Gold remains at the back foot on Monday, but bears found temporary footstep at $4400 zone (Fibo 38.2% of $3942/$4697 recovery leg / 20DMA) and consolidate after Friday’s 3.2% fall (the biggest one-day loss since June 10). Gold was deflated by hawkish comments from Fed Chair Warsh in Jackson Hole symposium which boosted expectations for rate hike…

AUDUSD keeps firm tone and holds near the highest in 3 ½ months on Friday, on track for the ninth straight weekly gain and for the second consecutive monthly close in green. The Reserve Bank of Australia kept hawkish stance and expressed readiness to act quickly (rate hike could be expected as early as September) as inflation picked up in July…

BTCUSD attacks the 80K psychological barrier again after Tuesday’s strong upside rejection at this zone left red daily candle with long upper shadow – initial negative signal, which was partially offset by subsequent bounce, but fresh positive developments still look for confirmation (on firm break through 80K resistance). Bitcoin remains…

The dollar index remains constructive and extends recovery on Thursday, with hotter than expected US inflation (PCE Index) in July, reviving expectations for Fed’s more hawkish stance  and offering fresh support to the greenback. Wednesday’s break and close above 200 DMA (98.99) generated initial positive signal, which requires more upside…

EURUSD remains in extended consolidation under new 3 ½ month high (1.1711) with action holding above broken Fibo barrier at 1.1648 (61.8% of 1.1849/1.1324 descend) that maintains bullish bias (despite initial negative signals from long upper shadows on Thu/Fri daily candles) and keeps the upside in focus. Daily studies keep strong positive…

Brent held in red for the second consecutive day and fell over 3% on Tuesday, as markets anticipated that the latest US strategy in imposing tough sanctions on Iran posses less risk to oil supply then military escalation, Pullback from new peak at $94.81 accelerated on Tuesday and hit one-week low, generating initial bearish signal on…

Cable trades near 6 ½ month peak (1.3675, hit on Friday) and moving in more quiet mode on Monday, as traders reduce speed ahead of this week’s key events – release of US PCE Index and the speech of Fed’s Warsh in Jackson Hole symposium, which is expected to provide the latest inflation update as well as potential signal about the US central bank’s…

AUDUSD consolidates just under new 2 ½ month high on Monday after last Friday’s 0.8% gain completed uninterrupted eight-week rally. Bulls cracked a double Fibo barrier at 0.7180 (Fibo 76.4% retracement of 0.7277/0.6865 / Fibo 161.8% expansion of the third wave of five-wave cycle from 0.6865, June 30 low) where stronger headwinds could be…