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…

Gold keeps firm tone and holds near four-month high on Monday, following almost 5% advance last week, with surprise US Treasury’s buyback being mainly behind the latest rally. Traders also look for more cues about the US monetary policy outlook in coming months, with focus on Wednesday’s release of US PCE Index (Fed’s preferred inflation gauge)…

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…