WTI oil edges higher on demand, crude stocks drop and uncertainty over peace talks
WTI oil price rose to one-week high on Thursday, adding to initial signals of basing and possible reversal, after the downleg from $70.50 (July 30 peak) found temporary footstep at $61.50 zone.
Expectations for growing US oil demand,…
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GBPUSD continues to pressure daily cloud base following limited positive impact from higher than…
Cable edged higher on Wednesday after testing next key support provided by daily cloud base (1.3464), following break below psychological 1.3500 level (reinforced by daily Tenkan-sen) previous day.
Pound was lifted by disappointing UK…
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UK inflation rises to multi-month high in July
Inflation in Britain rose to 3.8% in July from 3.6% in June and above 3.7% forecast, hitting the highest since early 2024.
July data also showed British inflation is the highest and fastest growing among world’s largest economies.
The…
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AUDUSD – neutral near-term tone while the price ranges within daily cloud
AUDUSD remains in a sideways mode for the third straight day, with near term price action moving within a narrow daily cloud.
Upticks above cloud top (0.6512) were repeatedly capped by daily Kijun-sen (0.6522) that resulted in attack at…
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WTI Oil – bears hold grip ahead of Ukraine peace talks
WTI oil price returned to red on Monday following limited and short-lived support from US threats to India to stop buying Russian oil.
The oil price fell further and pressure the floor of near-term consolidation range that extends into…
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Gold – bullish bias above daily cloud, all eyes on Trump’s meetings with political…
Gold price edged higher in early Monday, as uncertainty grows ahead of today’s meeting between President Trump and leaders of Ukraine and some European countries.
The US President sent a strong signal that the US wants to end war in…
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Bitcoin falls sharply from new record high but larger bulls are still firmly in play
BTCUSD collapsed on Thursday (down around 5% into mid US session) after hitting new record high (124500) in Asia.
Bitcoin was deflated by comments from US Treasury Secretary who ruled out buying more BTC for the US strategic reserve, as…
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USDJPY – bearish pressure eases but downside is still at risk
USDJPY was in red for the third consecutive day and accelerated losses on Thursday, hitting the lowest in three weeks.
Fresh bears spiked through pivotal supports at 146.80/70 (50% retracement of 142.68/150.91 / early Aug higher base)…
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WTI oil resumes larger downtrend
WTI oil remains firmly in red and fell to nine-week low on Wednesday, signaling continuation of larger downtrend which paused for a brief consolidation in past three days.
The recent decision of OPEC + cartel to further increase output…
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GBPUSD – bulls accelerate for the second straight day and approach strong barriers
Cable continues to trend higher and nears key near-term barriers at 1.3588 (July 24 high) and 1.3618 (daily Ichimoku cloud top).
Weaker dollar on fresh signals of Fed rate cuts (the first cut to be expected in September) and latest data…
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