Oil price rises on renewed concerns about failure of US-Iran talks but remains below psychological…
Brent oil price bounced from 3 ½ week low on Wednesday on renewed worries of stall of US-Iran talks which offsets positive news of recovering supplies from the Middle East (Goldman Sachs latest report says that oil exports doubled in…
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Reserve Bank of Australia raises rates by 0.25% as inflationary pressures increase
Reserve Bank of Australia raised its interest rates by 25 basis points to 4.60%, in reaction to growing inflationary risks, following hotter than expected inflation readings in July and strong rise in oil prices and signaled readiness for…
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GBPUSD – bears take a breather after heavy losses but hold grip
Cable consolidates above new three-month low at 1.3204, posted last Thursday (just ahead of 1.3193, Fibo 38.2% of 1.2100/1.3870 uptrend) after suffering heavy losses in past two weeks (down 2%).
Partial profit-taking reflects oversold…
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GOLD loses ground as rising oil prices fuel inflation fears
Gold fell over 3% in sharp acceleration on Monday after President Trump rejection of Iran’s proposal for easing tensions in the region and re-opening Straight of Hormuz, lifted oil prices and fueled inflation fears, boosting expectations…
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Oil prices ease but larger uptrend remains intact for now
Brent oil edged lower on Friday, with the action being driven partially by limited profit-taking at the end of the week and partially by sour sentiment.
Fresh hopes of potential peace deal between the US and Iran deflated oil prices on…
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USDJPY pulls back from two-week high, potential formation of bull-trap
USDJPY pulls back from new three-week high on Friday, as traders started to collect profits from the steep rally that lasted nearly two weeks.
Overbought daily stochastic, stretched 14-d momentum, south- turned RSI and persisting talks…
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EURUSD – bears hold grip and likely to resume after a brief pause
EURUSD edged higher on Thursday morning as bears take a breather after the latest three-day bear leg which accelerated on Wednesday, resulting in 0.5% daily fall.
The Euro remains under increased pressure from growing expectations for…
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Aussie dollar slumps as growing expectations for more aggressive action from Fed inflate the…
AUDUSD falls to seven-week low in sharp acceleration lower on Wednesday, as the US dollar continues to ride on the waves of optimism that elevated oil prices will continue to fuel inflation and prompt the Fed into policy tightening cycle.…
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DOLLAR INDEX at two-month high on growing prospects for more Fed rate hikes
The dollar index continues to trend higher and trading near the highest in two months, driven by growing prospects of further Fed rate hikes, so far unaffected by loser oil prices, which may ease inflationary pressures.
Today’s break…
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BRENT price dips below $100 on fresh wave of optimism
Brent oil holds in red for the fifth consecutive day and extends the bear-leg from $110 resistance zone (after a multiple upside rejections) below psychological $100 support on Tuesday.
Growing hopes that diplomatic actions would prevent…
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