Brexit restrains the growth of the UK economy, as the Dollar is off to a good start of the week.
This range is like a compressed spring – the more one holds it, the stronger it shoots. The question is where to?
The US Dollar gained bidding momentum on the Trump pledged to unveil a complete overhaul of taxation system within the next couple of weeks.
The Dollar creeps up with caution, as oil extend declines on US inventories report.
Dollar tumbled before the FED on Trump rhetoric, Oil plunges on API report.
Bank of Japan leaves key rates unchanged, Trump fires acting AG on disobedience.
The US currency floats near the buffer area before Trumps updates. In the meantime, Oil turns downside on the gloomy API report.
Dollar bears retreat on profit taking, as the currency index has dipped below 100 level with the support of Asian traders on Tuesday.
The ECB baulks hopes, as no signal for folding stimulus, has been given. Dollar gains before Trump swear in.
$55 a barrel crude remains “far away from the equilibrium price.” Rouble keeps “moving” above the broken descending weekly channel and prices, making the trades risky.
Trump sends his love to Chine with another assault, as Dollar plunges. May ” to China, Dollar plunges. May says she’ll put final Brexit deal to vote in both Houses of Parliament.
The prospects for a rebalance on the market are likely to be hindered mainly due to the revival of shale production in the US.
We have an interesting thing going on with WTI: the price touched the broken level of 52.50 and pulled back from it.
The US Dollar retreats on profit taking, as Oil renew advances when production cut fuel prices growth.
USD/JPY has formed a white candlestick, which goes well with Christmas time, while Oil broke the resistance formed by OPEC.