Crude oil – rising demand and concerns about supply continue to boost the price
WTI oil price rose further and hit the highest in two weeks on Wednesday, as larger than expected draw in US crude inventories (API report) point to increased demand, while a hurricane in the Gulf of Mexico raises concerns about supply.…
Read More...
Read More...
GOLD – recovery may extend further on fading US rate hike prospects
Gold price is holding within a narrow consolidation on Wednesday, following 0.9% acceleration on Tuesday.
Fresh bulls extended recovery from $1884 (Aug 17/21 double-bottom) to the highest in three months, cracking important Fibo barrier…
Read More...
Read More...
AUDUSD – violation of current range boundaries to generate fresh direction signal, US data in…
AUDUSD edged lower in early European trading on Wednesday, reversing some gains made in Asian session, in reaction to weaker than expected US labor data released late Tuesday.
JOLTS report showed drop in job opening to the lowest in over…
Read More...
Read More...
GBPUSD – bears hold grip but likely to take a breather ahead of key US data
GBPUSD bears are pausing on Monday after last week’s 1.2% fall, as oversold daily studies slowed the pace of fall, which registered the strongest acceleration last Thursday.
Consolidation was so far narrow, as the sterling remains…
Read More...
Read More...
USDJPY – weekly close above pivotal Fibo barrier reinforces bullish stance
USDJPY keeps firm tone at the beginning of the week, as hawkish tones from Fed Chair Powell on Friday, offered additional support to dollar.
Faded threats of Japan’s intervention to support yen, expected on breach of 145 trigger,…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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,…
Read More...
Read More...