Gold regained traction on Thursday and bounced around $40, after pullback from new record high ($3707) found footstep at $3730 zone. Gold initially spiked above $3700 after FOMC announcement but reversed quickly after comments from Fed chief Powell proved to be less dovish that markets anticipated. The US central bank cut interest rates by 25…

Bears take a breather above new 11-week low on Wednesday, as markets await the verdict from Fed at the end of two-day policy meeting. The dollar index extended the bear-leg from early Aug peak at 100 zone, a part of larger downtrend from early January peak at 110.00 (down around 12% for the year) and registered 1% loss in in the latest…

EURUSD continues to benefit from weakening dollar and accelerated gains on Tuesday, to hit new 2025 highs, after showing a minor and short-lived negative reaction to upbeat US economic data today (retail sales and industrial production). Positive sentiment was fuelled by expectations that the Fed would keep dovish stance after widely expected…

Gold rose to new record highs in late Monday / early Tuesday trading, as bulls regained traction after a narrow consolidation in past four days. Fresh weakness of US dollar ahead of Wednesday’s Fed rate decision, in which the central bank is widely expected to cut rate by 25 basis points (there is also a small chance for possible 50 basis points…

AUDUSD keeps firm tone and trades just under new 2025 high (0.6668) on Monday, in attempts to extend last week’s 1.4% advance (the biggest weekly gain since the third week of June). Aussie dollar enjoyed strong support from weaker US dollar, anticipating Fed’s 25 basis points rate cut this week, with markets focusing on comments from Fed chief…

Gold price holds within a narrow consolidation under new record high on Thursday and reduced pace ahead of release of US inflation report. Economists expect US consumer prices to rise further in August, mainly to be lifted by import tariffs, although optimism emerged from Wednesday’s lower than expected US producer Price Index in August that…

USDJPY regained traction on Wednesday, after spiking to the lowest in nearly one month on Tuesday. Strong downside rejection formed a bear trap pattern (under daily cloud base), as well as Hammer candle (Tuesday), adding to developing positive signals. Strong resistances at 147.60 zone (daily cloud top / converged 10/20 DMA’s) are under…

EURUSD extended pullback on early Wednesday, following nearly 0.5% drop on Tuesday, but fresh bears were so far limited despite initial negative signal on formation of bearish engulfing pattern on daily chart. Initial Fibo support at 1.1690 (23.6% of 1.1391/1.1780) reinforced by 10DMA provides solid support which contained today’s dips.…