Gold was weighed down by hawkish Powell, key supports at $1900 zone eyed
Spot gold stands at the back foot following comments from Fed Chair Powell, which signal hawkish approach in tackling soaring inflation and lifted dollar.
The metal’s price moved towards the lower boundary of the range…
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Aussie breaks key Fibo barrier, lifted by rise in Asian stocks
The Australian dollar resumes higher on Tuesday after bulls paused on Monday, on headwinds from pivotal Fibo barrier at 0.7416 (76.4% retracement of 0.7555/0.6967).
Today’s break through this barrier, generated fresh signal of continuation…
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USDJPY rises above 120 on hawkish Powell and uncertainty over Ukraine war
The USDJPY resumed its steep ascend on Tuesday, advancing nearly 1% in Asian/early European trading.
Fresh bullish acceleration broke through pivotal barriers at 119.50 (Fibo 76.4% of 125.84/98.99) and psychological 120 level, generating…
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Oil price is holds above $100, supported by fundamentals, but techs warn the downside is still at…
WTI oil returned above $100, after dipping to $93.51 earlier this week and is likely to close above this level that would generate initial positive signal, in addition formation of reversal pattern on daily chart. Although recovery picked…
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Negative fundamentals weigh heavily and may stall the recovery
The Euro eases on Friday but is on track for the first bullish weekly close in six weeks that adds to positive signals as Doji reversal pattern is forming on weekly chart.
On the other side, fresh bulls face difficulties at pivotal Fibo…
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Bulls tighten grip as pessimism over Ukraine war dominates, risk of 120+ acceleration
The USDJPY regained traction and probes again above 119.00 barrier, driven by fresh safe-haven buying on renewed pessimism over the crisis in Ukraine, while yen was deflated by dovish BOJ.
The Japanese central bank kept rates unchanged and…
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Sterling loses traction after BoE’s dovish hike
Cable fell sharply after the Bank of England raised interest rate by a quarter of percent that was seen as a dovish hike, as the central bank softened tone on future hikes on weakening growth outlook.
The central bank’s Monetary policy…
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The Fed raises interest rates for the first time in three years and signal aggressive action to…
The US Federal Reserve, as widely expected, raised interest rates by 0.25% in their policy meeting in March, and announced an aggressive plan to keep increasing borrowing cost through this and next year.
The US policymakers aim to boost…
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Bulls slow on approach to key barrier, awaiting Fed’s decision
The USDJPY holds firm tone on approach to target at 118.66 (Dec 2016) although bulls slowed after strong rally last Fri/Mon, but Tuesday’s long-tailed daily candle suggests that strong bullish stance remains intact.
The dollar was lifted…
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Euro remains constructive and re-tests 1.10 barrier ahead of Fed policy decision
The Euro remains bid in European trading on Wednesday and cracks 1.10 barrier, where the action faced strong headwinds past two days.
Hopes for a breakthrough in peace talks between Russia and Ukraine keep slight risk mode in play,…
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