USDJPY – key supports under pressure
USDJPY fell to the lowest in 8 ½ months on Wednesday (140.70) following probe through pivotal support at 141.68 (Aug 5 spike low).
Subsequent bounce came from oversold conditions on daily chart, with partial profit taking to…
Read More...
Read More...
Gold price nears record high ahead of US inflation data
Gold price rose for the third consecutive day and came ticks ahead of new all-time high in early Wednesday’s trading.
Markets await the release of US August CPI report to complete the picture ahead of Fed policy meeting next week.
If…
Read More...
Read More...
China’s exports rose well above expectations in August but weaker imports soured the sentiment
China's trade data for August presents a mixed picture, with strong export growth contrasting sharply with disappointing import performance.
Exports surged by 8.7% year-on-year, the fastest pace in nearly 18 months, suggesting that Chinese…
Read More...
Read More...
EURUSD faces again strong headwinds at pivotal Fibo support
EURUSD is pressuring pivotal support at 1.1040 (Fibo 38.2% of 1.0781/1.1200 bull-leg), after facing several rejections at this level recently.
Tuesday’s action is so far holding in a narrow range, following a strong fall in past two…
Read More...
Read More...
Dollar regained traction after mixed US labor data, awaits CPI report, the last key economic release…
The dollar index rose on Monday after almost equal bets for 25 or 50 basis points Fed rate cut diverged in favor of less aggressive option, cooled by mixed US jobs data which point to orderly slowdown in US labor market.
Although the…
Read More...
Read More...
WTI oil – bears pause after last week’s 7.3% drop
Oil price ticked higher on Monday and holding within a narrow consolidation, following 1.8% drop on Friday, sparked by disappointing US jobs data.
Mild rise in early Monday came from a partial profit taking and signals about potential…
Read More...
Read More...
Gold continues to move within larger range, eyes US inflation data for fresh signals
Gold remains at the back foot at the start of the week, after Friday’s 0.8% drop and a weekly close below $2500.
The metal’s price was deflated by US labor data on Friday, as employment increased below expectations but unexpected drop in…
Read More...
Read More...
US job growth accelerated in August but missed expectation – NFP
Today’s NFP report, the most significant of few reports from the US labor sector released this week, showed that nonfarm payrolls increased by 142,000 jobs in August, compared to downwardly revised July figure (89K from initial 114K), but…
Read More...
Read More...
German industrial production unexpectedly falls in July, sparks recession fears
German industrial production fell by 2.4% in July, compared to upwardly revised 1.7% increase in June and strongly beat consensus for 0.4% decline, cooling expectations for economic recovery
Data released on Friday dampened hopes for…
Read More...
Read More...
Bitcoin – bears tighten grip, adding to developing reversal signal
BTCUSD is trading near one-month low in early Friday, holding in red for the fourth consecutive day and on track for the second weekly loss.
Initial signals of formation of reversal pattern on larger timeframe (weekly) on a series of…
Read More...
Read More...