Gold price eases for the third straight day and retests very important $4000 support on Wednesday, as initial enthusiasm about diplomatic action replacing hostilities in the Middle East, faded after fresh attacks of US / Saudi armies on Iraq. The dollar firmed, keeping the yellow metal in defensive, as markets await results from Fed’s policy…

EURCHF hit new highest level in nearly seven months, following the latest acceleration higher on Tue/Wed, extension of larger uptrend. The Swiss Franc remains under pressure due to low interest rates, with the latest rumors that the SNB may hold zero rates until end of 2027, adding to negative outlook for the currency. Bulls broke above 50%…

Aussie dollar fell nearly 0.5% on Wednesday morning, following softer than expected Australian CPI data (Q2 3.9% from Q1 / forecast 4.1% and monthly indicator Jun 3.8% vs May / forecast 4.0%) that almost sidelined expectations for rate hikes this year. However, better than expected inflation numbers across the western economies came as a result…

Brent price fell over 10% on Monday (down 5.5% on opening) driven by fresh wave of optimism after US and Iran paused hostilities, reviving hopes that diplomacy may replace attacks and lead towards possible solution. The action came at the right time, as oil price cracked critical barrier at $100 (violation of which would have significant…

Gold was among the gainers at the start of the week, as the metal started trading on Monday with gap higher and advanced around 1.5% in Asian trading. Softer rhetoric in geopolitical front, after US and Iran paused hostilities, opening way for potential diplomatic action, eased inflation concerns and deflated expectations for Fed rate hikes in…

The dollar consolidates after Thursday’s 0.35% jump but keeps firm tone and remains on track for weekly gain of over 0.5%. Bulls regained traction after two-legged pullback from new 2026 peak (101.55) registered a false break below trendline support (bull trendline drawn off 97.40 zone higher base), with subsequent bounce retracing the largest…

Brent price rose almost 4% during Asian / European sessions on Wednesday and hit the highest since June 11, fueled by mounting fears of deeper disruption in supply, as threats of closure of the Red Sea in a naval blockade of Saudi Arabia, adds to renewed conflict over control of Hormuz strait, which remains closed. Fresh price acceleration…

Gold rose around 1.5% on Tuesday as fresh signals of diplomatic action to de-escalate US-Iran war cooled inflation risks and expected to ease pressure on the US central bank. Quick change in sentiment made the yellow metal more attractive to investors, with the latest bounce from very significant $4000 support zone (contained several attacks in…