WTI oil price bounced from two-week low on Wednesday, retracing so far a good part of Tuesday’s 2.1% drop, sparked by mostly unjustified optimism over potential positive outcome of US-Iran talks. Fresh advance (oil price gained 1.6% until mid-European session on Wednesday) suggests that traders remain very cautious, as any escalation of the…

USDJPY bounced on Monday on partial profit taking after last week’s almost 3% drop (the biggest weekly loss since Nov 2024). Weaker dollar and growing optimism after PM Takaichi’s election victory, contributed to fresh strength of Japanese currency last week. Recovery attempts were so far repeatedly capped by initial Fibo barrier at 153.54…

Gold price edged lower in early Monday but held within a narrow range, due to lower volumes, as Far East and the US markets are closed for holidays. The yellow metal traded within $4900/$5100 range in the past few sessions, reflecting lack of direction, as key drivers sent mixed signals lately. Technical studies show conflicting signals from…

EURCHF is consolidating under new multi-year low at 0.9094 (the lowest since Jan 2015 when the SNB abandoned its minimum exchange rate policy of 1.20 CHF per Euro) that was hit on Tuesday. Swiss franc remains well supported on ongoing safe-haven demand and continues to advance against its major peers. Bears eye key supports at 0.9000 zone…

USDJPY extends steep fall (from 157.65 lower top of Feb 9) into second straight day, as Japanese currency rallied after PM Takaichi’s election victory boosts prospects for stronger economic growth as well as brightens outlook for more hawkish stance on monetary policy. Revived talks about potential intervention also contributed to yen’s fresh…

Dow eases from new record high (50337) on Monday but remains steady and holds above broken magic 50K barrier that was taken out last Friday after almost 2.7% advance (the biggest daily gain since 9 April 2025). The index outperformed major Wall St peers, with gains of Caterpillar, Goldman Sachs and Nvidia shares being mainly behind the latest…

Gold regained levels above $5000 on Wednesday as strong recovery extends into second consecutive day (metal was up almost 6% on Tuesday, in the biggest daily gain in years). Brief pause in geopolitical stage (one of gold’s key drivers nowadays) which sparked the latest correction, is likely over as renewed tensions between the US and Iran…

WTI oil extended pullback from new multi-month high ($66.46) in early Tuesday’s trading, following gap-lower opening at the start of the week and over 4% drop on Monday which marks the biggest daily loss since Nov 11. Signals of de-escalation in US-Iran tensions eased supply fears and prompted strong selling, along with firmer dollar.…