USDJPY edged higher from new lowest level in almost three months, following three-day sharp fall on coordinated intervention by Japan’s authorities and US central bank, to support weakening yen. Massive intervention buying lifted yen against US dollar (nearly 5%) and Euro (4.2%), with yen’s weekly gains of 3.9% vs dollar and 3.1% vs Euro. The…

Brent price fell $7 on gap-lower opening on Monday, deflated by the latest de-escalation in the Middle East after President Trump called off the latest planned attack on Iran and announced fresh round of peace talks starting today. Adding to renewed pressure on oil prices was decision of OPEC+ to increase production by 188.000 barrels per day…

USDJPY consolidates within a wide range on Friday after falling over 3% after intervention of Japan’s authorities, aiming to support weakening yen on Thursday. Friday’s action moves within daily Ichimoku cloud (158.49/160.59) shaped so far in a long-legged Doji, signaling that traders look for fresh direction signal after yen registered the…

Brent price rose for the second straight day on Thursday as fresh escalation of US / Iran conflict faded recent optimism of potential diplomatic initiative and revived fears about potential supply disruption. Oil price peaked at $93.33 during European session on Thursday, marking over 50% retracement of $101.97/$92.51 bear-leg, but recovery…

The dollar regained traction in early Thursday trading and recovered part of Wednesday’s post-Fed 0.6% drop, which pushed the US currency to the lowest since July 20. The US central bank left rates unchanged at 3.50%/3.75% range as widely expected, but policymakers were split in policy view that deepens uncertainty over Fed’s next steps.…

Gold price eases for the third straight day and retests very important $4000 support on Wednesday, as initial enthusiasm about diplomatic action replacing hostilities in the Middle East, faded after fresh attacks of US / Saudi armies on Iraq. The dollar firmed, keeping the yellow metal in defensive, as markets await results from Fed’s policy…

EURCHF hit new highest level in nearly seven months, following the latest acceleration higher on Tue/Wed, extension of larger uptrend. The Swiss Franc remains under pressure due to low interest rates, with the latest rumors that the SNB may hold zero rates until end of 2027, adding to negative outlook for the currency. Bulls broke above 50%…

Aussie dollar fell nearly 0.5% on Wednesday morning, following softer than expected Australian CPI data (Q2 3.9% from Q1 / forecast 4.1% and monthly indicator Jun 3.8% vs May / forecast 4.0%) that almost sidelined expectations for rate hikes this year. However, better than expected inflation numbers across the western economies came as a result…