BTCUSD accelerated higher on Monday (up over 4% in Asia / early Europe), extending Friday’s sharp rally (up 6%). Bulls took a breather for a brief consolidation during the weekend, with initial bullish signal seen on Friday’s close above psychological 80K barrier, being boosted by break of next pivotal barriers at 82331 (Fibo 61.8% of…

Gold extends recovery into second consecutive day and hits the highest since Sep 9 on Friday, with lower oil prices being dominant driver that offsets anticipated negative impact from Fed rate hike. The latest moves improved the picture on daily chart after repeated rejections at the neckline of daily Head and Shoulders pattern (the support was…

British inflation rose to 3.1% in August and hit the highest in five months, from 2.9% previous month and coming in line with expectations. Monthly Consumer Price Index jumped to 0.5% from 0.3% in July, with both headline rates primarily showing impact from escalation of the war in the Middle East and rise in energy prices. On the other hand,…

USDJPY remains constructive and extends recovery on Wednesday, ahead of key event of the day – Fed interest rate decision. Markets widely expect the FOMC to raise interest rates by 25 basis points but will also focus on comments from Chair Warsh for clearer direction signal. There are two scenarios in play – rate hike and hawkish stance of…

Brent oil regained traction on Tuesday and probed again above round-figure 108 level. Fresh strength partially offsets signals of developing offers from long upper shadow on Monday’s candle (although Doji) and pushed price to the upper side of congestion of past three sessions to re-focus psychological 110 barrier. Fundamentals remain…

The dollar index jumped 0.5% on Monday, primarily benefiting from safe-haven buying following fresh turbulence in AI sector, but also by growing prospects of Fed rate hike on Thursday, after the data released last week showed that inflation in the US picked up last month, while the labor sector strengthened. Strong acceleration higher broke…

Cable dipped on Monday on fresh risk aversion and tested again key 1.3470 support zone (Fibo 38.2% of 1.3140/1.3675, reinforced by rising 55DMA and bull-trendline off 1.3140 low) where several attacks have been recently rejected. Eventual break of this temporary higher base would generate fresh bearish signal (bearish continuation of descend…

EURUSD fell around 0.5% in early Monday trading, deflated by stronger dollar on growing expectations for Fed rate hike, as well as safe haven buying on the latest warning that pace of AI development must slow to prevent threats to humanity that resulted in strong drop in AI-linked stocks. The pair hit one month low (1.1534), with fresh…