Brent oil price continues to trend higher and holds near one-month high on Friday, on track for the second consecutive strong weekly gain (up almost 6% for the week). Growing uncertainty in the Middle East, where the US tries to impose the toughest sanctions on Iranian oil export, while Iran keeps Hormuz strait closed and threatens of strong…

BTCUSD rallies for the third straight day (up over 20%), hitting the levels last traded in mid-May and on track for the biggest weekly gain since the first week of December 2017. The rally was mainly driven by US Treasury support measures for long duration bonds, which may extend, according to the comments from officials, that resulted in the…

EURUSD extends steep ascend into second consecutive day and trading at three-month high on Thursday. Bulls hold grip after Wednesday’s 0.85% advance (the biggest daily gain since March 19), after generating bullish signals on break above 200DMA (1.1628) and Fibo 61.8% of 1.1849/1.1324 (1.1648) and probe through round-figure barrier at 1.1700.…

Gold price surged over 3% on Wednesday, driven by sharp fall in the US dollar, on primarily dovish outlook for the Fed monetary policy action. Fresh gains show strong attempts for eventual break above eight-day range, defined by $4310 floor, reinforced by daily Ichimoku cloud base ($4358) and range tops at $4440 zone, though several upticks…

The dollar index hit the lowest levels in two months on Monday, following eventual break of key 99.50 support zone (daily Ichimoku cloud base / trendline support) which recently resisted several attacks. The dollar is in red for the second consecutive day, deflated by growing bets that the US central bank will keep interest rates unchanged in…

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…