EURGBP edges higher on Friday after fresh acceleration lower in past three days failed to clearly break Fibo support at 0.8552 (50% retracement of 0.8239/0.8865 rally, also weekly Ichimoku cloud base) and formed a bear-trap pattern on daily chart that paves the way for recovery. The Euro remained at the back foot due to significant slowdown in…

The US dollar fell across the board on Thursday, hit by disappointing US labor data, (June NFP  57K vs 114K f/c and downwardly revised May result to 129K from 172K) reflecting significantly weaker than expected job growth last month. The dollar Index, which tracks performance of dollar against the basket of six major currencies, fell 0.6% in…

Gold price jumped on Wednesday (up 2.2% until early US session) following another failure at strong $4000 support (metal failed to register clear break below this level in six consecutive attempts. Weaker than expected US private sector employment data for June and comments from Fed Chair Warsh that inflation risks have eased, lifted metal’s…

Brent price fell on Wednesday, after holding within narrow range in past two days, on track for eventual close below Fibo support at $73.04 (76.4% retracement of $58.70/$119.47 advance), after four consecutive failures at this level. Persisting optimism on signals of progress of peace talks in the Middle East would open way normalization of…

Recovery leg from 1.1324 (2026 low, posted last week) started to lose traction, as better than expected inflation numbers from some EU member countries (Germany, France, Italy) cooled expectations for ECB rate hike. Markets wait for the EU June CPI data (due tomorrow), as well this week’s release of US labor sector report for June. Renewed…

Japanese yen continues to weaken against the US dollar, as the US currency remains well supported by growing Fed rate hike expectations, while lack of real action from Japanese authorities to support their currency (intervention rhetoric remains unchanged), continues to deflate yen. Break of former top of June 2024 (161.95) pushed the price…

BTCUSD falls below 60K mark after another failure to extend recovery from new 2026 low (57992) and register firm break above psychological barrier. Near-term structure (hourly chart) showed some signs of strengthening that boosted expectations for recovery breaking above congestion in past few sessions. However, hopes were so far short-lived…

The dollar extends its gradual easing from new one-year high, with dips being so far limited (Friday’s long-tailed daily candle signals still strong bids). End of month / quarter prompts some profit-taking as dollar rallied for two consecutive months and on track for the biggest monthly gain (June) in eleven months. However, traders may…