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…

Gold price edged lower on Thursday after hitting a series of new marginally higher highs in past three days ($4630/34/43). Today’s calmer rhetoric from President Trump over Iran crisis and conflict with Fed Chief Powell, cooled the sentiment and paused recent rally for now. Trump opted for wait and see strategy instead of military action in…

USDJPY eases from new multi-month high (159.45, the highest since mid-July 2024) on Wednesday. The news that Japan’s PM is to call snap election in February, further deflated yen, but the following comments from Fin Min about intervention against yen’s excessive losses, cooled the situation and lifted Japan’s currency. As expected,…

Silver continues to trend higher despite warnings from overbought daily studies and hit new record high ($89.10) on Tuesday, following daily advance of nearly $6. Precious metals continue to benefit from growing safe-haven demand, with silver being additionally supported by strong industrial demand and insufficient supply. Bulls approach $90…

WTI oil price extends steep rally into fourth consecutive day, as growing tensions over Iran fuel fears of potential supply disruptions. Adding to strong uncertainty was the latest threat from President Trump that he will impose a 25% tax to all countries that buy oil from Iran. Slight optimism from Venezuela, where the situation is calmer and…

The Euro trades in a slower mode on Tuesday after previous day’s bounce temporarily sidelined larger bears (off 1.1808 peak). Mixed signals from daily candlestick (bullish engulfing / strong upside rejection left bullish daily candle with long upper shadow) contribute to overall technical picture. Momentum studies remain bearishly aligned and…

Silver hit new all-time high following over 6% advance on Monday, as fresh shockwaves from a criminal probe by Trump administration on Fed Chair Jerome Powell struck markets at the start of the week and prompted investors into safety. Unrests in Iran, with threats of uncontrollable escalation, add to growing uncertainty and boost safe-haven…