The dollar index extends steep-post-Fed fall into second straight day, hitting the lowest in six weeks on Thursday. Fed’s 25 basis points rate cut and relatively dovish Chair Powell’s comments deflated the dollar across the board, with 0.85% drop in past 24 hours, contributing to broader weakness and keeping the index on track for the third…

The Euro remains firm and rises to the highest in seven weeks on Thursday, in extension of Wednesday’s 0.6% advance, mainly seen in post-Fed acceleration. The single currency benefited from Fed rate cut and more hawkish than expected monetary policy projections for 2026, which further deflated the US dollar. Rise above significant barriers at…

Silver hit new record high ($61.59) on Wednesday, in extension of Tuesday’s strong acceleration higher which resulted in a daily gain of 4.5% and break through psychological $60 barrier. Silver continues to benefit from strong demand for safe haven, as well as an evident disbalance between industrial demand and supply. Silver’s sharp rise in…

The dollar index – recovery leg from 98.70 daily higher base (the bottom of pullback from 100.32 peak) slows on Wednesday, as traders await the verdict from Fed at the end of two-day policy meeting. Markets widely expect a 25-basis points rate cut, but focus will be on signals about the central bank’s rate path in coming months. The Fed…

Recovery leg extends into third straight day and accelerated on Monday (up 2.2% until mid-European session), with fresh bullish signals generated on lift above bear-channel upper boundary (90700) and Fibo 38.2% of 107502/80514 descend (90823). Improving technical picture on daily chart underpins recovery which faces headwinds from falling 30DMA…

AUDUSD holds in steep uptrend for the eleventh consecutive day and on track for the second straight weekly gain, mainly driven by weaker US dollar on growing expectations of Fed rate cut, but also holding firm tone against other major currencies. The pair hit new 2 ½ month high on Friday and cracked strong barriers at 0.6640 (200WMA / Fibo 76.4%…

Cable hit fresh five-week high on Wednesday after being initially boosted by better than expected UK Nov services PMI, while unexpected and strong drop in US private payrolls (ADP report) added to expectations of Fed December rate cut additionally inflated sterling. The pair was up around 0.8%, on track for the biggest daily gain since late…

The Euro keeps firm tone on Tuesday after near-term recovery spiked to two-week high (1.1652) but subsequent quick pullback pointed to strong upside rejection (daily candle with long upper shadow). Recovery stalled just under the base of daily Ichimoku cloud (1.1666) and left a bull-trap above 100DMA (1.1642) although near-term action still…