The dollar index hit three-month high on steep post-Fed rally, after unexpectedly hawkish stance of chief Powell faded recent risk appetite and shifted investments into safety of greenback. Drop in bets for Fed’s December rate cut, after central bank’s hawkish cut last Wednesday, still unclear results of Trump – Xi meeting on Thursday (despite…

Cable extends steep fall into fourth straight day and probes through key supports at 1.3140 zone (Fibo 38.2% of 1.2099/1.3788 rally / former higher base, consisting of May 11 and July 27 lows), hitting the lowest levels since mid-April. Stronger dollar after Fed’s hawkish cut and fresh signals that BOE rate cut next week cannot be ruled out…

USDJPY jumped 1.2% in post-BoJ trading on Thursday and hit the highest since mid-February. Fresh acceleration higher was sparked by unexpected Fed’s hawkish tone on Wednesday and extended after BoJ’s decision to keep rates on hold but signal potential hike if economy continues to move within projected parameters, which markets saw as cautious…

EURGBP hit new 2025 high and held at the highest levels since May 2023 on Wednesday. Steep upleg from Oct 22 extends into sixth straight day, as sterling came under increased pressure from shift in monetary policy expectations which sees BoE rate cut as early as November (the MPC meets next week). The latest economic data showed that…

Cable hit three-month low on Wednesday, extending the steep bear-leg which emerged after strong upside rejection at daily cloud, into second consecutive week. Fresh bears broke through important support provided by 200DMA (1.3239) and cracked 1.3200 level that unmasks key short-term support at 1.3141 (Aug 1 low (Fibo 38.2% of 1.2999/1.3788).…

WTI oil price remains in red for the third consecutive day and accelerated lower on Tuesday, losing about 2% of its value during Asian / early European trading. Oil price was initially deflated by optimism about potential US-China trade deal that stalled earlier strong rally sparked by US sanctions on two biggest Russian oil producers. The…

Gold fell around 3% on Monday and broke below critical $4000 support, deflated by fresh risk appetite on growing optimism over coming US-China trade talks. Easing trade tensions between world’s two largest economies provides temporary relief, prompting traders into riskier assets. In my previous reports I marked $4000 as a breakpoint and…

AUDUSD opened with a gap higher and hit two-week high in almost 1% advance in early Monday trading. Fresh risk appetite dominated in the market at the start of the week, as growing optimism of US-China trade deal, fueled demand for riskier assets and inflated risk-sensitive Aussie dollar. Softer US dollar on cooler than expected US inflation…