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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Bitcoin to Zero? The Viral Fear and why Total Collapse is Nearly Impossible
Every crypto winter, the sentiment for Bitcoin turns bearish and one question keeps resurfacing among the circles of critics and investors: can Bitcoin go to zero? This is despite the price of the flagship cryptocurrency hitting new…
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USDJPY – bulls regain traction on improving daily studies / weekly bullish engulfing
USDJPY rose on Monday, offsetting initial negative signal from Friday’s strong upside rejection (long upper shadow of Friday’s daily candle / potential bull-trap over 157.52 Fibo barrier) and keeping near-term bulls in play.
Fresh…
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BTCUSD surges through key barriers and hits the highest levels since January
BTCUSD accelerated higher on Monday (up over 4% in Asia / early Europe), extending Friday’s sharp rally (up 6%).
Bulls took a breather for a brief consolidation during the weekend, with initial bullish signal seen on Friday’s close above…
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GOLD bounces after repeated failure at key support
Gold extends recovery into second consecutive day and hits the highest since Sep 9 on Friday, with lower oil prices being dominant driver that offsets anticipated negative impact from Fed rate hike.
The latest moves improved the picture…
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