Steep bear-leg from 0.7000 zone extends into second consecutive day and hits the lowest levels since early April, as the Aussie dollar came under increased pressure from stronger dollar, driven by expectations that Fed may start tightening its monetary policy as early as September. Fresh fall in metal prices also contributed to pair’s…

The dollar continues to trend higher and hit highest levels in over one year on Wednesday, moving in a steep bull-leg that extends into sixth consecutive day. Growing bets of Fed rate hike (currently at 72% for September rate hike vs 45% previous month), following recent hawkish remarks from US policymakers and economic data signaling that US…

EURGBP hit the lowest since 15 Aug 2025 on Wednesday on probes through key supports at 0.8610 zone (multi-month higher base). The pair remains firmly in red, following Monday’s 0.8% drop (the biggest daily drop since 25 July last year) with long upper shadow on Tuesday’s daily candle, pointing to strong offers. Series of lower tops since…

The Euro extends steep fall into fifth consecutive day and falls to the lowest in one year on Tuesday, following break of former 2026 low (1.1410). The single currency was deflated by growing expectations of Fed rate hike that continue to boost US dollar, with latest dovish remarks from ECB President Lagarde, adding pressure. Fresh weakness…

Brent price fell almost $4 on Monday, after initial fears of stalling peace talks that resulted in weekly opening with gap higher, was replaced by more optimistic tones from top US officials. Fresh weakness cracks again significant support provided by 200 DMA ($78.05) which resisted four consecutive attacks last week. On the other…

Cable continues to trade near 2026 low (1.3159, posted on March 31 and last Friday’s low / trendline support at 1.3163) following news of resignation of UK PM Starmer. Growing uncertainty about how the new Prime Minister (likely to be in place in early September) will run the economy, burdened by prolonged weak economic growth, high debt and the…

Gold remains in red for the third straight day, on track for the third consecutive weekly loss, under renewed pressure from Fed’s hawkish steer. Recovery leg from $4000 support zone (metal hit new 2026 low at $4023 on June 11), repeatedly failed to register close above important Fibo resistance at $4354 (38.2% of $4889/$4023 descend) that…

USDJPY is consolidating above 161 level on Friday after Thursday’s fresh acceleration higher hit 161.80, just ticks under a four-decade peak at 161.95, posted in June 2024. The pair remains well supported and continued to trend higher after breaking the first threshold at 160, as dollar received fresh support from hawkish stance of the US…