USDJPY neared 155.00 barrier on Tuesday, as the latest bullish acceleration extends into fifth straight day. The dollar continues to benefit from growing signals about the strength of the US economy which may further delay the start of Fed rate cuts, while yen remains under increased pressure from strong dollar and a wide gap between monetary…

EURUSD edges higher from new 5 ½ month low 1.0602) on Tuesday, as strongly oversold daily studies prompted profit-taking. Near-term sentiment turned fully bearish, and the action weighed by a large weekly bearish candle (the par was down 1.8% last week). Upticks should provide better selling levels, with solid barriers at 1.0700 zone (former…

The dollar continues to strengthen against its major peers, extending the steep upleg into fifth straight day and posting new five month high in early Tuesday. The latest economic data from the US showed stronger than expected rise in retail sales, adding to signals that the US economy is in good condition, after recent robust labor data…

Monday’s recovery attempt after the pair fell by 1.1% on Friday, was limited and likely short-lived, as renewed risk appetite on easing fears about escalation of the conflict in the Middle East, was offset by better than expected US retail sales data, which contributed to hawkish stance about Fed interest rates. Near-term focus remains at the…

Bitcoin extends strong bounce from new multi-week low ($60227), recovering over 50% of last Fri/Sat almost 12% fall and sidelining downside threats for now. Fresh rally emerged above thick daily cloud, with close above cloud top ($64710) seen as initial bullish signal and minimum requirement to keep near-term action biased higher, however more…

USDJPY resumes uptrend on Monday, after a brief pause last Thu/Fri and hit new multi-decade high, just ticks ahead of 154.00 round-figure barrier. Bulls hold grip despite increased pressure from overbought studies, with last week’s close above former pivotal barriers at 152.00 zone, adding to bullish signals. Initial resistances lay at…

Gold keeps firm tone in early Monday, despite strong pullback from new record high ($2431) in late Friday trading. Growing geopolitical tensions and fears of escalation of the conflict in the Middle East continue to fuel demand for safe haven bullion, with strong buying from the central banks and prospects of Fed rate cuts in coming months,…

Cable fell to the lowest in nearly five months on Friday, following fresh bearish acceleration through psychological 1.2500 support and Fibo level at 1.2465 (50% retracement of 1.2037/1.2893 uptrend. Breach of a multi-month range floor (1.2518) weakens the structure and increases risk of deeper fall on completion of a double-top pattern on…