Gold posts new all-time high above $4400 per ounce
Gold hit new record high following 1.8% acceleration in early Monday, which broke above psychological $4400 barrier and pushed the price further into uncharted territory.
Increased safe haven demand on fragile geopolitical and economic…
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EURJPY hits new all-time high
EURJPY hit new record high following 1.1% advance in post BoJ rate decision trading.
Japanese yen weakened across the board after the Bank of Japan raised interest rates by 25 basis points to 0.75% (the highest in three decades) and left…
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Bank of England cuts rates by 25 basis points
The Bank of England cut interest rates by 25 basis points from 4.00% to 3.75%, as widely expected, but signaled that pace of lowering borrowing costs might slow further.
Data released on Wednesday signaled significant inflation drop in…
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GOLD – bulls hold grip for retest of new record high
Gold bounced from key $4300 support zone (which contained attacks in past three days) with the price being on track for the fourth consecutive daily close above this level that adds to positive outlook.
Fresh demand emerged from growing…
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Silver surges to new record high, psychological $70 barrier in sight
Silver advanced over 4% and hit new record high ($66.51) on Wednesday, as demand for precious metals gained impetus after US data pointed to further softening in the US labor market that revived expectations for more dovish Fed’s stance on…
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US nonfarm payrolls rose above expectations in November
The delayed US labor employment report for November and a partial update for October, showed that nonfarm payrolls increased by 64,000 jobs, compared 105,000 drop in October, reflecting the departure of more than 150,000 federal employees,…
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Cable – bulls hold grip ahead of key US data
Cable jumped above 1.3400 mark on Tuesday morning after better than expected December Manufacturing and Services PMIs (preliminary) offset weak numbers from labor report.
Sterling maintains firm tone and holding just under new high in…
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EURUSD – bulls hold grip and extend gains above thick daily cloud
The Euro maintains firm tone at the start of the week and holds near new multi-week high, posted last Thursday (1.1762).
Bulls hold grip and probe again through cracked Fibo barrier at 1.1746 (61.8% of 1.1918/1.1468), also being on track…
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Gold continues to shine, looks for retest of a record high
Gold hit new highest in nearly two months on Friday, following break above recent range top ($4264) which signaled continuation of recovery leg from $3886 (Oct 28 low) and extension through psychological $4300 barrier.
The yellow metal…
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Dollar index – bears accelerate after Fed, on track for third consecutive weekly loss
The dollar index extends steep-post-Fed fall into second straight day, hitting the lowest in six weeks on Thursday.
Fed’s 25 basis points rate cut and relatively dovish Chair Powell’s comments deflated the dollar across the board, with…
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