Dollar bulls lose traction under thick daily cloud and renewed risk sentiment
The US dollar edged lower in European trading on Thursday, reversing a part of Wednesday’s 0.65% advance, which tested the upper boundary of the near-term range and approached strong barrier provided by the base of falling thick daily…
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Bulls are taking a breather after strong rally
Bitcoin rallies for the third consecutive day as higher than expected US inflation and stronger dollar did not impact fresh and strong bullish sentiment, while strong rebound in US retail sales added to fading recession fears and…
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Gold accelerates lower after US inflation data warned of more rate hikes
Gold accelerated lower on Wednesday (down around 1% in late Asia / early Europe) as traders moved back into dollar after US inflation was higher than expected in January.
Although inflation continues to ease, yesterday’s data showed that…
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Euro in a mixed mode after US CPI data, eyes stronger direction signals
The Euro fell in immediate reaction to US inflation data which showed higher than expected values in January, erasing all pre-data gains, when the pair peaked at 1.0803, the highest since Feb 3, in short-lived action.
Although inflation…
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US inflation rises above expectations in Jan, but increase was the smallest since Oct 2021
US annualized inflation increased 6.4% in January after a 6.5% rise previous month but disappointed expectations for a 6.2% increase.
The monthly CPI figure came in line with expectations at 0.5%, following 0.1% rise in December.
Core…
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Dollar keeps weak tone ahead of release of key US inflation report
The US dollar remains at the back foot and extends weakness in European trading on Tuesday, ahead of key event – US inflation report for January.
Fresh bears are in control for the second consecutive day following repeated failure at…
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USDJPY keeps firm tone ahead of US inflation data
The USDJPY regained traction on Monday and rose to one-week high to pressure pivotal barriers at 133.00 zone, consisting of 55DMA / Fibo 23.6% of 151.94/127.22 / base of thick falling daily Ichimoku cloud.
Fresh strength is about to fully…
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Bears pressure 1.20 support ahead of US CPI data
Cable dips further in early Monday’s trading, remaining at the back foot, following Friday’s 0.56% fall.
Fresh weakness retraced over 61.8% of last week’s 1.1960/1.2193 recovery leg, which was strongly rejected last Thursday and left a…
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Bears hold grip but likely to stay on hold, awaiting US inflation data
The Euro keeps negative tone at the start of the week following 0.55% drop on Friday, which resulted in a marginal close below 55DMA (1.0686) and Fibo 23.6% of 0.9535/1.1032 (1.0679), on probe through the floor of four-day consolidation…
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Break of pivotal supports opens way for deeper correction
Bitcoin is holding within tight consolidation on Friday after falling 4.8% on Thursday (the biggest daily loss since Nov 9), but remains biased lower, weighed by fresh signals that interest rates could rise further.
Thursday’s close below…
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