AUDUSD pulls back from new three-year high
AUDUSD extended rally for nearly two weeks and hit three-year high on Thursday (0.7093), before easing.
Weakening US dollar and Aussie tracking strong rise in precious metals, were mainly behind the latest rally (up over 6% since the…
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Gold price exploded after break of $5000 barrier and eye $6000, but bulls may take a breather…
When gold broke through magic $5000 barrier on Monday, I was asked whether the metal can reach $5500 in coming months? My answer was that $6000 per ounce is very likely and in a matter of weeks, not by the end of the year, as some analysts…
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WTI oil price rises to four-month high on supply concerns
WTI oil rose further on Wednesday (in extension of Tuesday’s 2.9% advance) and hit the highest in four months ($63.50).
Weakening dollar, disrupted US crude output due to heavy winter storm which halted production and recent outages from…
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GOLD hits new record high above $5300
Gold cracked $5300 barrier and hit new record high ($5311) in early Wednesday, remaining in steep and uninterrupted rally that has registered the fastest moves from one to another round-figure level (less than 25 hours), after the price…
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USDJPY extends steep descend into third straight day and breaks key support
USDJPY remains in a steep fall for the third consecutive day (down almost 4%) with speculations that intervention may be behind the move, along with increased safe-haven demand and month-end flows.
Fresh extension lower on Tuesday broke…
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EURUSD – bulls approach 1.20 barrier
The Euro keeps firm tone and holds near fresh multi-month high (1.1907, posted on Monday) following last week’s strong rally and gap-higher opening at the start of this week.
Weak dollar with signals of possible deeper drop, was mainly…
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Silver accelerates higher after Friday’s break of psychological $100 level
Silver extends gains above psychological $100 level that was broken on Friday (market closed at $103.23) and hit new all-time high well above $111 on Monday.
Silver was strongly boosted by sharply rising demand for precious metals,…
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Gold surges through key $5000 barrier and cracks $5100 as uncertainty rises
Gold took out $5000 barrier in one single step on Monday, in a widely expected post-weekend action, but made a small surprise to traders by extension to $5100, which happened in just few hours of early Monday’s trading.
The yellow metal…
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GOLD – bulls increase pressure on magic $5000 barrier
In one of my daily briefings earlier this week, I was asked whether the gold is going to hit $5000.
My answer was that this may occur the earliest on Friday (today) or sometime next week.
With persistently favorable conditions, it is…
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AUDUSD extends advance after upbeat labor data
Steep bull-leg from the larger higher base at 0.6665 zone extends into fourth straight day and hit the highest level since late September 2024 on Thursday (0.6811).
The Aussie dollar was inflated by weaker US dollar on the recent rally…
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