Brent oil price bounced from 3 ½ week low on Wednesday on renewed worries of stall of US-Iran talks which offsets positive news of recovering supplies from the Middle East (Goldman Sachs latest report says that oil exports doubled in September and reached 2025 average). Brent December contract (front month) peaked near $99 per barrel, compared…

Cable consolidates above new three-month low at 1.3204, posted last Thursday (just ahead of 1.3193, Fibo 38.2% of 1.2100/1.3870 uptrend) after suffering heavy losses in past two weeks (down 2%). Partial profit-taking reflects oversold daily studies, but upticks were so far limited with long upper shadow of Friday / today daily candles, pointing…

Gold fell over 3% in sharp acceleration on Monday after President Trump rejection of Iran’s proposal for easing tensions in the region and re-opening Straight of Hormuz, lifted oil prices and fueled inflation fears, boosting expectations for more aggressive Fed’s stance on interest rates. Gold price fell to the lowest in nearly two months, in…

Brent oil edged lower on Friday, with the action being driven partially by limited profit-taking at the end of the week and partially by sour sentiment. Fresh hopes of potential peace deal between the US and Iran deflated oil prices on Friday, although overall situation remains very fragile, due to escalation of hostilities between Yemeni…

USDJPY pulls back from new three-week high on Friday, as traders started to collect profits from the steep rally that lasted nearly two weeks. Overbought daily stochastic, stretched 14-d momentum, south- turned RSI and persisting talks about another intervention (readiness of Japanese authorities to intervene again as well as President Trump’s…

EURUSD edged higher on Thursday morning as bears take a breather after the latest three-day bear leg which accelerated on Wednesday, resulting in 0.5% daily fall. The Euro remains under increased pressure from growing expectations for more aggressive Fed’s stance on monetary policy, which was additionally boosted by much better than expected US…

AUDUSD falls to seven-week low in sharp acceleration lower on Wednesday, as the US dollar continues to ride on the waves of optimism that elevated oil prices will continue to fuel inflation and prompt the Fed into policy tightening cycle. The Aussie dollar fell over 1% until the early hours of the US session, on track for the biggest daily loss…

The dollar index continues to trend higher and trading near the highest in two months, driven by growing prospects of further Fed rate hikes, so far unaffected by loser oil prices, which may ease inflationary pressures. Today’s break above Fibo barrier at 100.32 (61.8% of 101.48/98.44, also top of descending daily Ichimoku cloud) generated fresh…