Gold price rises on geopolitics / fresh purchases from China
Gold price edged higher in early Monday trading following a $10 gap-higher opening, lifted by heated geopolitical situation and fresh demand.
Traders shifted into safer mode after Syrian rebels seized capital Damascus and took control…
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US economy added more jobs than expected in November
US job growth accelerated in November after being strongly hit by hurricanes and strikes at Boeing factories in October, but the impact was likely temporary and does not reflect a significant shift, with labor market continuing to ease…
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EURUSD eyes fresh direction signals from fundamentals as technical studies are mixed
EURUSD is consolidating under new one-week high, posted after Thursday’s 0.8% jump.
Fresh advance broke again above Fibo resistance at 1.0563 (38.2% of 1.0936/1.0332), after last week’s recovery stalled at this zone, despite registering…
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Dollar Index in a quiet mode ahead release of US NFP report
The dollar index is holding within a narrow range, in a quieted pre-NFP mode on Friday morning, but remains at the back foot following 0.5% drop previous day, which generated initial negative signal on close below bull-channel support line…
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Bitcoin breaks magical 100K barrier
Bitcoin eventually broke through magical 100K barrier and hit new record high at 104K zone on Thursday.
Fresh acceleration of over 6% in Asian session resulted in break above the ceiling of near term range and signal continuation of…
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German services sector’s November performance was the weakest in nine months – PMI
The recent contraction of Germany's service sector in November marks a concerning economic shift, as highlighted by the HCOB final services PMI, which dipped to 49.3 from 51.6 in October. This decline, below the 50-point threshold that…
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Australian Dollar falls to 4-month low on weaker than expected GDP data
AUDUSD fell 1% to four-month low on Wednesday, after weaker than expected Australia’s Q3 GDP data, deflated RBA’s hawkish stance.
Significantly weaker than expected economic growth in the third quarter and holding well below RBA’s…
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WTI oil – look for direction signal on breach of $68.00 or $70 triggers
WTI oil price rose over 1% on Monday after better than expected China’s manufacturing data boosted positive sentiment, while fresh concerns about the Middle East ceasefire collapse, add support.
Fresh gains peaked above $69.00 mark but…
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Bitcoin eases but overall picture remains bullish above 90K and keeps 100K target in focus
Bitcoin price fell 2.6% in Asian / European trading on Monday, after the dollar received fresh boost from the latest comments from Donald Trump.
Although today’s dip was the biggest in one week, the price so far stays above significant…
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Dollar rose in reaction to shift in Trump’s rhetoric
The dollar index edged higher after opening with gap higher on Monday, lifted by a significant shift in rhetoric pf President-elect Donald Trump, who turned his aims for weaker dollar to fight trade war, to threats to BRICS member countries…
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