Dollar index falls to two-month low on ‘buy the rumor-sell the fact’ scenario
The dollar continues to travel south in early Thursday, extending previous day’s 0.63% post-US CPI data drop (the biggest one-day fall since Oct 28).
The dollar came under pressure after Fed Powell’s speech, which investors saw as too…
Read More...
Read More...
Cable rises further as dollar failed to react on US inflation data
Cable rose further on Wednesday and broke above Fibo barrier at 1.3675 (76.4% of 1.3834/1.3161 bear-leg) to pressure 1.3700 zone (Nov 4 pre-BoE high / psychological) with 200DMA (1.3735) coming in sight.
Sterling benefited from fresh risk…
Read More...
Read More...
US inflation rises the most in nearly four decades in December
The US inflation continued to rise in December, with monthly increase of 0.5%, compared to 0.8% in November, while annualized figure rose from 6.8% in November to 7.0% in December, in line with expectations, marking the biggest year-on-year…
Read More...
Read More...
Bulls pressure key Fibo barrier ahead of US inflation data
The Euro trading at the upper side of the near-term range in European trading on Wednesday, after eventually penetrating into thick and falling daily Ichimoku cloud on Tuesday.
The action is still holding below pivotal Fibo barrier at…
Read More...
Read More...
Oil price regains traction on tight supply and continuing demand recovery
WTI oil rises on Tuesday, signaling that pullback after repeated failure at psychological $80 barrier was shallow and short-lived (contained by rising 5DMA).
The overall sentiment remains positive on tight global supply and expectations…
Read More...
Read More...
Fresh bulls establish above key $1800 level, traders await US inflation data for fresh signals
Spot gold rises for the third straight day, driven by overall weaker dollar.
Recovery from $1782 (2022 low posted on Jan 7) rose above pivotal $1800 barrier (psychological / 200DMA), retracing over 50% of $1831/$1782 bear-leg, with…
Read More...
Read More...
Solid supports at 115 zone hold for now; Fed Powell’s testimony in focus
The dollar regained traction in early Tuesday after being in red four days, as pullback from 2022 high (116.35) faces strong headwinds at 115.00 support zone (psychological / Fibo 38.2% of 112.53/116.35 / rising 20DMA).
The corrective…
Read More...
Read More...
The base of thick daily cloud continues to cap and keep larger bears intact
The Euro dips in European trading on Monday after last Friday’s post-NFP advance faced strong headwinds at the base of thick falling daily cloud (1.1361).
Extended consolidation of a larger downtrend from 2021 high (1.2349) was…
Read More...
Read More...
Cable cracks 1.36 barrier in extension of advance after disappointing US NFP data
Cable cracks 1.36 barrier in early Monday’s trading, maintaining positive stance following last Friday’s jump on well below expectations US non-farm payrolls data.
Bullish setup of daily MA’s underpins the action, along with positive…
Read More...
Read More...
Cable rises for the second day despite downbeat UK GDP data
Cable keeps bullish tone for the second straight day and hit weekly high above 1.33 mark, following minor negative impact from weaker than expected UK GDP and improved sentiment on expectations that Omicron may cause a limited damage to the…
Read More...
Read More...