Gold rises over 2% on Monday, generates initial signal of an end of corrective phase
Gold rose over 2% at the start of the week and ticked above $4100 level, improving the near-term picture and sidelining the downside risk.
Fresh rise in demand was sparked by recent weak US economic data that increased pressure on dollar…
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Gold stays afloat near $4K but still lacks direction signals
Gold price edged higher on Friday, in a second attempt to clearly break above pivotal barriers at $3986 (tringle’s upper boundary) and $4000 (psychological) after Thursday’s action spiked to $4019 but failed to register daily close above…
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GBPUSD – limited gains after BOE kept rates unchanged
Cable jumped above 1.31 mark after BOE left rates unchanged as widely expected, but trimmed gains on signals that the central bank could cut in December policy meeting, which comes after government’s budget (Nov 26) and releases of…
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Dollar index – bulls may take a breather after cracking key barriers – psychological 100…
The dollar index keeps firm tone and riding on the fresh wave of risk aversion, to crack psychological 100 barrier (also former top of Aug 1) and nearby falling 200DMA (100.15) on Wednesday.
The recent more hawkish than expected remarks…
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WTI Oil – bears regain control on demand concerns, reaction at key $60 support in focus
WTI oil price remains in red for the second consecutive, weighed by fresh demand concerns following weak manufacturing numbers and OPEC+ decision to pause oil production hikes in early 2026, with strong dollar also contributing to near-term…
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USDJPY – bulls pause for narrow consolidation, awaiting fresh direction signal
Bulls started to lose traction and the price moved into sideways mode in the last two sessions after strong post-Fed and BoJ acceleration broke above bull-channel upper boundary and above falling trendline connecting peaks of 2024 and 2025…
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EURUSD – bears hold grip, consolidation likely to precede push through important 1.1500…
The Euro continues to trend lower and pressures 1.1500 support zone (round-figure / 50% retracement of 1.1065/1.1918 rally) in early Monday’s trading.
The bear-leg that emerged from a double bull-trap at the base of thick daily cloud,…
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Dollar index approaches 100 barrier in strong post-Fed rally
The dollar index hit three-month high on steep post-Fed rally, after unexpectedly hawkish stance of chief Powell faded recent risk appetite and shifted investments into safety of greenback.
Drop in bets for Fed’s December rate cut, after…
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GBPUSD – steep decline extends through key support zone
Cable extends steep fall into fourth straight day and probes through key supports at 1.3140 zone (Fibo 38.2% of 1.2099/1.3788 rally / former higher base, consisting of May 11 and July 27 lows), hitting the lowest levels since mid-April.…
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USDJPY rallies to multi-month high in reaction to Fed / BoJ policy decisions
USDJPY jumped 1.2% in post-BoJ trading on Thursday and hit the highest since mid-February.
Fresh acceleration higher was sparked by unexpected Fed’s hawkish tone on Wednesday and extended after BoJ’s decision to keep rates on hold but…
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