EURUSD – limited consolidation to precede fresh push lower
EURUSD edges higher from new 5 ½ month low 1.0602) on Tuesday, as strongly oversold daily studies prompted profit-taking.
Near-term sentiment turned fully bearish, and the action weighed by a large weekly bearish candle (the par was down…
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Dollar index hits five-month high as strong US data raise doubts about rate cuts
The dollar continues to strengthen against its major peers, extending the steep upleg into fifth straight day and posting new five month high in early Tuesday.
The latest economic data from the US showed stronger than expected rise in…
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AUDUSD – recovery attempts stall after solid US data
Monday’s recovery attempt after the pair fell by 1.1% on Friday, was limited and likely short-lived, as renewed risk appetite on easing fears about escalation of the conflict in the Middle East, was offset by better than expected US retail…
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US retail sales increased more than expected in March, adding to a brighter outlook for Q1
US retail sales increased above expectations in March, adding to signals that the economy performed well in the first three months of 2024.
Retail sales rose 0.7% month on month in March, against 0.9% in February, revised higher from…
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Bitcoin – strong bounce retraces over 50% of last week’s 12% drop
Bitcoin extends strong bounce from new multi-week low ($60227), recovering over 50% of last Fri/Sat almost 12% fall and sidelining downside threats for now.
Fresh rally emerged above thick daily cloud, with close above cloud top ($64710)…
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USDJPY resumes rally after a brief pause
USDJPY resumes uptrend on Monday, after a brief pause last Thu/Fri and hit new multi-decade high, just ticks ahead of 154.00 round-figure barrier.
Bulls hold grip despite increased pressure from overbought studies, with last week’s close…
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Gold – sharp pullback from new all-time high warns that bulls might be losing traction
Gold keeps firm tone in early Monday, despite strong pullback from new record high ($2431) in late Friday trading.
Growing geopolitical tensions and fears of escalation of the conflict in the Middle East continue to fuel demand for safe…
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GBPUSD – break of pivotal supports sparks fresh acceleration lower
Cable fell to the lowest in nearly five months on Friday, following fresh bearish acceleration through psychological 1.2500 support and Fibo level at 1.2465 (50% retracement of 1.2037/1.2893 uptrend.
Breach of a multi-month range floor…
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Gold hits new record high
Gold climbed to new all-time high on Friday and cracked psychological barrier at $2400, remaining at a high speed and again taking just few days for a trip from one to another round-figure barrier.
Growing geopolitical tensions continue…
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EURUSD extends steep fall as bears take full control after US inflation data / ECB policy decision
The Euro continues to trend lower and hit new 2024 in early Friday, as steep fall extends into third consecutive day, keeping the pair on track to the biggest weekly loss since the second week of May 2023.
The single currency stumbled…
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