USDJPY – fresh acceleration lower cracks important supports
USDJPY edged higher after fresh acceleration lower in European session on Monday, hit new multi-week low.
Bears found footstep at 50% retracement of 148.64/158.87 upleg, but upside is likely to be limited, as broken supports at 154.96/76…
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EURUSD – recovery holds grip, but FED/ECB policy divergence may obstruct bulls
EURUSD regained traction after overnight’s drop and rose above 1.05 handle, penetrating falling daily cloud (spanned between 1.0490 and 1.0664), after better than expected German January Ifo report boosted the sentiment.
Bulls…
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Bitcoin collapses below 100K
Bitcoin was sharply down and dipped below psychological 100K support in early Monday trading.
The price dropped around 6% in Asian session, in the biggest session drop in a weeks, mainly driven by risk-off selling.
Fresh drop weakened…
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Gold extends gains on Trump’s latest comments, nears record high
Gold price accelerated higher on Friday, offsetting initial negative signal that was developing on daily chart, from Thursday’s Hanging man candlestick.
Fresh gains (up 1% until early US session on Friday) came ticks ahead of gold’s…
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GBPUSD lifted by strong data, but more work at the upside needed to verify positive signal
Cable rose further on Friday, following better than expected UK PMI data, while the near term action remains underpinned by weaker dollar.
Fresh strength cracked daily Kijun-sen (1.2414) and approached next barrier at 1.2455 (50%…
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Japanese yen fails to benefit more from BoJ rate hike
USDJPY dipped early Friday on widely expected BoJ rate hike by 25 basis points, but the weakness was so far short-lived, despite interest rate rising to the highest in 17 years.
Subsequent bounce (approx. 100 pips) suggests that the…
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WTI oil -daily studies signal possible end of recent drop
WTI oil remains at the back foot on Thursday, but moving at the lower pace, compared to a steep fall in past few sessions when oil price was down around four dollars.
Key drivers of oil price were signals of increased US oil production…
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Gold rises further on uncertainties over US trade policies, weaker dollar
Gold price hit new multi-week high early Wednesday, in extension of Tuesday’s 1.4% advance, with near-term action being well supported by strong safe haven demand on fresh uncertainties over Trump’s trade policies that weakened dollar and…
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EURUSD – limited recovery suggests that larger bears hold grip
EURUSD fell on Tuesday morning, erasing about a half of Monday’s 1.3% rally, sparked by decision of President Trump to keep tariffs on hold, against initial plan to impose them from the day one.
A breather in the larger downtrend seems…
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US dollar dips across the board on signals that US tariffs may not be imposed immediately
The dollar index was sharply down in early US trading on Monday (losing 1% so far) in immediate reaction on media report, saying that new US President will stop short on imposing new tariffs on his first day.
Tariffs were among other…
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