Brent oil jumped on Monday on raising tensions in the Middle East as the US announced the start of operation to open the Strait of Hormuz while Iran claims hitting one of the US warships that attempted to enter the straight. In the environment of rising tensions, the OPEC+ decided to raise again the output by 188.000 bpd in attempt to…

Gold price fell at the start of the week, losing around 1.8% by mid-European trading on Monday, reflecting growing concerns about rising inflation that prompted major central banks to take more hawkish stance, despite that all of them kept rates unchanged in the policy meetings last week. On the other hand, high geopolitical uncertainty…

Bitcoin remains on front foot for the second consecutive session and accelerates gains on Friday, to crack Fibo barrier at 78875 (50% of 97946/59805 descend), which guards recent double top (79500 zone) and psychological 80000 barrier. Weaker dollar and renewed risk appetite after the latest hawkish holds by a number of major central banks (Fed…

Japanese yen surged across the board on Tuesday, gaining around 3% vs its major counterparts, in the biggest daily gain since late 2022. The rally was sparked by comments from Japan’s FinMin who said that timing to take decisive action in the market was nearing, while some reports, citing government and the central bank, said that Japanese…

Gold holds in red for the third consecutive day, pressured by growing fears that elevated oil prices would lift inflation and prompt Fed to take more hawkish stance on monetary policy. The yellow metal remains in defensive since mid-April ($4889 recovery peak) and has so far retraced over 38.2% of $4099/$4889 recovery leg, with weakening daily…

Brent oil rose over 4% on Tuesday and hit its highest in almost one month, as growing uncertainty over disappointing signs from Middle East peace talks, with Strait of Hormuz remaining mainly closed and raising fears about stronger negative impact globally, that provides more support to oil prices. Another shocking news that United Arab Emirates…

The Euro firmed further on Monday, generating initial signal of formation of reversal pattern on daily chart. Recovery from a higher base at 1.1660 zone extends into second straight day and cracks significant barrier at 1.1745 (top of thick daily Ichimoku cloud) with sustained break here to boost positive signal and open way for further…

USDJPY keeps firm tone and trading near psychological 160 barrier, with near term action being slower on Friday, in comparison to strong gains in previous few sessions. The pair is on track for the weekly gain after being held in red for the three consecutive weeks, with technical picture on daily and weekly chart being predominantly bullish but…