Oil extended declines ahead of OPEC meeting today

Ahead of today OPEC meeting crude oil extended declines. Asian stocks had a setback after recent strong gains, the MSCI was down 0.2 percent and Japan’s NIKKEI dropped close to 1 percent pressured by a stronger yen. The Australian stocks retreated 1percent in the early session yesterday, Hang Seng added 0.4 percent.
The dollar index remained subdued Monday after touching 93.824 in early trading, its lowest level in the last 12 months. The greenback continued to slide against the yen as markets are now waiting for the Federal Reserve meeting on Tuesday and Wednesday.
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Fundamental Analysis 28 June 2017

In the UK, supermarket owners celebrate the industry's highest growth rates in five years. Sales growth is impressive: 5% over the last three months, while food prices grew by 3.2%. Also, yesterday the Bank of England released Financial Stability Report, which occurs just twice a year and this data is influential for UK economy. Read more about another economy news on site right now! goo.gl/5mWVka

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USD at key support as buyers struggle

USD continue to lose position, in commodities gold grows, so bulls will find how to use geopolitical instability as support for attacking the key 1300. Crude oil currently continue go lower, because of it traders must checking it position more attentively. Read more on site right now! goo.gl/53Ka6s

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Terror attacks in Spain adds unease in global markets

After terrorist attack in Spain Asian stocks slid globally and the dollar wavered on the concerns that President Trump will not be able to fulfil his economic agenda. In the commodities market, oil prices pulled back after recent gains. U.S crude dropped 0.3 percent in the early session and the global benchmark Brent slid 0.4 percent to $50.85 per barrel in early trading today. Read more on cite! goo.gl/bUkBX3 Copy short URL

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