USD INDEX – bears take a breather after Friday’s sharp fall
The dollar index edged higher on Monday morning after losing almost 1.5% on Friday (the biggest daily loss since Apr 10).
Disappointing US NFP data in July and strong downward revision of previous month’s figure, as well as higher…
Read More...
Read More...
Gold rises sharply after US labor data but key barriers still hold
Gold price was sharply up on Friday, gaining around 1.5% after US labor data soured the sentiment and sparked fresh migration into safety.
Much weaker than expected job growth in July and strong downward revision of previous month’s…
Read More...
Read More...
Sharp drop in job growth and higher unemployment point to slowdown in US labor sector
US nonfarm payrolls increased by 73,000 jobs in July, falling well below forecast at 110,000 and against disappointing downwardly revised June’s figure to 14,000 from initial release at 147,000.
Unemployment ticked up to 4.2% last month…
Read More...
Read More...
Eurozone inflation remains unchanged at 2% in July
Inflation in the Eurozone remained unchanged at the ECB's 2% target in July, coming just a tick above 1.9% forecast and confirming the bank's softer view of prices outlook.
July’s numbers also add to the central bank’s stance to keep…
Read More...
Read More...
BTCUSD – break of two-week range floor is negative signal but key support still holds
BTCUSD fell to three-week low at 114K zone on Friday morning after the latest orders from President Trump to impose trade tariffs on a number of countries, soured the sentiment.
The latest dip that broke below two-week consolidation…
Read More...
Read More...
Copper extends steep fall, sparked by modification of Trump’s tariff plan for metal’s…
Copper remains firmly in red on Thursday after falling over 18% previous day and extends weakness to the lowest in almost four months.
Copper price collapsed from the zone near new record high after President Trump surprised markets by…
Read More...
Read More...
Gold bounces from a multi-week low but recovery faces strong barriers
Gold price bounced from one-month low ($3268) on Thursday, recovering the large part of Wednesday’s 1.6% drop.
Gold was deflated by stronger dollar which rallied on recent US trade deals and expectations that the Fed will keep its…
Read More...
Read More...
Cable remains under increased pressure
Cable fell to the lowest in almost 2 ½ months on Wednesday, extending a steep fall from 1.3588 (July 24 lower top) into fifth straight day.
Sterling is likely to weaken more as recent much better than expected US economic data (ADP…
Read More...
Read More...
EURUSD extends steep fall into third day, eyes Fed’s decision for fresh signals
EURUSD extends the sharp fall into third consecutive day, losing about 2.5% since Monday opening.
Fresh strength of dollar on very favorable for the US trade deal with EU and much stronger than expected US economic growth in the second…
Read More...
Read More...
WTI OIL – bulls pause under cloud top after strong advance in past two days
WTI oil price eases from new five-week high on Wednesday after advancing over 6% in past two days.
Partial profit taking after strong rally was caused by technical signals, as well as on uncertainty over President Trump’s latest threats…
Read More...
Read More...