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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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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