Analytics

Brent

Oil market has closed trading session on Wednesday with quite a good growth (Brent +2,2%, WTI +2,8%) due to release of positive data on oil inventories by Energy Information Administration. 

Analysis method - “Trend Potential”  

USDJPY

Analysis method - “Trend Potential”  

GBPUSD

Analysis method - “Gann Swings + Price Action”  

XAUUSD

Analysis method - “Gann Swings + Price Action”  

Global stock indices are trading in the red zone amid declining optimism about US-China trade negotiations.

Gold

Gold on Thursday is trading at a 0.2% decline. 

XAUUSD

Trade war headlines increased demand for the gold. Meanwhile, the Fed minutes confirmed that the Federal Reserve put on hold further rate cut.    

GBPUSD

In absence of any fresh UK political headlines traders turned their attention to Fed minutes which failed to provide any support for the dollar. 

EURUSD

Traders ignored Fed minutes as they failed to deliver any fresh clue regarding the next FOMC move.