Gold price comes under fresh pressure on rising dollar, expectations of aggressive Fed
Bears are returning to play after two-day pause (Thu/Fri double Doji) as dollar rose on Monday, lifted by strong US jobs data and expectations for another Fed’s robust rate hike.
Large bearish candle of last week (the biggest weekly loss…
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Oil price dips on renewed demand worries
WTI oil price eases on Monday, after last Thu/Fri strong recovery stalled on attempts through daily Tenkan-sen (104.55).
Oil came under pressure on renewed demand concerns after China had discovered first cases of Omicron variant and…
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Dollar remains supported by hawkish Fed and global growth fears
Bulls return to play on Monday after a brief consolidation on Thu/Fri and eye new 20-year high at 107.60, as dollar remains well supported by global growth concerns, weak Euro and strong signals that the Fed will remain on strong hawkish…
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Bears keep control but may delay final push towards parity on oversold studies
The Euro remains in red at the start of the week after 2.2% drop last week and pressures new 2022 low (1.0071), also near Fibo 76.4% of 0.8225/1.6039 (1.0069), where bears faced headwinds on Friday.
Oversold conditions on daily chart and…
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USDJPY hits new 24-year high on solid NFP and dovish BoJ
The USDJPY regained traction on Monday and rose to new 24-year high on probe through recent range top at 137.00.
The dollar gained support from Friday’s better than expected US jobs data, while pressure on yen increased after BoJ…
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Strong US jobs data deflate pound, but headwinds from 1.20 support persist
Cable lost traction after upbeat US jobs data and returned below 1.20 handle, erasing the good part of Thursday’s recovery.
Fresh weakness generates initial signal that bounce was short-lived, as technical studies on daily chart are…
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US jobs grew above expectations in June, unemployment unchanged near pre-pandemic lows
US non-farm payrolls rose by 372,000 in June, well above expectations for 268,000 increase and remained near May’s downwardly-revised 384,000, with slight slowdown being mainly caused by the seasonal factors
Solid figures show that US…
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Bears are taking a breather but gold is on track for the fourth straight weekly drop
Spot gold stands at the back foot on Friday and holding in extended consolidation above new multi-month low ($1732) but holding bearish bias.
The metal is on track for the fourth consecutive weekly drop, with this week’s fall being the…
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Dollar accelerates higher, eyes fresh support from US job report
The dollar index resumes a steep ascend after a brief pause on Thursday, boosted by strong safe-haven demand on economic and political uncertainty.
The index hit new highest since Oct 2002 and eyes pivotal Fibo barrier at 109.14 (76.4% of…
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Bears pressure critical supports
The Euro continues to trend lower and dips below 1.01 support in early Friday, hitting new lowest in two decades, driven by strong risk aversion that keeps the EURUSD pair in strong defensive and on track for the biggest weekly loss since…
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