AUDUSD fell to the lowest in ten months on Thursday, remaining under increased pressure from strengthening US dollar, driven by hotter than expected US inflation in October and more hawkish tones from Fed policymakers. The pair remains in steep downtrend from 0.7067 (Oct 29 lower top), interrupted by brief corrections that lasted one day each,…

USDJPY trades just under ten-month high on Thursday, after bulls faced headwinds at psychological 160 barrier which caps the action for the second straight day. Partial profit taking after strong rally on Tue/Wed (the biggest two-day gains since mid-Sep) is seen as likely scenario as positive momentum started to fade and stochastic entered…

Brent oil price rose over $3 on Wednesday on a partial profit taking after three-day fall (about 10% loss). The bounce was signaled by long-tailed Tuesday’s daily candle and a bear-trap under psychological $90 support, where larger bears faced increased headwinds. Recovery attempts were also boosted by fresh wave of pessimism after Iran’s…

The dollar rallies for the second straight day and hits the highest levels in almost one month On Wednesday morning. Hotter than expected US inflation in October added to existing expectations for Fed rate hike in December and lifted bets to 50 basis points increase, against initial expectations for 25 basis points hike, providing strong support…

The Euro keeps firm tone and holds in the upper side of the multi-week range in Tuesday morning, with strong recovery extending into second straight day to almost fully retrace last Thu/Fri sharp fall. Fresh risk appetite lifted the single currency although the gains were tempered by the latest hawkish comments from Fed policymaker. Mixed MAs…

Gold regained traction and probes again through $4100 barrier, following last week’s strong rejections on both sides (daily candles with long upper shadow on Thursday and with long tail on Friday) that kept the price in near-term sideways mode. Gold gained last week on risk aversion over turbulence in AI sector, but its fate remains closely…

BTCUSD remains in red and trades near new multi-week low (73532) hit after 2% drop on Sunday. Cryptos were hurt by attack at Binance last week, with further pressure coming from growing worries that US Democrats may impose tougher regulation on crypto assets after regaining full control of the Congress. Fresh extension lower after a two-day…

Nasdaq edged higher on Friday morning, consolidating heavy losses of the previous day, after tech-led index collapsed on Thursday, losing over 7% of its value in one day. Shockwaves after US Democrats regained full control of the Congress, hit tech sector the most, boosting existing uncertainty over signals about scrutinizing fast AI…