Gold price edged lower from new 9-week high in early Thursday trading as positive impact from lower inflation in July started to fade while investors focus on US Producer Price Index data (due later today) which would provide more details about the Fed’s policy outlook. Recent strong acceleration higher started to show signs of fatigue after a…

Brent oil price rose to the highest in over one week on Tuesday, in extension of Monday’s nearly 5% advance, following the latest verbal escalation by President Trump that quickly changed the sentiment and countered efforts of Iran and Oman to find solution for reopening of strategic Hormuz strait. The latest demands from President Trump…

EURUSD probed again through strong barriers at 1.1560/66 (100DMA / daily cloud top) on Monday, following Friday’s false break higher, but continues to face headwinds at this zone. The single currency benefited from weak NFP data that further deflated dollar on Friday, pressured by fading expectations for Fed rate hike in September, but so far…

The dollar index consolidates after Friday’s almost 0.5% drop, sparked by downbeat US nonfarm payrolls data which cooled expectations for Fed rate hike and deflated the greenback. Traders shift their focus on US July inflation report (due on Wednesday) to get more details about the central bank’s monetary policy trajectory. Economists expect…

Gold resumes advance on Friday after bulls paused previous day and hit new seven- high ($4371), on track for the biggest weekly gain since the third week of January. Disappointing US July labor data on Friday contributed to fading expectations for Fed rate hike in September that further boosted demand for the yellow metal, although, markets…

The dollar index moves within a narrow consolidation above seven-week low and remains biased lower, following last week’s sharp fall (down 1.5% for the week). Near-term action was so far contained by daily cloud base / 50% retracement of 97.44/101.55 / 100DMA at 99.50 zone, which provides solid support. Daily studies are predominantly bearish…

Brent price holds within a narrow consolidation for the second straight day, following Tuesday’s massive losses (down over 6% for the day), but the action stays under psychological $80 barrier with upticks capped by 200DMA ($80.73) and the base of daily Ichimoku cloud. Fresh bears pause despite optimistic news about the latest US-Iran peace…

Gold price rose over 3% and hit the highest in nearly six weeks on Wednesday, lifted by fresh wave of optimism over a peace talks between the US and Iran, which eased inflation concerns and deflated the US dollar. This was so far the strongest market reaction in more than one month, as fresh rally violated range top ($4203), reinforced by the…