USDJPY remains in a steep fall for the third consecutive day (down almost 4%) with speculations that intervention may be behind the move, along with increased safe-haven demand and month-end flows. Fresh extension lower on Tuesday broke through significant supports at 153.62 (the base of thick ascending daily Ichimoku cloud / 100 DMA) and…

The Euro keeps firm tone and holds near fresh multi-month high (1.1907, posted on Monday) following last week’s strong rally and gap-higher opening at the start of this week. Weak dollar with signals of possible deeper drop, was mainly behind the latest advance. Friday’s close above broken Fibo 76.4% of 1.1918/1.1468 (1.1812) confirmed firm…

Gold took out $5000 barrier in one single step on Monday, in a widely expected post-weekend action, but made a small surprise to traders by extension to $5100, which happened in just few hours of early Monday’s trading. The yellow metal started trading with a gap higher and opened slightly above $5K following news over the weekend that added to…

In one of my daily briefings earlier this week, I was asked whether the gold is going to hit $5000. My answer was that this may occur the earliest on Friday (today) or sometime next week. With persistently favorable conditions, it is not so difficult to predict the action in the near future, as a cocktail of factors that drive the metal’s price…

Steep bull-leg from the larger higher base at 0.6665 zone extends into fourth straight day and hit the highest level since late September 2024 on Thursday (0.6811). The Aussie dollar was inflated by weaker US dollar on the recent rally into safety of precious metals, following escalation of conflict between the US and EU over Greenland, while…

Gold hit new record high at $4888 on Wednesday and came closer to magic $5000 barrier, which is likely to be attacked very soon, if the current conditions persist. The yellow metal accelerated higher in past three days following escalation of conflict between the US and the European Union over Greenland, after President Trump said (and repeated…

Fresh migration into safety after latest signals from President Trump about additional tariffs on a number of EU countries weakened the sentiment and increased pressure on the US dollar. The dollar index opened about $40 lower on Monday and fell to five-day low, with potential for deeper correction of $97.39/$99.27 upleg. Fading bullish…

Gold opened with gap higher and hit new record high ($4690) on Monday, after President Trump sent a series of shockwaves through the markets over the weekend by threats of imposing extra tariffs on several EU countries, with European leaders started preparations to retaliate that further escalated already heated situation over Greenland. The…