Oil is consolidating after strong fall on Thursday, near-term bias remains with bears
Oil price regained traction and edged higher on Friday morning, after falling over 3% previous day, following comments from Russian member of OPEC+ that the cartel is unlikely to further cut production at their meeting on June 4.…
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Turkish lira cracks psychological 20 support and hits new record low against dollar
The Turkish fell to new record low against US dollar in early Friday, on probe through psychological 20 level.
Fresh weakness came ahead of this weekend’s presidential election runoff, with President Erdogan so far being well ahead of…
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AUDUSD hits six-month low after break of key supports
Australian dollar remains in a steep fall for the third consecutive day, driven by rising US dollar on safe haven buying / hawkish Fed and higher than expected estimation for the US Q1 GDP.
The Aussie fell to the lowest in more than six…
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Euro falls to two-month low vs dollar as bears gain pace
The Euro extends fresh bear-leg after ending a brief consolidation and hit two-month low in European session on Thursday.
Rising dollar on expectations that the Fed would remain in a hawkish mode and debt ceiling uncertainty, keep the…
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Dollar may rise further on debt ceiling uncertainty and signals of more Fed rate hikes
The dollar index keeps firm bullish stance and hit ten-week high on Thursday, driven by growing uncertainty over so far unsuccessful talks about raising US debt ceiling ahead of June 1 deadline, when the Treasury will run out of money.…
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Kiwi dollar at new multi-month low after sharp fall on dovish RBNZ
The Kiwi dollar is holding firmly in red in early Thursday and extends steep fall into third straight day.
Bears hit the lowest since mid-November on probe through key short-term support at 0.6084 (2023 low, posted on Mar 8), in…
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EURUSD looks for fresh direction signals
The Euro is holding within the range which extends into fourth consecutive day, pressured by the base of thickening daily cloud, but so far unable to clearly break through freshly established base at 1.0760 zone.
Near-term action remains…
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Key support zone under increased pressure
Australian dollar hit new (marginally lower) 2023 low on Tuesday, in extension of fresh weakness, sparked by higher US dollar and drop in base metal prices.
Bears cracked the floor of a larger range (0.6563/0.6818, since early March) and…
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UK inflation eases less than expected in April, adding pressure on BoE
Inflation in Britain eased in April and fell below two-digit values for the first time since August, but missed expectations, while core inflation which excludes the most volatile components, rose well above expectations / previous month…
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Oil price rises on improved sentiment but faces strong headwinds at key resistance zone
Oil price rose on Tuesday on optimism on eventual deal on debt ceiling talks to avoid debt default scenario, while the latest comments from Saudi oil minister fueled expectations that OPEC+ may opt for further production cuts in its June 4…
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