Inflation in the US increased in line with expectations in October
US inflation rose 0.2% m/m in October, unchanged from the previous month and in line with expectations, while the annualized figure showed that consumer prices increased 2.6% last month from 2.4% in September and met expectations for a 2.6%…
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AUDUSD – consolidation above three-month low likely to precede fresh weakness, US CPI data in…
AUDUSD remains in red for the fourth straight day, but bears slowed on Wednesday and action holding within a narrow range just above three-month low.
Technical studies remain bearish on daily chart and favor further downside, though…
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Dollar index – bulls reduce speed ahead of US inflation data
The dollar index keeps firm tone and holding above former top 105.79 but near term action turned to quiet mode in early Wednesday, ahead of key economic event today – US inflation data.
Recent strong bullish acceleration after the dollar…
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GBPUSD – bears take a breather after sharp three-day fall; broken 200DMA reverts to solid…
Cable is holding within a narrow consolidation in early Wednesday’s trading as bears started to run out of steam after steep fall (down 1.85%) in past three days.
Tuesday’s break and close well below pivotal supports at 1.2846 (Fibo…
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Gold falls to new multi-week low but bears face headwinds from significant $2600 support zone
Gold fell further and hit new multi-week low on Tuesday (the lowest since Sep 20) in extension of Monday’s 2.5% fall.
The yellow metal remains in steep near term downtrend since US election, deflated by victory of Donald Trump and…
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Bitcoin cracks psychological 90K barrier in post-election euphoria; 100K target coming in sight
Bitcoin cracked psychological 90K barrier in early Tuesday trading, in extension of Monday’s 10% rally (the biggest daily gain since May 15).
Bitcoin remains in steep bullish acceleration since Trump’s election victory (advanced 30%…
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EURUSD – steep downtrend extends to new multi-month low
EURUSD started the week negatively (down 0.7% until early US trading on Monday, in extension of Friday’s 0.8% drop, with total loss of 2.7% since announcement of Trump’s victory on Wednesday.
The single currency has also…
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Gold holds in red as markets await fresh signals from US inflation data and Fed speakers
Gold remains at the back foot and stays in red for the second day on firmer dollar and also pressured by eased US political uncertainty, which recently fueled safe haven demand, along with geopolitics and expectations for stronger Fed rate…
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Bitcoin hits series of new record highs on the way towards 90K target as Trump’s victory…
Bitcoin keeps firm tone and rose to new record high above 82K early Monday, after advancing almost 5% previous day, when psychological 80K barrier was taken out.
It received fresh boost from euphoria surrounding Trump’s election victory,…
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USDJPY – bulls regain control after correction but need to clear recent peaks to signal…
USDJPY regained traction and bounced from 152.14 (low of two-day pullback from new multi-week tops), offsetting negative signal from bull-trap on weekly chart (failure to register weekly close above 153.40 (Fibo 61.8% of 161.95/139.57).…
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