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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Bitcoin breaks magical 100K barrier
Bitcoin eventually broke through magical 100K barrier and hit new record high at 104K zone on Thursday.
Fresh acceleration of over 6% in Asian session resulted in break above the ceiling of near term range and signal continuation of…
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German services sector’s November performance was the weakest in nine months – PMI
The recent contraction of Germany's service sector in November marks a concerning economic shift, as highlighted by the HCOB final services PMI, which dipped to 49.3 from 51.6 in October. This decline, below the 50-point threshold that…
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Australian Dollar falls to 4-month low on weaker than expected GDP data
AUDUSD fell 1% to four-month low on Wednesday, after weaker than expected Australia’s Q3 GDP data, deflated RBA’s hawkish stance.
Significantly weaker than expected economic growth in the third quarter and holding well below RBA’s…
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WTI oil – look for direction signal on breach of $68.00 or $70 triggers
WTI oil price rose over 1% on Monday after better than expected China’s manufacturing data boosted positive sentiment, while fresh concerns about the Middle East ceasefire collapse, add support.
Fresh gains peaked above $69.00 mark but…
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Bitcoin eases but overall picture remains bullish above 90K and keeps 100K target in focus
Bitcoin price fell 2.6% in Asian / European trading on Monday, after the dollar received fresh boost from the latest comments from Donald Trump.
Although today’s dip was the biggest in one week, the price so far stays above significant…
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Dollar rose in reaction to shift in Trump’s rhetoric
The dollar index edged higher after opening with gap higher on Monday, lifted by a significant shift in rhetoric pf President-elect Donald Trump, who turned his aims for weaker dollar to fight trade war, to threats to BRICS member countries…
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Gold price rises on renewed geopolitical tensions, break above rising daily cloud needed to validate…
Gold jumped on Friday (up 0.7%) until early US trading as fresh rise in geopolitical tensions boosted safe haven demand.
Friday’s acceleration generated clearer direction signal after the action in past three days showed a gradual…
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USDJPY cracks pivotal 150 support zone on growing expectation for BOJ rate hike
USDJPY fell to six-week low on Friday, in fresh acceleration lower after stronger than expected inflation rise in Tokyo in November, boosted expectations for Bank of Japan’s rate hike in the policy meeting next month.
Fresh…
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EURUSD looks for near-term direction signals
EURUSD edged lower in early Thursday’s trading, retracing a part of Wednesday’s 0.8% rally, but dip was so far limited by broken 10DMA (1.0524, reverted to support).
Near term action is expected to remain biased higher while holding…
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