Dollar index rises on fresh hawkish signals from Fed; US NFP in focus
The dollar index hit new highest in two and a half months following fresh acceleration higher on Wednesday, sparked by renewed hawkishness from Fed.
Comments that there are no significant reasons for the central bank to pause its rate…
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Aussie dollar under increased pressure from weak China’s manufacturing data
Australian dollar fell to new multi-month low in early Wednesday, after coming under increased pressure from risk aversion and slowdown in Chinese factory activity.
China’s manufacturing PMI fell to 48.8 in May vs 49.2 contraction in…
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Yen gains traction but traders remain cautious ahead of US labor report
The USDJPY dipped below 140 mark on Tuesday, adding to reversal signals which are developing on daily chart.
Pullback from new 2023 peak (140.93) comes after Doji candle on Monday showed indecision, signaling that larger bulls were…
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Oil price tumbles on fading risk sentiment
Oil fell sharply on Tuesday, losing almost 4% until early US session, as risk sentiment soured on fresh concerns about the US debt ceiling deal, while supply outlook is unclear due to mixed messages from world major oil producers, just days…
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Violation of psychological 1.07 support signals bearish continuation
Probe through psychological 1.07 support in early Tuesday adds to negative signals as larger bears off 2023 high (1.1095) resume after hesitating at 1.07 level in past two days.
Daily studies remain in full bearish setup and maintain…
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Near-term directionless mode extends
Gold is trading in a narrow-range sideways mode for the second straight day, hovering above new multi-week low and nearby trendline support ($1936).
Metal’s price is stuck between two opposite forces – optimism about eventual deal in…
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Bulls started to lose traction on strongly overbought studies / weaker dollar
The USDJPY eases from new over six-month high on Monday, as strongly overbought conditions on daily chart prompted traders to start collecting profits.
The dollar started to lose traction after rallying for three consecutive weeks and…
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Near-term action looks for clearer direction signal as daily studies are mixed
Cable is standing at the front foot at the start of the week, though recovery attempts were so far limited.
Near-term action remains capped by the top of rising daily cloud for the third consecutive day, with strong upside rejection on…
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Larger bears to remain intact while key 1.0800 resistance zone caps recovery
The Euro edges higher in early Monday trading, generating initial bullish signal on formation of reversal pattern on daily chart, after Friday’s Doji candle signaled indecision.
Oversold daily studies and weaker dollar on growing…
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US dollar index – bulls are pausing after strong rally in past four days
The dollar index price edges lower on Friday, as bulls take a breather after strong acceleration in past four days pushed the price to the highest in ten weeks.
The action was boosted by renewed expectations that the Fed may keep high…
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