EURUSD – bulls take a breather ahead of fresh advance
EURUSD extends steep ascend into second consecutive day and trading at three-month high on Thursday.
Bulls hold grip after Wednesday’s 0.85% advance (the biggest daily gain since March 19), after generating bullish signals on break above…
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GOLD rises over 3% on weaker dollar
Gold price surged over 3% on Wednesday, driven by sharp fall in the US dollar, on primarily dovish outlook for the Fed monetary policy action.
Fresh gains show strong attempts for eventual break above eight-day range, defined by $4310…
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UK inflation jumps to four-month high in July
British inflation rose to the highest in four months in July, mainly driven by decision of authorities to allow energy companies for maximum charges for the households, while the situation in the Middle East remains fragile, with high risk…
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DOLLAR INDEX breaks key supports
The dollar index hit the lowest levels in two months on Monday, following eventual break of key 99.50 support zone (daily Ichimoku cloud base / trendline support) which recently resisted several attacks.
The dollar is in red for the…
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GOLD – bulls take a breather under new multi-week high ahead of US economic data
Gold price edged lower from new 9-week high in early Thursday trading as positive impact from lower inflation in July started to fade while investors focus on US Producer Price Index data (due later today) which would provide more details…
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US inflation eases in July
US inflation slowed in July, mainly reflecting drop in oil prices due to recent ceasefire in the Middle East, and signaling less pressure on the US central bank to raise interest rates in September.
The Consumer Price Index ticked lower…
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Brent price falls after recovery failed to clear important $90 barrier
Brent oil price rose to the highest in over one week on Tuesday, in extension of Monday’s nearly 5% advance, following the latest verbal escalation by President Trump that quickly changed the sentiment and countered efforts of Iran and Oman…
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Reserve Bank of Australia keeps rates unchanged but signals possible further policy tightening
Reserve Bank of Australia kept its cash rate unchanged at 4.35% for a second straight meeting, arguing its decision by the economic slowdown being in line with expectation.
Weaker than expected Australia’s Q2 inflation contributed to…
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EURUSD – bulls hold grip but continue to face strong headwinds at 100DMA / daily cloud top
EURUSD probed again through strong barriers at 1.1560/66 (100DMA / daily cloud top) on Monday, following Friday’s false break higher, but continues to face headwinds at this zone.
The single currency benefited from weak NFP data that…
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USD INDEX – key technical support zone remains under increased pressure
The dollar index consolidates after Friday’s almost 0.5% drop, sparked by downbeat US nonfarm payrolls data which cooled expectations for Fed rate hike and deflated the greenback.
Traders shift their focus on US July inflation report…
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