Brent oil price spiked to two-week high in early Monday trading, extending last week’s 4.5% advance, driven by fragile situation in the Middle East and fading prospects for peace after the latest attack on a nuclear power plant in the UAE. Fresh extension of the bull-leg from $96.09 (May 7 higher low) probed through psychological $110 barrier…

The dollar advances for the fourth consecutive day, riding on the wave of fresh risk aversion and being boosted by shift in Fed rate outlook, as rising inflation revives speculations of potential rate hike this year. The dollar index hit one month high on Friday, after cracking key barriers at $99.00 zone (former multiple tops / 50% retracement…

Gold holds in red for the second consecutive day, pressured by stronger dollar on growing uncertainty in the Middle East and sidelined expectations for potential Fed rate cuts, as inflation in the US rose further (both consumer and producer price index rose significantly in April). Fundamentals, however, show mixed signals as Fed is likely to…

USDJPY advances for the third straight day, as stalling peace talks in the Middle East fuel uncertainty and boost dollar’s safe-haven appeal, while fresh rise of inflation in the US adds to Fed’s hawkish stance that underpins the greenback. Fresh advance emerged after USDJPY’s strong fall from Japan’s authorities’ interventions, ran out of steam…

Cable fell around 0.8% on Tuesday on deepening political crisis, following calls from a number of lawmakers to PM Starmer to step down after his Labour Party suffered heavy losses in recent local elections. Fresh weakness of sterling and shares, as well as rise of UK long-dated borrowing costs to the highest in three decades, came because of a…

Bitcoin continues to trade above 80K mark that keeps near-term action biased higher, with broader uptrend (BTC is moving within a bull-channel off Mar 30 higher low) being fully in play so far. Fresh recovery leg from 79136 (May 8 correction low) is steady, but gains are gradual and facing increased headwinds from key near-term barriers at 82800…

Gold advanced 5% in past three sessions and hit two-week high on Thursday, as fresh waves of optimism about potential end of US-Iran war revived risk appetite and deflated prices of crude oil and dollar. The metal rose further on Thursday, extending Wednesday’s 3% rally (the biggest daily gain since Mar 31, when bulls penetrated and closed…

Brent oil remains firmly in red and extends weakness on Thursday after falling 10% on Wednesday and ending day with 5.5% loss. Growing hopes for a US-Iran peace deal provided relief, keeping oil prices under increased pressure for the third straight day. Bears probe again through important supports at $100.67 and $100.00 (50% retracement of…