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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Weak UK PMI data deflate pound but key supports still hold
Cable accelerated lower on Tuesday, deflated by weaker than expected UK PMI data for April.
Activity in services sector, the largest segment of UK economy, fell to 55.1 from 55.9 previous month and missed consensus at 55.5, while…
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Gold comes under renewed pressure on hawkish Fed / debt ceiling deal hopes
Gold dips further on Tuesday, as renewed hawkish stance from Fed and optimism about debt ceiling deal improve risk sentiment and inflate dollar.
Fresh weakness eyes pivotal $1950 zone (lows of last Thu/Fri) and Fibo support at $1944 (50%…
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Safe haven Swiss franc rises to seven-month high vs Euro
The EURCHF pair fell to the lowest in over seven month on Monday, in fresh acceleration of larger downtrend from double- rejection at parity level in late March, during past two sessions.
Growing uncertainty over US debt ceiling talks…
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