Cable falls to new multi-month low after disappointing UK economic data
GBPUSD dipped below 1.2500 handle and hit new lowest in 6 ½ months on Friday, after disappointing UK October retail sales and November PMI numbers further weakened sterling, adding to worsened geopolitical picture on threats of stronger…
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EURUSD continues to move within extended consolidation range, but larger bears hold grip
EURUSD remains biased lower as near term action stays within extended consolidation range above 13-month low (1.0495), with the upside being capped by solid barriers at 1.0600 zone (former low of Apr 16 / Fibo 23.6% of 1.0936/1.0495 /…
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Bitcoins hits new record high above $94K, signals continuation of larger uptrend
Bitcoin hit new record high on acceleration above 94K on Wednesday, lifted by growing expectations for more crypto-favorable conditions under incoming Trump’s administration.
Break above the top of seven-day consolidation range generated…
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USDJPY – larger bulls returning to play after shallow correction
USDJPY bounced on Wednesday, gaining 0.7% in Asian / European trading as immediate threats of stronger escalation of the war in Ukraine started to fade, while Trump trade continues to underpin dollar.
Fresh rally retraced almost 76.4% of…
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Bitcoin keeps firm tone and holds in extended consolidation just under new record high
Bitcoin keeps firm tone and holds around 90K handle, in extended consolidation under new record high at 93.5K, posted last week.
Limited dips were contained above 85K, with more action seen in past four days, following three consecutive…
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Gold price bounces from two-month low
Bears are taking a breather after two-week pullback (down 6.5%) from new record high found footstep at $2540 zone (contained by rising 100DMA).
Gold price bounced from new two-month low on Monday after pullback faced strong headwinds…
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Bitcoin – congestion at 90K zone – initial signs of fatigue or consolidation for further…
Bitcoin remains well supported and holding near new record high at 93.5K, although facing difficulties to sustain gains above cracked psychological 90K barrier.
Long upper shadows on daily candles of today / Wednesday, send warning of…
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GOLD – extended pullback pressures daily cloud base
Gold remains under increased pressure and extends steep post-US election downtrend to the lowest in two months on Thursday.
Faded political uncertainty in the US and subsequent growing expectations that Trump’s policies will strongly…
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Cable – steep post-US election bear leg extends below 1.2700
Cable continues to trend lower, riding on the wave of so-called Trump trades, as dollar rose significantly on post-election euphoria.
Steep bear leg extends into fifth consecutive day and hit new multi-week low, coming close to…
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Bitcoin surges to new record high above 92K
Bitcoin snowball continues to roll and accelerate, as the price rose further after a brief breather on Tuesday (presented by long-legged daily Doji candle) and hit new record high on probe through round-figure 92K barrier.
Bullish…
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