshore yuan. USD /CNH has no restrictions on its trading range. A significantly stronger or weaker rate than
TD is anticipating that the Fed will raise rates by 25 basis points, which will be the final increase. Even so, the analysts go on, the FOMC will likely continue to validate the dots while maintaining a hawkish tilt. It follows the tried-and-true “have your cake and eat it too” strategy. TD says they believe
