Brent oil edged lower on Friday, with the action being driven partially by limited profit-taking at the end of the week and partially by sour sentiment. Fresh hopes of potential peace deal between the US and Iran deflated oil prices on Friday, although overall situation remains very fragile, due to escalation of hostilities between Yemeni…

USDJPY pulls back from new three-week high on Friday, as traders started to collect profits from the steep rally that lasted nearly two weeks. Overbought daily stochastic, stretched 14-d momentum, south- turned RSI and persisting talks about another intervention (readiness of Japanese authorities to intervene again as well as President Trump’s…

EURUSD edged higher on Thursday morning as bears take a breather after the latest three-day bear leg which accelerated on Wednesday, resulting in 0.5% daily fall. The Euro remains under increased pressure from growing expectations for more aggressive Fed’s stance on monetary policy, which was additionally boosted by much better than expected US…

AUDUSD falls to seven-week low in sharp acceleration lower on Wednesday, as the US dollar continues to ride on the waves of optimism that elevated oil prices will continue to fuel inflation and prompt the Fed into policy tightening cycle. The Aussie dollar fell over 1% until the early hours of the US session, on track for the biggest daily loss…

The dollar index continues to trend higher and trading near the highest in two months, driven by growing prospects of further Fed rate hikes, so far unaffected by loser oil prices, which may ease inflationary pressures. Today’s break above Fibo barrier at 100.32 (61.8% of 101.48/98.44, also top of descending daily Ichimoku cloud) generated fresh…

Brent oil holds in red for the fifth consecutive day and extends the bear-leg from $110 resistance zone (after a multiple upside rejections) below psychological $100 support on Tuesday. Growing hopes that diplomatic actions would prevent further escalation, brought fresh wave of optimism and deflated oil prices for more than $10 in past couple…

USDJPY rose on Monday, offsetting initial negative signal from Friday’s strong upside rejection (long upper shadow of Friday’s daily candle / potential bull-trap over 157.52 Fibo barrier) and keeping near-term bulls in play. Fresh advance pressures cracked Fibo level at 157.52 (61.8% of 160.39/152.88 bear-leg / 30DMA) break of which to open way…

BTCUSD accelerated higher on Monday (up over 4% in Asia / early Europe), extending Friday’s sharp rally (up 6%). Bulls took a breather for a brief consolidation during the weekend, with initial bullish signal seen on Friday’s close above psychological 80K barrier, being boosted by break of next pivotal barriers at 82331 (Fibo 61.8% of…