Oil prices dip sharply as no immediate threats on global supply fade bullish sentiment
WTI oil price fell over 6% until early US session on Monday, as traders collected profits from last week’s almost 13% rally.
Oil was lifted by easing trade tensions between US and China that boosted expectations of stronger economic…
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Gold may rise above $3500 if geopolitical situation escalates further
Gold surged to the highest in seven weeks ($3444) overnight following Israel’s attack on Iran that fueled safe haven demand and quickly lifted the price.
Break of $3400 zone (former strong resistances that reverted to supports) further…
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Dollar index – bears remain firmly in play and pressure key supports
The dollar index remains firmly in red for the second consecutive day, under increased pressure on growing prospects of Fed rate cuts (following softer than expected inflation in May) and persisting uncertainty over tariff saga.
Fresh…
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Gold rises on geopolitical tensions / Fed rate cut prospects
Gold hit one-week high early Thursday, in extension of Wednesday’s nearly 1% advance when gold price was inflated by softer than expected US inflation numbers that boosted bets for Fed rate cuts and weakened dollar.
Escalation in…
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WTI oil hits new multi-week high on growing optimism about US-China trade talks
Growing optimism about a trade deal between the US and China that would ease tensions, boost economic growth and consequently boost demand, continues to lift oil prices.
WTI contract rose to the highest in over two months on Tuesday,…
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Near term action looks for direction signals on break of either daily cloud boundary
USDJPY ranges within daily cloud (144.43/145.59) also between daily Tenkan and Kijun-sen lines, with Kijun-sen (145.38) capping the action today.
Near term technical structure is slightly bullishly aligned, with growing positive momentum…
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Bitcoin extends recovery on brightening trade outlook
BTCUSD rises for the fourth consecutive day, extending recovery from last week’s double rejection just above psychological 100K.
Bitcoin received fresh boost from renewed risk appetite, as markets feel relief on start of US-China trade…
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WTI oil – bulls may take a breather for consolidation on overbought daily conditions
WTI oil kept firm tone and rose to new multi-week high on Monday, in extension of Friday’s 2.5% advance.
Prevailing positive sentiment on growing hopes for a deal in US-China trade talks and subsequent rise in oil demand continues to…
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Gold bounces from key support zone, looks for fresh direction signals
Gold price edged higher from new over one-week low in early European trading, after it cracked strong supports at $3300 zone (psychological / daily Kijun-sen / daily cloud top), but faced headwinds here.
Bouncing after heavy losses (gold…
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U.S. nonfarm payrolls increased by 139,000 jobs in May, slightly above the consensus forecast of a 130,000 gain. However, this was down from a downwardly revised 147,000 in April (originally reported as 177,000). The unemployment rate…
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