USDJPY regains traction after Friday’s fall
USDJPY edged up in early Monday, recovering a part of Friday’s around 1% drop, sparked by dovish comments from Fed Chair Powell.
Friday’s fall was contained by rising 55DMA (146.60) which tracks the pair’s ascend since early July, as…
Read More...
Read More...
Gold rises over 1% on dovish Powell’s remarks in Jackson Hole
Gold price jumped to one-week high on Friday, in immediate reaction to the speech of Fed Chair Jerome Powell at the Jackson Hole symposium.
Markets saw Powell’s remarks as dovish as he pointed to growing risk to the job market…
Read More...
Read More...
German economy contracts more than expected in the second quarter
Germany’s economy shrank by 0.3% in the second quarter of 2025 compared with the previous quarter, according to revised figures from the statistics office on Friday, which had initially estimated a smaller contraction of 0.1%.
Industrial…
Read More...
Read More...
Dollar index keeps firm tone ahead of Powell’s speech
The dollar index stood at the front foot and hit three-week high on Friday morning, as improved sentiment on Fed policy outlook continued to boost dollar in past few days.
Initial signals that the central bank may opt for more aggressive…
Read More...
Read More...
WTI oil edges higher on demand, crude stocks drop and uncertainty over peace talks
WTI oil price rose to one-week high on Thursday, adding to initial signals of basing and possible reversal, after the downleg from $70.50 (July 30 peak) found temporary footstep at $61.50 zone.
Expectations for growing US oil demand,…
Read More...
Read More...
GBPUSD continues to pressure daily cloud base following limited positive impact from higher than…
Cable edged higher on Wednesday after testing next key support provided by daily cloud base (1.3464), following break below psychological 1.3500 level (reinforced by daily Tenkan-sen) previous day.
Pound was lifted by disappointing UK…
Read More...
Read More...
UK inflation rises to multi-month high in July
Inflation in Britain rose to 3.8% in July from 3.6% in June and above 3.7% forecast, hitting the highest since early 2024.
July data also showed British inflation is the highest and fastest growing among world’s largest economies.
The…
Read More...
Read More...
AUDUSD – neutral near-term tone while the price ranges within daily cloud
AUDUSD remains in a sideways mode for the third straight day, with near term price action moving within a narrow daily cloud.
Upticks above cloud top (0.6512) were repeatedly capped by daily Kijun-sen (0.6522) that resulted in attack at…
Read More...
Read More...
WTI Oil – bears hold grip ahead of Ukraine peace talks
WTI oil price returned to red on Monday following limited and short-lived support from US threats to India to stop buying Russian oil.
The oil price fell further and pressure the floor of near-term consolidation range that extends into…
Read More...
Read More...
Gold – bullish bias above daily cloud, all eyes on Trump’s meetings with political…
Gold price edged higher in early Monday, as uncertainty grows ahead of today’s meeting between President Trump and leaders of Ukraine and some European countries.
The US President sent a strong signal that the US wants to end war in…
Read More...
Read More...