AUDUSD dips on signals of RBA’s dovish shift
AUDUSD fell on Tuesday morning after RBA kept interest rates unchanged at 4.35% but softened it hawkish tone ( on not ruling anything in or out) from the previous meeting that revived expectations for possible rate cut in February.…
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EURGBP – larger bears hold grip and eye key 0.8200 support zone
EURGBP stands at the back foot on Monday and retraces more of Thursday’s jump, signaling that near-term correction (off 0.8260 low) might be over.
Larger downtrend remains intact, with firmly bearish daily studies (MA’s in full bearish…
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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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