USDJPY – weekly inverted hammer suggests that bears may lose traction at the zone of key Fibo…
USDJPY remains in red for the third consecutive day and hits again pivotal Fibo support at 151.50 (38.2% of 137.57/158.87).
Recent attack was contained at this zone that validates support, setting scope for another rejection here that…
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Gold eases on Friday’s profit taking, larger bulls hold grip
Gold price eased in the US trading on Friday after hitting the levels just ticks under new record high ($2942, posted on Tuesday), but remains well supported and on track for the seventh consecutive weekly gain.
Friday’s partial…
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US retail sales drop well below expectations in January
US retail sales disappointed by falling way below expectations in January, with harsh weather mainly to be blamed for last month’s drop, along with wildfires in California.
Retail sales fell 0.9% in January following an upwardly revised…
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Gold price eases from new record high, supportive fundamentals suggest that dips are likely to be…
Gold price dipped on Tuesday on partial profit taking, as traders reacted on overbought daily studies, against very supportive fundamentals.
The price spiked to new record high ($2942) earlier today as the latest set of tariffs on steel…
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USDJPY – bears are taking a breather ahead of key US events, daily cloud base marks strong…
USDJPY remains constructive and ticks higher on Tuesday, on surprise slowdown in safe haven demand after President Trump imposed new set of tariffs on imports of metals.
Also, investors are taking a breather ahead of today’s testimony of…
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Bitcoin gains traction on talks of new tariffs
Bitcoin bounced on Monday, benefiting from its status of alternative currency after new tariff announcement shook the markets and boosted safe haven demand.
Near term action is moving between ascending 100DMA (95210, which offers initial…
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Gold hits new record high above $2900
Gold was top performer during early Monday trading after new tariff threats from President Trump fueled fears about global trade war and sparked fresh safe haven demand.
Bulls cracked psychological $2900 barrier and hit new record high,…
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WTI oil – larger bears are taking a breather ahead of key $70 support zone
WTI oil price edged higher on Friday as larger bears are taking a breather after this week’s strong fall.
Fresh gains were sparked by new US sanctions on Iran’s crude exports, which partially countered strong pressure on oil price from…
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Gold – bulls tighten grip after a minor consolidation
Gold price eased on Wednesday after hitting a series of new record highs in past 24 hours
The latest bullish acceleration was sparked on as growing concerns about the negative impact of a trade war between US and China after two world’s…
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USDJPY falls to 7-week low as strong Japanese wage growth boosts bets for BoJ rate hike
USDJPY fell nearly 0.9% in Asian – early European trading on Wednesday as the dollar remains at the back foot for the third straight day, while yen received fresh boost from stronger than expected rise of earnings in Japan that adds to…
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