EURJPY – steep fall extends into second straight day and accelerates
EURJPY extends steep fall into second consecutive day (down 1.3% durian Asian / European trading on Thursday), losing so far over 2%.
Fresh strength of Japanese yen was sparked by hawkish narrative of Japanese officials which points to…
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USDJPY – hawkish BoJ and speculation of another intervention were likely behind today’s…
USDJPY drops sharply in early US trading on Wednesday (down over 1%) after the pair hit the highest in almost five weeks (160.39) but bulls repeatedly failed to sustain gains above psychological 160 barrier.
The latest hawkish shift from…
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BRENT OIL – bulls take a breather after almost 5% rally on Tuesday, psychological $100 barrier…
Brent consolidates under new multi-week high ($96.99) on Wednesday, following 4.7% rally on Tuesday (the biggest one-day gain since July 23) sparked by renewed hostilities between the US and Iran.
Growing worries about global supply, due…
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Eurozone inflation rises in August and adds pressure on ECB for another rate hike
Eurozone inflation jumped to 3.3% in August (the highest since September 2023) from 2.9% in July, as renewed tensions in the Middle East lifted energy costs and increased upward pressure on prices.
Although core inflation, excluding…
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The Hidden Psychology Traits of Top Traders: What No One Talks About
In the ever-moving trading landscape where headlines deliver breaking news, social media pushes the latest trading trends and smartphones constantly beep with market notifications, it is undoubtedly easy to lose focus and deviate from your…
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GOLD consolidates after Friday’s 3.2% drop, sparked by hawkish comments from Fed Warsh
Gold remains at the back foot on Monday, but bears found temporary footstep at $4400 zone (Fibo 38.2% of $3942/$4697 recovery leg / 20DMA) and consolidate after Friday’s 3.2% fall (the biggest one-day loss since June 10).
Gold was…
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AUDUSD rallies for the nine straight weeks, eyes 2022 peak
AUDUSD keeps firm tone and holds near the highest in 3 ½ months on Friday, on track for the ninth straight weekly gain and for the second consecutive monthly close in green.
The Reserve Bank of Australia kept hawkish stance and expressed…
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BTCUSD – bulls hold grip and maintain strong pressure at psychological 80K barrier
BTCUSD attacks the 80K psychological barrier again after Tuesday’s strong upside rejection at this zone left red daily candle with long upper shadow – initial negative signal, which was partially offset by subsequent bounce, but fresh…
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US DOLLAR rises on sticky inflation, markets focus on Fed Warsh’s speech in Jackson Hole
The dollar index remains constructive and extends recovery on Thursday, with hotter than expected US inflation (PCE Index) in July, reviving expectations for Fed’s more hawkish stance and offering fresh support to the greenback.…
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EURUSD consolidates above key supports ahead of US inflation data
EURUSD remains in extended consolidation under new 3 ½ month high (1.1711) with action holding above broken Fibo barrier at 1.1648 (61.8% of 1.1849/1.1324 descend) that maintains bullish bias (despite initial negative signals from long…
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