Gold is on track for further gains after consolidation
Gold hit new multi-month high ($2032) on Wednesday, in extension of Tuesday’s sharp acceleration, when metal’s price was up 1.8% for the day (the biggest daily gain since Mar 17).
Weak US data contributed to growing expectations…
Read More...
Read More...
Bulls hold grip after weak US labor data
The Euro keeps firm tone and holding within a narrow consolidation under new two-month high on Wednesday.
The single currency was lifted by weaker than expected US JOLTS job openings data on Tuesday, with today’s release of US ADP…
Read More...
Read More...
USDCHF falls to multi-month low as pressure on greenback rises
The dollar fell to the lowest level since Aug 2021 against Swiss franc on Wednesday, in extension of sharp bearish acceleration in past two days, when the pair lost 1.1% of its value.
Fresh weakness broke through key med-term supports at…
Read More...
Read More...
US dollar index – consolidation to precede final push towards 100.66/00 targets
The dollar index consolidating above new two-month low, posted after a sharp fall in past two days.
The greenback was deflated by renewed risk appetite, while weak latest economic data from the US suggest that economic conditions are…
Read More...
Read More...
Aussie dollar under increased pressure on expectations that interest rate has peaked
Australian dollar remains in red for the second consecutive day, with bearish acceleration in early Wednesday, generating an initial signal of reversal, after recovery leg from 0.6563 Mar 10 low, stalled under 100DMA (0.6797).
The Aussie…
Read More...
Read More...
Kiwi jumps after RBNZ surprise, but bulls face headwinds
The Kiwi dollar rose around 80 pips in early Wednesday, after the Reserve Bank of New Zealand, in its policy meeting today, surprised markets by increasing its official cash rate by 50 basis points, against widely expected 25 basis points…
Read More...
Read More...
Gold surges to one-year high
Gold was sharply up in early US trading on Tuesday, breaking through psychological $2000 level and hitting the highest since March 2022.
Fresh rally was sparked by weaker than expected US data which added to uncertainty and prompted…
Read More...
Read More...
Cable surges to the highest since June
Cable extends step ascend into second straight day, extending broader uptrend above former tops (1.2447) and hit new multi-month high on probe through 1.2500 barrier, for the first time since June 2022.
Pound benefited from fresh…
Read More...
Read More...
Bulls hold grip and ready for further gains
Fresh acceleration higher is probing through pivotal barrier at 1.0930 (Mar 23 spike high) after three-day consolidation and signaling that the euro holds firm tone.
Fresh bulls were sparked by much better than expected German export /…
Read More...
Read More...
Gold keeps firm tone but still holding in a range and looking for fresh signals
Gold bounces back after short-lived negative reaction on OPEC’s surprise decision which temporarily inflated dollar.
Renewed strength pushes the price back to the middle of the near-term range ($2009/$1944) established after multiple…
Read More...
Read More...