Gold tests $2000 barrier again but continues to face strong headwinds here
Gold remains steady and moving around $2000 barrier which was repeatedly cracked on Friday.
Steep recovery after a text-book correction extends into third straight day, keeping the yellow metal on track for the fourth consecutive weekly…
Read More...
Read More...
Yen advances further on increased safe-haven demand
The USDJPY broke below psychological 130.00 support on Friday, hitting the levels last traded on Feb 10.
The pair is holding firmly in red, on track for the fourth consecutive weekly loss, fueled by increased safe-haven demand.…
Read More...
Read More...
Euro loses ground as banking stocks collapse
Cable is standing at the back foot in early Friday’s trading after hitting new highest since early February on Thursday but failing to sustain post-BOE gains.
The Bank of England raised its interest rates by 25 basis points, in line with…
Read More...
Read More...
Cable loses traction after upside rejection, little help from upbeat UK retail sales
Cable is standing at the back foot in early Friday’s trading after hitting new highest since early February on Thursday but failing to sustain post-BOE gains.
The Bank of England raised its interest rates by 25 basis points, in line with…
Read More...
Read More...
Bank of England raises interest rates by 25 basis points on higher inflation / bank worries
The Bank of England delivered another rate hike in its March policy meeting, raising interest rates by 25 basis points to 4.25%, the highest since 2008.
This was BOE’s 11th consecutive rate increase, in the cycle that started in December…
Read More...
Read More...
Bulls are running out of steam after a six-day rally
Steep ascend extends into sixth consecutive day, with strong acceleration seen in post-Fed period on Wednesday and extending to new seven-week high in late Asian / early European trading on Thursday.
However, long upper shadows on daily…
Read More...
Read More...
Gold regains traction on Fed’s dovish shift / growing uncertainty
Gold keeps firm tone on Thursday and rose further, in extension on Wednesday’s post-Fed 1.5% rally.
The metal shined after dovish shift from the US policymakers deflated dollar, while growing uncertainty over the simmering crisis…
Read More...
Read More...
Dovish Fed further deflates dollar
The dollar index remains firmly in red for the sixth straight day and hit new seven-week low in early Thursday, after Fed’s decision further soured the sentiment.
The US central bank raised interest rates by 25 basis points to 4.75% /…
Read More...
Read More...
Dollar is in quiet mode ahead of Fed’s decision
The dollar index remains at the back foot, but holding in a quiet mode on Wednesday, awaiting Fed’s decision for fresh direction signal.
Technical picture is firmly bearish on daily chart and favor further weakness, though oversold…
Read More...
Read More...
USDJPY probes through key barrier; Fed decision likely to define near-term direction
The USDJPY keeps positive tone on Wednesday after bounce by nearly 0.9% on Tuesday revived bulls and generated initial signal of formation of reversal pattern on daily chart, with the notion being supported by strong downside rejection at…
Read More...
Read More...