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…

Gold price edged lower from new 9-week high in early Thursday trading as positive impact from lower inflation in July started to fade while investors focus on US Producer Price Index data (due later today) which would provide more details about the Fed’s policy outlook. Recent strong acceleration higher started to show signs of fatigue after a…

Brent oil price rose to the highest in over one week on Tuesday, in extension of Monday’s nearly 5% advance, following the latest verbal escalation by President Trump that quickly changed the sentiment and countered efforts of Iran and Oman to find solution for reopening of strategic Hormuz strait. The latest demands from President Trump…

EURUSD probed again through strong barriers at 1.1560/66 (100DMA / daily cloud top) on Monday, following Friday’s false break higher, but continues to face headwinds at this zone. The single currency benefited from weak NFP data that further deflated dollar on Friday, pressured by fading expectations for Fed rate hike in September, but so far…

The dollar index consolidates after Friday’s almost 0.5% drop, sparked by downbeat US nonfarm payrolls data which cooled expectations for Fed rate hike and deflated the greenback. Traders shift their focus on US July inflation report (due on Wednesday) to get more details about the central bank’s monetary policy trajectory. Economists expect…

Gold resumes advance on Friday after bulls paused previous day and hit new seven- high ($4371), on track for the biggest weekly gain since the third week of January. Disappointing US July labor data on Friday contributed to fading expectations for Fed rate hike in September that further boosted demand for the yellow metal, although, markets…