Cable bounces from new multi-month low on Tuesday, boosted by better than expected UK services PMI data and hawkish stance from BoE policymakers, who signaled that rate cut might be delayed, as the central bank sees too early cut more harmful than to start easing policy too late. Brightened near-term outlook so far lifted the price above initial…

FTSE 100 index hit new marginally higher record high on Tuesday, as strong bullish acceleration extends into third straight day. Strong gains in UK defense stocks, food producers and retailers, along with weaker pound and rising commodity prices contributed to strong advance of blue-chip stock index. Bullish daily studies support the action,…

Bitcoin is consolidating in early Tuesday, after advancing 2.8% on Monday and remains constructive as the latest jump has generated positive signal on a marginal close above important barriers at $66144 (50% retracement of $72750/$59538) and $66330 (top of ascending daily Ichimoku cloud). Geopolitics and broader financial market sentiment remain…

Gold price fell around 2% on Monday as safe haven demand faded on calmer tones from the Middle East, which ease fears for conflict escalation. Traders partially collected profits after gold repeatedly failed to sustain gains above psychological $2400 level and bull-trap pattern is forming on daily chart. Fresh bears pressure the first pivots…

EURGBP extends strong rally into second straight day and hit the highest in 4 ½ months on Monday, as the pound was hit by dovish comments from BoE officials, who shifted their initial view and expect inflation to ease further and remain around the central bank’s 2% target for next couple of years. The pair was up 0.38% this morning, in extension…

WTI oil price fell to the lowest in almost four weeks in early Monday, following a short-lived spike higher on Friday, sparked ty Israel’s attack on Iran. The sentiment changed quickly to negative on fading signals of escalation of the conflict and traders shift focus to fundamentals, with rise in US crude inventories adding to demand concerns…

USDJPY keeps firm tone and continues to trade near pivotal 155 barrier, where strong offers cap the action on expectations that Japan’s authorities may intervene at this zone. Technical picture on daily and weekly chart remains increasingly bullish, with strong positive signal generated on weekly close above important Fibo level at 152.60 (38.2%…

Gold probed above $2400 level for the second time, inflated by increased safe-haven demand following Israel’s attack on Iran early Friday. Although the spike above $2400 (the metal’s price reached $2417) was so far short-lived, near-term focus remains at the upside, as fears of further escalation in the region will continue to fuel demand.…