Bitcoin hits new record high above 100K
BTCUSD hit new record high near 108K on Monday, lifted by euphoria about President-elect Donald Trump’s pro-crypto stance, which culminated after he reiterated his plans to create a US bitcoin strategic reserve.
I already spoke about…
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Cable dips further after weak UK data, consolidation may precede fresh push lower
GBPUSD fell further on Friday, holding in red for the third consecutive day, driven by stronger dollar and additionally pressured by unexpectedly weak UK Oct GDP numbers.
Fresh weakness tested support at 1.2618 (last week’s low / 100WMA)…
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EURUSD – ECB’s rate cut and dovish shift add to negative fundamentals
EURUSD – choppy post-ECB trading keeps the price within a 50-pips range and lacks clearer near term direction signal.
Rate cut by 25 basis points and dovish shift by the central bank which signals that the door for further easing remains…
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Swiss Franc falls after SNB’s surprise 0.50% rate cut
USDCHF rose to two-week high on 0.8% jump on Thursday morning, after the Swiss National Bank surprised by 50 basis points rate cut (0.50% from 1%) against widely expected 25 basis points cut.
This was the fourth policy easing in 2024,…
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AUDUSD dips on signals of RBA’s dovish shift
AUDUSD fell on Tuesday morning after RBA kept interest rates unchanged at 4.35% but softened it hawkish tone ( on not ruling anything in or out) from the previous meeting that revived expectations for possible rate cut in February.…
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EURGBP – larger bears hold grip and eye key 0.8200 support zone
EURGBP stands at the back foot on Monday and retraces more of Thursday’s jump, signaling that near-term correction (off 0.8260 low) might be over.
Larger downtrend remains intact, with firmly bearish daily studies (MA’s in full bearish…
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Gold price rises on geopolitics / fresh purchases from China
Gold price edged higher in early Monday trading following a $10 gap-higher opening, lifted by heated geopolitical situation and fresh demand.
Traders shifted into safer mode after Syrian rebels seized capital Damascus and took control…
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US economy added more jobs than expected in November
US job growth accelerated in November after being strongly hit by hurricanes and strikes at Boeing factories in October, but the impact was likely temporary and does not reflect a significant shift, with labor market continuing to ease…
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EURUSD eyes fresh direction signals from fundamentals as technical studies are mixed
EURUSD is consolidating under new one-week high, posted after Thursday’s 0.8% jump.
Fresh advance broke again above Fibo resistance at 1.0563 (38.2% of 1.0936/1.0332), after last week’s recovery stalled at this zone, despite registering…
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Dollar Index in a quiet mode ahead release of US NFP report
The dollar index is holding within a narrow range, in a quieted pre-NFP mode on Friday morning, but remains at the back foot following 0.5% drop previous day, which generated initial negative signal on close below bull-channel support line…
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