Near-term recovery from 1.3300 zone higher base has received fresh boost from improving geopolitical picture that sparked risk appetite and deflated dollar. Although today’s action was limited, Cable remains at the front foot as traders await release of May inflation data on Wednesday (3.0% f/c vs Apr 2.8%), with CPI at/above forecast to add to…

Brent oil opened with a gap lower on Monday and fell to the lowest in over three months, deflated by fresh wave of optimism about the end of US/Iran war. Two sides announced that they had reached an initial deal which should be signed next Friday. Potential end of the war and reopening of strategic Strait of Hormuz provided strong relief…

Australian dollar remains at the front foot and continues to pressure strong barriers at 0.7050 zone (daily cloud base / Fibo 23.6% of 0.7277/0.6978) for the second consecutive day, but attempts to extend Thursday’s almost 1% advance, remain so far capped. Strong bounce after repeated failure at 0.7000 support (psychological / Fibo…

The Euro remains constructive on Friday after previous day’s jump on ECB rate hike (the first in three years). The latest news about potential peace deal in the Middle East also contributes to fresh positive tone, although markets need more evidence before reacting. The pair probes again through initial barriers at 1.1580 zone (10DMA / Fibo…

Brent oil price remains within a range between $90.00 and $95.00 for the fifth consecutive day despite renewed tensions in the Middle East and much stronger than expected draw in US crude inventories, as markets still do not see significant threat from the overall situation. Although the price repeatedly jumped (Wed / Thu) on fire exchange…

Gold hit the lowest in ten weeks on Wednesday, following fresh acceleration after breaking below the lower boundary of a bear-channel (which repeatedly contained attacks in few previous sessions). Steep bear leg, the part of larger downtrend, extends into fourth straight day and eyes key support at $4099 (2026 low, posted on Mar 23). The…

USDJPY remains firm and holds above 160 level for the third consecutive day, despite repeated warnings from Japan’s officials about intervention. Growing speculations about Fed rate hike this year continue to underpin the dollar that keeps the pair elevated and on track to retest 2026 high (160.72), where intervention in late Apri started.…

Brent oil price jumped on Monday morning following an escalation in the Middle East (Israel attacked Iran’s energy infrastructure and Iran responded by a wave of attacks on Israel) but gains were short-lived, as the price fell on Iran’s announcement of an end to attacks that calmed the markets. In addition, OPEC+ approved a fourth increase in…