Silver rises further after Friday’s strong rally and hits new record high
Silver moves deeper into uncharted territory and hit new record high ($57.84) in early Monday trading, in extension of Friday’s strong acceleration higher (up 5.6%, the biggest daily gain in nearly 8 months) which broke and close above…
Read More...
Read More...
AUDNZD accelerates lower after RBNZ’s hawkish cut
The pair fell one full figure and hit the lowest in almost one month after the Reserve Bank of New Zealand cut rates by 25 basis points, as expected, but signaled pause that lifted kiwi dollar.
Fresh weakness extended below Nov 18 higher…
Read More...
Read More...
Gold keeps firm tone after 1.6% advance on fresh dovish signals from Fed
Gold keeps firm tone and consolidates under new 1 ½- week high on Tuesday, following Monday’s 1.6% advance.
The latest dovish comment from Fed policymakers revived hopes of Fed rate cut in December that brightened the sentiment and…
Read More...
Read More...
AUDUSD – bounce from new three-month low was so far limited
AUDUSD – Last Friday’s bounce from new three-month low (bears were contained by the top of thick weekly Ichimoku cloud) was repeatedly obstructed by broken 200DMA (0.6458 – reverted to resistance)
Monday’s action is moving within limited…
Read More...
Read More...
USDJPY eases on verbal intervention
USDJPY eased from new ten-month high on Friday after the latest comments from top Japanese officials boosted expectations for intervention, as yen weakened significantly in past couple of weeks and came closer to the levels where the…
Read More...
Read More...
Gold falls sharply on further cooling of Fed Dec rate cut expectations
Gold lost ground on Friday and fell over 3% following more hawkish tones from Fed policymakers that further dropped bets for December rate cut (below 50%, compared to 80% on Thursday and over 90% just a couple of days ago).
FOMC members…
Read More...
Read More...
BTCUSD extends steep fall well below psychological100K support
BTCUSD holds in a steep descend for the fourth consecutive, with strong acceleration lower on Thursday / early Friday, being sparked by fresh sales of risky assets.
Traders remain concerned about lack of economic data following the…
Read More...
Read More...
EURJPY hits new record high, intervention looms
EURJPY continues to trend higher and hit new record highs with Yen being additionally pressured by dovish comments from Japanese PM, who administration’s expressed preference to keep interest rates low.
On the other hand, comments from…
Read More...
Read More...
GOLD takes a breather after recent rally but bulls remain in control above $4100
Gold price holds in consolidating mode for the second consecutive day, as bulls take a breather after strong rally on Monday, which broke above some key barriers and generated fresh bullish signals.
Very limited profit taking keeps the…
Read More...
Read More...
EURGBP on track to resume uptrend after a shallow correction
Fresh bullish acceleration from new higher base at 0.8765, extends into second consecutive day and came just ticks ahead of 2025 peak (0.8829, posted last week) on track to fully reverse four-day 0.8829/0.8765 corrective leg and to resume…
Read More...
Read More...