BRENT OIL – bulls hold grip but consolidation may precede fresh push higher
Brent oil regained traction on Tuesday and probed again above round-figure 108 level.
Fresh strength partially offsets signals of developing offers from long upper shadow on Monday’s candle (although Doji) and pushed price to the upper…
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Dollar Index surges to two-week high on safe haven buying and Fed rate hike expectations
The dollar index jumped 0.5% on Monday, primarily benefiting from safe-haven buying following fresh turbulence in AI sector, but also by growing prospects of Fed rate hike on Thursday, after the data released last week showed that inflation…
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GBPUSD retests key supports on fresh wave of risk aversion
Cable dipped on Monday on fresh risk aversion and tested again key 1.3470 support zone (Fibo 38.2% of 1.3140/1.3675, reinforced by rising 55DMA and bull-trendline off 1.3140 low) where several attacks have been recently rejected.…
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EURUSD slumps to one-month low, signals further weakness
EURUSD fell around 0.5% in early Monday trading, deflated by stronger dollar on growing expectations for Fed rate hike, as well as safe haven buying on the latest warning that pace of AI development must slow to prevent threats to humanity…
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US inflation picks up in August, adds to prospects for Fed rate hike
The US Consumer Price Index increased 0.4% in August, in line with expectations, after gaining 0.1% in July.
Annualized figure showed that inflation rose 3.4% in twelve months to August, unchanged from the previous month and matched…
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GOLD – bears take a breather after 2% drop, traders eye US inflation data for fresh signals
Gold edged higher in early Friday trading on a partial profit-taking after Thursday’s 2% drop, as traders await release of key US inflation data for fresh direction signals.
Gold was deflated by sharp rise in oil prices and under…
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ECB raises interest rates as inflationary pressures continue to rise
The European Central Bank raised interest rates for the second time this year, seeking to control an energy-driven rise in inflation triggered by a fresh escalation of the war in the Middle East and growing threats that fuel prices could…
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Brent surges to $106 per barrel as hostilities in the Middle East escalate further
Brent oil price surged over $3 on Thursday and hit levels close to $106, last traded on May 22 after Wednesday’s break and close above psychological $100 barrier generated strong bullish signal.
Strong escalation in the Middle East which…
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EURGBP – bulls regain traction and return above daily cloud
EURGBP jumps 0.3% on Wednesday as Euro gets inflated by weaker dollar and expectations that the ECB will join the trend of policy tightening by the major central banks, while the Bank of England is likely to keep more cautious approach and…
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Dollar remains on defensive ahead of US inflation data
The dollar index continues to trend lower for the second consecutive week and hit new lowest in almost three weeks on Wednesday.
The dollar reversed direction and entered downtrend since the US-backed intervention to support weakening…
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