Gold price rises on renewed geopolitical tensions, break above rising daily cloud needed to validate…
Gold jumped on Friday (up 0.7%) until early US trading as fresh rise in geopolitical tensions boosted safe haven demand.
Friday’s acceleration generated clearer direction signal after the action in past three days showed a gradual…
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USDJPY cracks pivotal 150 support zone on growing expectation for BOJ rate hike
USDJPY fell to six-week low on Friday, in fresh acceleration lower after stronger than expected inflation rise in Tokyo in November, boosted expectations for Bank of Japan’s rate hike in the policy meeting next month.
Fresh…
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EURUSD looks for near-term direction signals
EURUSD edged lower in early Thursday’s trading, retracing a part of Wednesday’s 0.8% rally, but dip was so far limited by broken 10DMA (1.0524, reverted to support).
Near term action is expected to remain biased higher while holding…
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Bitcoin bounces over 3% after recent pullback found footstep just above 90K support
Bitcoin bounced from correction low (90732), advancing 3.1% until early American trading on Wednesday.
Fresh strength emerged after a four-day pullback from new record high (99807) found firm ground just above psychological 90K support…
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USDJPY – bears gained traction and violate strong support zone
USDJPY extends fresh bearish acceleration into second day and fell 1.1% during Asian / European trading on Wednesday.
Increased demand for yen at the end of month as well as end fiscal year was the main driver of the pair, along with…
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New Zealand dollar jumps on disappointment from RBNZ rate decision but larger bears remain firmly in…
Kiwi dollar jumped around 1% against its US counterpart on Wednesday morning after RBNZ’s 50 basis points rate cut disappointed many who expected more aggressive action and cut by 75 basis points.
The Reserve Bank of New Zealand reduced…
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EURUSD – bullish signal is developing on daily chart but needs more evidence for confirmation
EURUSD remains in a narrow-range sideways mode in early Tuesday’s trading, in extension of Monday’s action, shaped in Doji candle and signaling indecision
Initial positive signal is developing on daily chart following last Friday’s…
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Profit taking and weaker sentiment fuel gold’s sharp pullback
Gold price falls over 2% on Monday, as traders collect profits from last week’s almost 6% rally (the biggest weekly gain in nearly two years).
Weaker sentiment on easing safe-haven demand following the nomination of Scot Bessent as the…
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German business morale weakens further in November – Ifo
The data from Ifo institute showed that German business climate index fell to 85.7 in November from 86.5 in the previous month and missed 86.0 consensus.
Stronger than expected drop in business morale in November further worsens the…
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Weak economic data pushed euro to the lowest levels in two years
EURUSD spiked to two-year low on Friday following weaker than expected data from Germany Q3 GDP / Nov PMI) and Eurozone (Nov PMI) which further soured already weak sentiment.
The single currency remains pressured by strong dollar on…
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