The Asian session has paved an upward trend for commodities and stock markets after the release of spectacular figures on the Chinese economy. The growth in industrial production and retail sales, the two key drivers of the economy exceeded expectations, while GDP for the second quarter grew by 6.9% compared to the same period last year....
Daily chart: the price bounced off the broken downtrend, the horizontal level + is now forming a "bullish absorption" candle model. Multiple signals at one price point. We are waiting for further development.
The European currency made piece with the US dollar for several days maintaining relative equilibrium around 1.14. Two major rivals suspend struggle amid a leveling yield curve in the German and US bond markets. Talking heads optimism over global growth momentum caused investors to dampen low-yield bonds while the release of the weak report of the NFP and Fed...
Crude oil dismissed the EIA report on commercial reserves, which showed a decline of 6.3M barrels with a forecast of -2.2M barrels. Prices lost more than 2.5% on Friday, as Russia ruled out the possibility of further production cuts, while the general strategy of the American oil industry's struggle for market share remains offensive. Oil prices in this case will...
