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…

USDJPY accelerated lower at the start of the week (down over 1% in Asian / European trading on Monday), attempting to resume a sharp fall of last week, which made a brief pause on Friday. Japanese yen was lifted from its multi-decade lows by the first intervention in late July and received fresh boost by strong hawkish shift in BoJ’s rhetoric…

Gold fell almost $100 on Friday following surprise surge in US nonfarm payrolls that eased worries of US policymakers and boosted expectations of rate hike on Sep 16 policy meeting. Upbeat US labor data pushed the metal’s price down to over 2.5% and signals that gold would register the second consecutive weekly closing in red. The fresh drop…

EURJPY extends steep fall into second consecutive day (down 1.3% durian Asian / European trading on Thursday), losing so far over 2%. Fresh strength of Japanese yen was sparked by hawkish narrative of Japanese officials which points to faster pace of BOJ rate hikes against growing inflationary pressures, while analysts sidelined scenario about…

USDJPY drops sharply in early US trading on Wednesday (down over 1%) after the pair hit the highest in almost five weeks (160.39) but bulls repeatedly failed to sustain gains above psychological 160 barrier. The latest hawkish shift from BoJ officials in calling for quick action to support weakening yen in the situation of increasing…

Brent consolidates under new multi-week high ($96.99) on Wednesday, following 4.7% rally on Tuesday (the biggest one-day gain since July 23) sparked by renewed hostilities between the US and Iran. Growing worries about global supply, due to almost total closure of strategic Hormuz strait, the fact that after US and EU almost completely drained…

Gold remains at the back foot on Monday, but bears found temporary footstep at $4400 zone (Fibo 38.2% of $3942/$4697 recovery leg / 20DMA) and consolidate after Friday’s 3.2% fall (the biggest one-day loss since June 10). Gold was deflated by hawkish comments from Fed Chair Warsh in Jackson Hole symposium which boosted expectations for rate hike…