GOLD – bulls regained traction and establish above $3300
Gold keeps firm tone and attempts to establish above $3300 level, after the price hit the highest in over one week on Wednesday morning, in extension of Thursday’s 1.8% rally.
Fresh safe haven demand was fueled by further weakening of US…
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AUDUSD drops after RBA rate cut but remains within broader consolidation range
AUDUSD fell on Tuesday after the Reserve Bank of Australia cut interest rate by 25 basis points, in a widely expected decision.
Fresh weakness has fully reversed Monday advance and heading into the lower part of the recent 0.6350/0.6500…
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Reserve Bank of Australia cuts rate by 25 basis points, remains open for further easing
Reserve Bank of Australia cut its cash rate by 25 basis points to 3.85% from 4.10%, in its May policy meeting.
Today’s decision was in line with expectations and the policymakers argued it by colling inflation as well as easing…
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BTCUSD tumbles but expected to keep overall bullish structure while above 100K
BTCUSD accelerated lower on Monday, with 5K drop seen on quick pullback from sessions spike high to 107K zone.
Bitcoin reacted negatively to US rating downgrade and the price fell to the lower side of recent congestion (101K/107K) where…
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USDJPY-Bears hold grip and eye key support
USDJPY continues to descend for the fifth consecutive day, after a double upside rejection and a bull-trap at 148.49 Fibo barrier (76.4% of 151.15/139.88) contributed to the change of direction.
Weaker dollar (which acted as a safe haven…
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GBPUSD – fresh recovery acceleration opens way for retest of key barriers at 1.3443/44
Cable jumped around a hundred pips on Monday morning, lifted by weaker dollar on surprise US credit rating downgrade and the latest EU/UK agreement on defense.
Fresh advance attempts to break above three-day congestion that would signal…
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Dollar index to remain constructive above 100 support
The dollar index holds within a narrow range on Friday, some hundred pips under new one month high (101.76) but keeps bullish bias above 100 level.
The dollar is on track for the second consecutive close above psychological 100 support…
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US retail sales showed minor rise in April
US retail sales ticked up 0.1% in April, marking strong declaration from the previous month, when sales jumped by 1.7% (upwardly revised from initial 1.4% release), but came slightly above 0.0% consensus.
Highly uncertain outlook that…
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Oil prices drop on oversupply concerns as US and Iran are close to reach a deal and US crude stocks…
WTI oil price fell over 3% on Thursday morning, as positive sentiment was soured by the latest encouraging news about US-Iran nuclear talks which may result in easing of sanctions on Iranian oil export and unexpected strong build in US…
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Gold price falls further as US-China trade deal fuels risk appetite
Gold price fell through key supports on Wednesday, deflated by growing optimism on US-China trade deal that cooled fears about deeper economic crisis and offset other factors that boost safe haven demand.
Fresh wave of risk appetite…
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