Cable dipped on Monday on fresh risk aversion and tested again key 1.3470 support zone (Fibo 38.2% of 1.3140/1.3675, reinforced by rising 55DMA and bull-trendline off 1.3140 low) where several attacks have been recently rejected. Eventual break of this temporary higher base would generate fresh bearish signal (bearish continuation of descend…

EURUSD fell around 0.5% in early Monday trading, deflated by stronger dollar on growing expectations for Fed rate hike, as well as safe haven buying on the latest warning that pace of AI development must slow to prevent threats to humanity that resulted in strong drop in AI-linked stocks. The pair hit one month low (1.1534), with fresh…

Gold edged higher in early Friday trading on a partial profit-taking after Thursday’s 2% drop, as traders await release of key US inflation data for fresh direction signals. Gold was deflated by sharp rise in oil prices and under pressure from growing expectations for Fed rate hike in September policy meeting, with today’s inflation data to give…

Brent oil price surged over $3 on Thursday and hit levels close to $106, last traded on May 22 after Wednesday’s break and close above psychological $100 barrier generated strong bullish signal. Strong escalation in the Middle East which resulted in US attacks on Iranian tankers and Iran’s response targeting US military bases and ships, boosted…

EURGBP jumps 0.3% on Wednesday as Euro gets inflated by weaker dollar and expectations that the ECB will join the trend of policy tightening by the major central banks, while the Bank of England is likely to keep more cautious approach and probably keep rates on hold that keeps sterling in defense. Fresh strength retraces over 61.8% of…

The dollar index continues to trend lower for the second consecutive week and hit new lowest in almost three weeks on Wednesday. The dollar reversed direction and entered downtrend since the US-backed intervention to support weakening yen and bond buybacks in late July (drop from 101.48 to 99.45, where bears found temporary support). Bears…

AUDUSD extends the latest upleg from 0.7121 higher low into fifth consecutive day, underpinned by growing expectations for RBA rate hike at the policy meeting on Sep 29. The latest comments from RBA policymaker underlined bank’s strong concerns about inflation which remains well above 2% target, although it has eased by 1.1% since March (July…

Brent hit new multi-week high on Tuesday following fresh escalation in the Middle East which threatens to further disrupt a tiny flow through the key Strait of Hormuz supply route. The price neared psychological $100 barrier after Houthis in Yemen, backed by Iran, attacked energy facilities in Saudi Arabia that increases risk of spreading the…