Gold – bulls take a breather ahead of attack at $4000 barrier
Good morning from the floor of Dubai EXPO 2025.
Gold remains top market performer, with some consolidation seen in early Tuesday’s trading, after the yellow metal’s price surged through $3900 and hit new record high at $3977 on Monday,…
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Gold – limited correction under new record high seen as positioning for fresh move into…
Gold spiked to new record high at $3871 on Tuesday, in extension of Monday’s strong acceleration higher when the metal advanced 2%, in a biggest daily gain since May 6.
Mounting concerns about potential US government shutdown on Oct 1…
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Dollar index – bears regain control after recovery failed at key technical barriers
The dollar index stays in red for the second day, pressured by concerns about potential US government shutdown and brightened outlook for Fed rate cuts that partially offset positive impact from last week’s upbeat US economic data.
The…
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US consumer spending rises above expectations in August
US consumer spending, which accounts for more than two-thirds of economic activity, rose slightly above expectations in August, adding to signals that the economy stands on solid ground.
Consumer spending increased by 0.6% last month, up…
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EURUSD – correction under new 2025 peak – positioning for potential 1.20+ acceleration
The Euro edged higher on Friday as the second leg of pullback from new 2025 peak (1.1918) found footstep at important Fibo support at 1.1655 (50% retracement of 1.1391/1.1918 rally).
Near-term bears take a breather after strong fall in…
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WTI OIL – fresh acceleration higher faces strong resistance from the base of thick daily cloud
WTI oil price rises for the second straight day, underpinned by renewed supply concerns and drop in US weekly crude inventories (API report on Tuesday -3.82 mln bls vs 3.64 mln bls previous week).
Oil advanced over 3% in past two days,…
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USDJPY – lift above daily cloud generates fresh bullish signal
USDJPY rose on Wednesday, underpinned by more cautious tone on monetary policy by Fed Powell and increased purchases by Japanese importers.
The dollar regained traction after chief Powell signaled that the central bank needs to have…
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Silver – bulls take a breather under psychological $45 barrier
Silver price reduced pace after hitting new multi-year high ($44.46) on Tuesday but keeps firm bullish stance, lifted by recent rally in gold.
Tuesday’s Doji candle and Wednesday’s action, being so far in the same shape, signal…
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Gold at new record highs above $3700
Acceleration through key $3700 resistance zone pushed gold price to new record high on Monday (price was up 1.1% since opening).
Shallow pullback from previous peak did not harm larger bulls and was just positioning for fresh push…
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Cable – bears face headwinds from daily cloud top
Cable remains in a step fall from last Wednesday’s 2 ½ month peak (1.3725) which has so far retraced over 61.8% of recent 1.3333/1.3725 rally and cracked next significant support at 1.3465 (daily cloud top).
Pound was initially hit by…
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