Gold extends gains on Trump’s latest comments, nears record high
Gold price accelerated higher on Friday, offsetting initial negative signal that was developing on daily chart, from Thursday’s Hanging man candlestick.
Fresh gains (up 1% until early US session on Friday) came ticks ahead of gold’s…
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GBPUSD lifted by strong data, but more work at the upside needed to verify positive signal
Cable rose further on Friday, following better than expected UK PMI data, while the near term action remains underpinned by weaker dollar.
Fresh strength cracked daily Kijun-sen (1.2414) and approached next barrier at 1.2455 (50%…
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Japanese yen fails to benefit more from BoJ rate hike
USDJPY dipped early Friday on widely expected BoJ rate hike by 25 basis points, but the weakness was so far short-lived, despite interest rate rising to the highest in 17 years.
Subsequent bounce (approx. 100 pips) suggests that the…
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WTI oil -daily studies signal possible end of recent drop
WTI oil remains at the back foot on Thursday, but moving at the lower pace, compared to a steep fall in past few sessions when oil price was down around four dollars.
Key drivers of oil price were signals of increased US oil production…
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Gold rises further on uncertainties over US trade policies, weaker dollar
Gold price hit new multi-week high early Wednesday, in extension of Tuesday’s 1.4% advance, with near-term action being well supported by strong safe haven demand on fresh uncertainties over Trump’s trade policies that weakened dollar and…
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EURUSD – limited recovery suggests that larger bears hold grip
EURUSD fell on Tuesday morning, erasing about a half of Monday’s 1.3% rally, sparked by decision of President Trump to keep tariffs on hold, against initial plan to impose them from the day one.
A breather in the larger downtrend seems…
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US dollar dips across the board on signals that US tariffs may not be imposed immediately
The dollar index was sharply down in early US trading on Monday (losing 1% so far) in immediate reaction on media report, saying that new US President will stop short on imposing new tariffs on his first day.
Tariffs were among other…
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WTI oil price eases from new highs as market awaits fresh signals from President Trump’s…
WTI oil price eased further in early Monday trading, after last week’s multiple upside rejections at the base of daily Ichimoku cloud ($79.00) left a weekly bull-trap, prompting traders for a partial profit-taking.
All eyes are…
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Bitcoin hits new record high in highly volatile trading ahead of Trump’s inauguration
Bitcoin was the top market performer at the start of the week, moving in a wild swings from the levels below 100K to new record high (109582) during the Asian session on Monday.
Euphoria over President Trump’s inauguration and the list…
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Gold continues to benefit from Fed’s recent dovish shift
Gold price eased from five-week high on Friday, driven by a partial profit-taking at the end of the week, following a three-day rally.
The yellow metal was supported by recent US economic data which showed weaker than expected US core…
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