WTI oil price rises further on supply concerns over the latest US sanctions on Russia
WTI oil price spiked to new multi-month high ($78.66, the highest since Aug 14) on Monday, as steep bull-leg off $72.83 higher low, extends into third consecutive day.
Growing supply concerns on the newest US sanctions on Russian oil…
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US non-farm payrolls surge well above expectations in December, unemployment rate falls
The US labor market displayed unexpected strength in December, ending the year on a robust note. Nonfarm payrolls surged by 256,000, significantly exceeding economists' expectations of a 160,000 increase.…
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AUDUSD – bears pressure key support as markets await release of US labor report
AUDUSD remains firmly in red and pressuring key support at 0.6170 (2022 low) after a brief recovery was repeatedly rejected above falling 20DMA and formed a double bull-trap on daily chart.
Bearish daily studies maintain downside…
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GBPUSD hits new multi-month low, bears eye 1.20 zone targets
Cable fell to 14-month low on Thursday morning, as steep bear-leg off 1.2575 lower top extends into third straight day.
Strengthening dollar, crisis about Britain’s fiscal outlook and uncertainty over Trump’s tariff plan, were the key…
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USDJPY – bulls eye 160 target
USDJPY keeps firm tone and holds just under new multi-month high in early Wednesday, with near term focus at the upside, after recent consolidation faced multiple downside rejections.
Fundamentals remain favorable for dollar as Bank of…
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Dollar Index – correction to extend before larger bulls regain control
The dollar index remains in red for the third consecutive day, after a mild easing from a two-year top accelerated on Monday, following a media reports saying that proposed tariffs by Donald Trump may be less aggressive than initially…
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BTCUSD rises above 100K as media reports fuel bullish sentiment
BTCUSD returned above $100K level on Monday, as fresh acceleration higher signaled that markets are back to routine after a quiet holiday trading.
Bitcoin benefited from the media reports about new tariffs to be implemented after Trump’s…
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USDJPY – bulls hold grip for further gains, BoJ intervention looms
USDJPY – near term action remains in extended sideways mode under new multi-week high (158.07) and consolidating December’s 5% advance.
Limited dips (so far contained by rising 10DMA) suggest that larger bulls remain firmly in play and…
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EURUSD – larger bears to consolidate before resuming lower, parity level coming in focus
EURUSD edges higher early Friday on a partial profit-taking at the end of the week, after the latest three-day acceleration pushed the price to the lowest levels in over two years.
Larger bears are likely to take a breather above…
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Gold is expected to remain underpinned by political and economic uncertainty and elevated inflation
Gold gained nearly 1% in the first trading day in 2025, sending initial positive signal that recovery off $2582 (Dec 18/19 higher base) might be picking up.
The notion is supported by completion of bullish failure swing pattern on daily…
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