EURUSD – recovery is losing traction
EURUSD is trading within a narrow range during European session on Tuesday, following strong rebound in past two days after larger bears were rejected at key support at 1.0635 (May 31 low).
Technical picture remains increasingly bearish…
Read More...
Read More...
Dollar Index bulls pause under key resistance ahead of Fed policy meeting
The dollar index remains steady and holding within a narrow range just under 6-month high on Monday.
Larger picture shows near-term action moving in the sideways mode for the third consecutive week, as bulls faced strong headwinds on…
Read More...
Read More...
Gold -bulls continue to face headwinds but eye support from Fed rate pause
Gold retested key near-term barrier at $1930 on Monday, but was so far unable to break higher, following recent triple rejection at this level, where 55DMA repeatedly capped attacks.
Renewed strength after last week’s double upside…
Read More...
Read More...
USDJPY – bulls hold grip ahead of Fed and BOJ policy meetings
USDJPY keeps firm tone and holds within a narrow range just under new multi-month highs (147.87/95) in European trading on Monday.
Today’s quiet mode is mainly due to lower volumes as Japan is shut for holidays, while traders became more…
Read More...
Read More...
Crude oil price continues to rise on tighter supply and brightening demand outlook
WTI oil price new highest in more than ten months in early Monday, in extension of last week’s 4.4% advance.
Several factors continue to fuel strong bullish sentiment, with decision of Saudi Arabia and Russia to extend their additional…
Read More...
Read More...
Cable stands at the back foot ahead of UK CPI report and BOE rate decision
GBPUSD bears slowed on Friday but hold grip and point to further weakness, following a 0.6% drop on Thursday.
Adding to negative signals was break below 200 DMA (1.2431) for the first time since early March, with Friday’s close below it,…
Read More...
Read More...
Bulls look for retest of 2023 peak
Bulls regained control and are on track to fully retrace a pullback sparked by comments of BoJ Governor Ueda about possible change in monetary policy.
Positive impact on yen was short-lived as dollar remains well supported despite…
Read More...
Read More...
The latest rate hike shows that the ECB prioritizes fight with inflation
The European Central Bank raised its key interest rate on Thursday, pushing it to a record high of 4%, choosing to continue to battle high inflation despite strong warning that economic growth has entered a steep downtrend in condition of…
Read More...
Read More...
WTI Oil – bulls eye $90 barrier, underpinned by tight supply outlook
WTI oil keeps firm tone and hit new multi-month high on Thursday, approaching psychological $90 barrier.
Tighter global supply outlook on the recent decision of Saudi Arabia and Russia to extend production cut until the end of the year,…
Read More...
Read More...
EURUSD – ECB’s verdict expected to define near-term direction
EURUSD is in a quiet mode in European session on Thursday, awaiting fresh direction signals from the ECB’s decisions on today’s policy meeting.
Near-term action remains at familiar levels, near the mid-point of a narrow range which…
Read More...
Read More...