Silver rises to 12-year high
Silver price hit new highest since November 2012 on Monday, in extension of last Friday’s record daily rally of 6.4%, with psychological $34.00 barrier being cracked.
Increased safe haven demand dragged silver price, as geopolitical…
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Gold – rising global uncertainty continues to push gold price to new record highs
Gold continues to trend higher and hit new record highs on Monday morning, after last week’s close above psychological $2700 barrier generate fresh positive signal and reinforced bullish stance.
The yellow metal continues to benefit from…
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USDJPY – violation of pivotal points to generate fresh direction signals
USDJPY regained traction in early trading on Monday but remains with recent range and looks for firmer direction signal.
Near term bias is expected to remain bullish while the price action stays above rising daily Tenkan-sen (149.16)…
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Gold hits new historical high above psychological $2700 level
Gold cracked psychological $2700 barrier and hit new historical high on Friday morning.
Looser monetary policy conditions continue to support the price, along with growing nervousness over US election, with the latest threats of further…
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European Central Bank cuts rates again as inflation continues to ease and bloc’s economy…
The European Central Bank (ECB) made its third interest rate cut of the year on Thursday, lowering the deposit rate by 25 basis points to 3.25%. This marks the first consecutive rate cut in 13 years and signals a significant shift in the…
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Dollar continues to advance on cooling Fed rate cut bets, Trump election victory expectations
The dollar continues to trend higher against the basket of its major counterparts and trades at the highest since early August during European session on Thursday.
Possibility of election win by Republican candidate Donald Trump and…
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EURUSD holds near multi-week low ahead of ECB’s widely expected 0.25% rate cut
The euro fell to the lowest in 2 ½ months in early European trading on Thursday, holding firmly in red for the fourth straight day, a part of larger three-week downtrend.
Markets await the ECB’s policy decision, due later today, with…
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AUDUSD holds near one-month low ahead of Australian labor report release
AUDUSD came under increased pressure in past few sessions with fresh acceleration lower on Wednesday, pushing the price to one month low (0.6668).
Break through 100DMA (0.6693) and penetration of rising thick daily Ichimoku cloud…
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Gold – bulls hold grip for retest of new record high
Gold price came just ticks ahead of new record high ($2685) during European trading on Wednesday, in fresh extension of bull-leg from $2602 higher low of Oct 10 and the bottom of corrective phase from $2685.
The metal remains strongly…
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GBPUSD dips below 1.30 on weaker than expected UK CPI numbers
Cable accelerated lower and cracked psychological 1.30 support, to hit the lowest in almost two months in early Wednesday.
Sterling was down 0.8% in immediate reaction to economic data which showed that UK inflation fell more than…
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