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.…

Gold extended sharp drop and fell to the lowest in one month, after trading on Monday started with about $100 gap lower, signaling that negative sentiment (after Friday’s biggest daily drop in over four decades), persists. De-escalating tensions over Iran and initial signals that war in Ukraine might be heading towards its end, contributed to…

AUDUSD extended rally for nearly two weeks and hit three-year high on Thursday (0.7093), before easing. Weakening US dollar and Aussie tracking strong rise in precious metals, were mainly behind the latest rally (up over 6% since the move started on Jan 19). Bulls broke and established above psychological 0.70 level, but faced strong…

When gold broke through magic $5000 barrier on Monday, I was asked whether the metal can reach $5500 in coming months? My answer was that $6000 per ounce is very likely and in a matter of weeks, not by the end of the year, as some analysts predicted. Four days later, gold touched the high at almost $5600, so if we follow that logic, reaching…