Daily Market Analysis

Sterling erased its post-election losses and rose to 1…

The US dollar extended its losses across the trading desk on Friday as major central banks worldwide shifted toward a more hawkish tone…

Oil prices extended gains for a six-straight day after falling near 20% since mid-May when OPEC and non-OPEC producers extended their output reduction deal until March 2018, but with lesser than expected cuts…

The US dollar shuddered to its lows as central bankers’ bias turned tighter…

In the absence of the news catalysts over the weekend, the market moves were subdued in Asia today…

In recent years, bitcoin has become an all-time favorite asset of many traders due to its fast appreciation…

Brent oil futures have extended their decline below $46 per barrel – a nine-month low as rising supply offsets efforts by OPEC and other major oil producing countries to drain a glut…

On the USD/JPY daily chart, target 88…

These last two days passed without any key data releases, but with more UK political uncertainty (the UK government is still not formed), an extremely dovish Mark Carney overlaid with a significant downfall in oil prices…

Recommendations: BUY 1,291 SL 1,2855 TP1 1,291 TP2 1,294, SELL 1,264 SL 1,2695 TP1 1,251, TP2 1,245…

Fed Dudley was a superstar of yesterday’s trading sessions. In the absence of any significant economic data overnight, the market’s focus was on Fed member Dudley who gave an upbeat assessment to the US economy and forecasted a further increase in inflation rate due to tightening of the labor market.

 USD/JPY is trading a little bit higher this morning at 110…