Oil price falls to pre-war levels in turbulent conditions in the oil market
The WTI oil fell further on Wednesday, accelerating to new multi-month low (levels last seen a day before the war in Ukraine started) as sentiment was soured again on deteriorating fundamentals.
Oil prices came under fresh pressure on…
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Bulls at full power on Fed expectations, safe haven flows
King dollar continues to dominate on Wednesday, hitting a new highest in two decades against the basket of major world currencies and 24-year high against yen, strongly underpinned by several factors.
Rising bets that the US central bank…
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Dollar surges to new 24-year high vs yen
The USDJPY extends fresh and steep acceleration into third straight day and hit new 24-year high on Wednesday.
The dollar continues to rise across the board, driven by high expectations for another aggressive Fed hike this month and…
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Bears take a breather as market looks for signals about the action of new UK PM
Cable edged higher in Asian / European trading on Tuesday, boosted by cautious optimism that new UK Prime Minister Liz Truss will manage handle deepening crisis, though market will look for a much more evidence about the action the new…
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Liz Truss will succeed Boris Johnson as Britain’s new prime minister
Liz Truss will become Britain’s new prime minister as she defeated her opponent, former finance minister Rishi Sunak, in a vote of Conservative Party members, which gave 81,326 votes to Truss and 60,399 to Sunak.
Truss, currently the…
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Euro falls below 0.9900 vs dollar as Russia halts gas supplies
The Euro fell to new 20-year low (0.9873) following probe through 0.9900 round-figure support on Monday.
Negative sentiment was additionally soured as Russia halted gas supplies through the main pipeline that raised fears about further…
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Pound remains in red ahead of appointment of Britain’s new prime minister
Cable hits new 29-month low on Monday, in extension of bearish acceleration in past three weeks, a part of larger downtrend.
The pound remains under strong pressure on risk aversion, driven by growing economic and geopolitical tensions…
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US NFP numbers remain solid in August
The data from the US Labor Department showed that employers hired slightly more than expected workers on August, contributing to hopes for economic growth and expectations that the US Federal Reserve will deliver another 75 basis points…
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Bears likely to resume after consolidation, US NFP data eyed for fresh direction signal
Near-term action remains directionless after larger bears faced strong headwinds at 0.9900 zone, where a temporary base has formed, but rebounds above parity were so far short-lived, keeping sideways mode and waiting for stronger signals.…
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Bears are taking a breather ahead of attack at 2020 low
Cable is consolidating above new multi-month low, posted on Thursday after a brief probe below 1.15 handle, following an uninterrupted bear-run in past five days.
The pair is also on track for the third consecutive weekly loss, with risk…
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