GOLD – bulls increase pressure on magic $5000 barrier
In one of my daily briefings earlier this week, I was asked whether the gold is going to hit $5000.
My answer was that this may occur the earliest on Friday (today) or sometime next week.
With persistently favorable conditions, it is…
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AUDUSD extends advance after upbeat labor data
Steep bull-leg from the larger higher base at 0.6665 zone extends into fourth straight day and hit the highest level since late September 2024 on Thursday (0.6811).
The Aussie dollar was inflated by weaker US dollar on the recent rally…
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Gold surges on fresh escalation over Greenland, $5000 target in focus
Gold hit new record high at $4888 on Wednesday and came closer to magic $5000 barrier, which is likely to be attacked very soon, if the current conditions persist.
The yellow metal accelerated higher in past three days following…
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Dollar drops across the board on the latest tariff threats
Fresh migration into safety after latest signals from President Trump about additional tariffs on a number of EU countries weakened the sentiment and increased pressure on the US dollar.
The dollar index opened about $40 lower on Monday…
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GOLD rises to new record high after Trump’s latest decisions shocked markets
Gold opened with gap higher and hit new record high ($4690) on Monday, after President Trump sent a series of shockwaves through the markets over the weekend by threats of imposing extra tariffs on several EU countries, with European…
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Gold eases on calmer geopolitical situation, but larger bulls hold grip
Gold price edged lower on Thursday after hitting a series of new marginally higher highs in past three days ($4630/34/43).
Today’s calmer rhetoric from President Trump over Iran crisis and conflict with Fed Chief Powell, cooled the…
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USDJPY dips from the area near 160 on renewed intervention talks
USDJPY eases from new multi-month high (159.45, the highest since mid-July 2024) on Wednesday.
The news that Japan’s PM is to call snap election in February, further deflated yen, but the following comments from Fin Min about…
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Silver hits new record high, nears $90 barrier and eyes $100
Silver continues to trend higher despite warnings from overbought daily studies and hit new record high ($89.10) on Tuesday, following daily advance of nearly $6.
Precious metals continue to benefit from growing safe-haven demand, with…
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Oil prices rise further on Iran uncertainty and growing supply fears
WTI oil price extends steep rally into fourth consecutive day, as growing tensions over Iran fuel fears of potential supply disruptions. Adding to strong uncertainty was the latest threat from President Trump that he will impose a 25% tax…
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EURUSD – near-term studies remain bearishly aligned
The Euro trades in a slower mode on Tuesday after previous day’s bounce temporarily sidelined larger bears (off 1.1808 peak).
Mixed signals from daily candlestick (bullish engulfing / strong upside rejection left bullish daily candle…
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