US crude oil inventories recorded a surprisingly sharp decline of 11.5 million barrels last week, Commerzbank’s commodity analyst Carsten Fritsch notes. WTI price is catching…
Bullish Entry Points: Potential Buy: When the price approaches 0.0250 – 0.0253, with technical confirmations of a rebound appearing. Continued Buying: After strong reversal signals…
Retail Sales in the US fell more than expected in May. The USD Index stays in a tight daily range near 98.00. Retail Sales in…
Israel attacks Iran overnight, targeting nuclear officials and military sites. Trump pushes Iran to make a nuclear deal, but negotiations are likely over. Oil prices…
Further Pound Sterling (GBP) weakness is not ruled out against US Dollar (USD); oversold conditions suggest any decline may be limited to a retest of…
The International Energy Agency published a report on investments in the energy sector yesterday, Commerzbank’s commodity analyst Carsten Fritsch notes. US shale Oil production is…
The Japanese Yen attracts sellers for the second straight day in reaction to disappointing domestic data. The optimism over the resumption of US-China trade talks…
US Dollar (USD) could continue to weaken against Chinese Yuan (CNH); any further decline is unlikely to break below 7.1600. In the longer run, mild…
The US JOLTS data will be watched closely ahead of the release of the May employment report on Friday. Job openings are forecast to edge…
USD/CHF softens to around 0.8230 in Friday’s early European session. Persistent trade-related uncertainties boost the safe-haven flows, supporting the Swiss Franc. US April Personal Consumption…