EURUSD – limited correction to precede fresh weakness
The Euro was slightly higher on Monday morning, underpinned by fresh risk appetite but gains were so far limited.
Steady downtrend in past six weeks may take a breather for a partial profit-taking as studies are oversold, though…
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Dollar index – bulls may pause for shallow consolidation before attacking key resistances
The dollar index eased from new highest in almost three months in early Monday, as traders collected some profits and fresh risk appetite also weighed on dollar.
The Fed Chair Powell’s speech in Jackson Hole symposium was mainly in line…
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AUDUSD remains under pressure but key support still holds
AUDUSD is holding within a narrow range on Friday, as price action reduces speed ahead of today’s key event -speech of Fed Chair Powell at Jackson Hole symposium, which is expected to give more hints about the central bank’s steps in the…
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Dollar index – bulls hold grip ahead of Powell’s speech in Jackson Hole
The dollar index keeps firm tone and hit the highest since early July in early Friday’s trading, in extension of Thursday’s 0.63% advance (the biggest one day gains since July 27).
The greenback resisted some softer tones from Fed…
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Euro falls to new multi-week low following break of key supports
The Euro dips further on Friday and on track for the sixth consecutive weekly loss.
Weak risk sentiment and growing expectations that the Fed and ECB would raise their interest rates again in November, add pressure on the single currency,…
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GBPUSD – key supports remain under increased pressure but signals from Jackson Hole likely to…
GBPUSD came under renewed pressure on Thursday and tested again key supports at 1.2637/26, after Wednesday’s dip to these levels was short-lived and left daily Doji candlestick with long tail.
Better than expected US weekly jobless…
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Turkish lira surges after the CBRT shocked markets with 750 basis points rate hike
USDTRY was sharply lower on Thursday, falling two full figures so far, following unexpectedly big CBRT’s rate hike.
Steep fall from new record high (27.242) posted on Wednesday, hit so far the lowest in nearly two months, with prospects…
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USDJPY – bulls hold grip despite multiple failure at pivotal Fibo barrier
USDJPY regains traction on Thursday and retraces a part of two-day pullback, which was sparked by repeated failure to clearly break Fibo barrier at 146.10 (76.4% of 151.94/127.22 descend).
Bullish setup of daily indicators adds…
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Gold price climbs to two-week high
Recovery leg from $1884 (Aug 17/21 double-bottom) extends into fourth straight day and hit two-week high in early Thursday’s trading.
Gold’s near-term action remains underpinned by weaker dollar and increased demand as traders await…
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Oil prices accelerate lower on fresh demand concerns
WTI oil price fell around 1.6% on Wednesday after weak manufacturing data from Japan, Eurozone and Great Britain (PMI’s stay in contraction territory below 50 threshold) raised concerns about demand and further soured near-term sentiment.…
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