Bitcoin – violation of key supports risks deeper correction
Bitcoin was sharply down in early Tuesday trading (losing over 6% in Asian / early European session) as soured sentiment sparked strong selling.
Fresh fall broke through key 90K support zone (floor of larger 90K/110K range) and…
Read More...
Read More...
WTI oil corrects Friday’s 3.1% drop, peace talks prospect and start of northern Iraq oil…
WTI oil price bounced from new two-month low ($70) on Monday, on partial profit-taking from Friday’s 3.1% drop (the biggest daily loss since Nov 25).
Fresh bears cracked psychological $70 support and probed through the floor of the…
Read More...
Read More...
EURUSD – rejection under key barriers keeps the downside vulnerable
EURUSD hit one-month high (1.0528) in early Monday trading, in immediate reaction to German election results, but fresh gains were quickly reversed, mainly due to the lack of bigger election surprises.
Initial signs of recovery stall…
Read More...
Read More...
USDJPY cracks 150 support after 1% drop on Thursday
USDJPY was sharply down on Thursday morning as yen received fresh boost from growing expectations of BoJ’s more aggressive approach to monetary policy.
The price fell almost 1% during Asian/ early European trading and cracked…
Read More...
Read More...
Gold is heading towards $3000 target
Gold price continues to trend higher and hit new all-time high in early Thursday trading, driven by growing uncertainty over US tariffs and turbulent pollical conditions which fueled safe-haven demand.
Investors remain concerned that US…
Read More...
Read More...
Reserve Bank of Australia cuts rates as expected, but remains cautious on further policy easing
The Reserve Bank of Australia cut interest rates by 25 basis points to 4.1% on policy meeting today, in a widely expected decision.
Today’s rate cut is the first one since 2020 pandemic crisis and signaling that the RBA is entering…
Read More...
Read More...
AUDUSD holds near new 2025 high ahead of RBA rate decision
AUDUSD hit new 2025 high on Monday (the highest since mid-December) in extension of broader rally in past two weeks (up nearly 5% on bounce from the lowest level in almost four years).
Weaker US dollar continue to fuel Aussie dollar’s…
Read More...
Read More...
USDJPY – weekly inverted hammer suggests that bears may lose traction at the zone of key Fibo…
USDJPY remains in red for the third consecutive day and hits again pivotal Fibo support at 151.50 (38.2% of 137.57/158.87).
Recent attack was contained at this zone that validates support, setting scope for another rejection here that…
Read More...
Read More...
Gold eases on Friday’s profit taking, larger bulls hold grip
Gold price eased in the US trading on Friday after hitting the levels just ticks under new record high ($2942, posted on Tuesday), but remains well supported and on track for the seventh consecutive weekly gain.
Friday’s partial…
Read More...
Read More...
US retail sales drop well below expectations in January
US retail sales disappointed by falling way below expectations in January, with harsh weather mainly to be blamed for last month’s drop, along with wildfires in California.
Retail sales fell 0.9% in January following an upwardly revised…
Read More...
Read More...