The dollar index came under increased pressure on Monday and fell to two-week low, following renewed rise in bets for Fed rate cut in the last policy meeting this year, as markets await releases of key economic indicators from the US labor sector, which could contribute to such decision. The report released today showed that US manufacturing…

Gold continues to trend higher and hit the highest in six weeks on Monday, supported by growing expectations for Fed rate cut in December. Weak US economic data and recent dovish comments from Fed policymakers fuelled fresh rise in bets for further policy easing, while market participants also expect successor of Fed Chair Jerome Powell to hold…

BTCUSD fell sharply in early trading on Monday (around 6% until the mid-European session) retracing over 50% of 80514/93052 upleg and signaling that corrective phase from 8-month low (80514) might be over. Larger bears regained control after recovery attempts were repeatedly capped by falling 20DMA and weekly cloud top, with break of…

Silver moves deeper into uncharted territory and hit new record high ($57.84) in early Monday trading, in extension of Friday’s strong acceleration higher (up 5.6%, the biggest daily gain in nearly 8 months) which broke and close above previous all-time high at $54.64. Weaker dollar on fast growing bets of Fed December rate cut and expectations…

The pair fell one full figure and hit the lowest in almost one month after the Reserve Bank of New Zealand cut rates by 25 basis points, as expected, but signaled pause that lifted kiwi dollar. Fresh weakness extended below Nov 18 higher low at 1.1443, with sustained break here to generate fresh signal on completion of bearish failure swing and…

Gold keeps firm tone and consolidates under new 1 ½- week high on Tuesday, following Monday’s 1.6% advance. The latest dovish comment from Fed policymakers revived hopes of Fed rate cut in December that brightened the sentiment and lifted yellow metal’s price. Technical picture on daily chart improved further, as near-term action remains…

AUDUSD – Last Friday’s bounce from new three-month low (bears were contained by the top of thick weekly Ichimoku cloud) was repeatedly obstructed by broken 200DMA (0.6458 – reverted to resistance) Monday’s action is moving within limited range and shaped in long-legged Doji candle and signals indecision. Conflicting fundamental signals (the…

Gold lost ground on Friday and fell over 3% following more hawkish tones from Fed policymakers that further dropped bets for December rate cut (below 50%, compared to 80% on Thursday and over 90% just a couple of days ago). FOMC members argued their stance by increased concerns about inflation and relatively stable situation in the labor market,…