BTCUSD – bears regain full control but continue to face headwinds at key support zone
BTCUSD remains in red for the third straight day and pressures again key supports at 111370 (100DMA / 50% retracement of 98182/124558) and 110722 (daily Ichimoku cloud base) after fully retracing Friday’s post-Powell rally and dipping to…
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USD INDEX – bears pause for consolidation before renewed attack at key supports
The dollar index takes a breather after nearly 1% drop on Friday, inspired by unexpectedly dovish Fed Chair Powell’s remarks in his speech in Jackson Hole symposium of central bankers.
The dollar has registered the biggest daily drop…
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USDJPY regains traction after Friday’s fall
USDJPY edged up in early Monday, recovering a part of Friday’s around 1% drop, sparked by dovish comments from Fed Chair Powell.
Friday’s fall was contained by rising 55DMA (146.60) which tracks the pair’s ascend since early July, as…
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Gold rises over 1% on dovish Powell’s remarks in Jackson Hole
Gold price jumped to one-week high on Friday, in immediate reaction to the speech of Fed Chair Jerome Powell at the Jackson Hole symposium.
Markets saw Powell’s remarks as dovish as he pointed to growing risk to the job market…
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German economy contracts more than expected in the second quarter
Germany’s economy shrank by 0.3% in the second quarter of 2025 compared with the previous quarter, according to revised figures from the statistics office on Friday, which had initially estimated a smaller contraction of 0.1%.
Industrial…
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Dollar index keeps firm tone ahead of Powell’s speech
The dollar index stood at the front foot and hit three-week high on Friday morning, as improved sentiment on Fed policy outlook continued to boost dollar in past few days.
Initial signals that the central bank may opt for more aggressive…
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WTI oil edges higher on demand, crude stocks drop and uncertainty over peace talks
WTI oil price rose to one-week high on Thursday, adding to initial signals of basing and possible reversal, after the downleg from $70.50 (July 30 peak) found temporary footstep at $61.50 zone.
Expectations for growing US oil demand,…
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GBPUSD continues to pressure daily cloud base following limited positive impact from higher than…
Cable edged higher on Wednesday after testing next key support provided by daily cloud base (1.3464), following break below psychological 1.3500 level (reinforced by daily Tenkan-sen) previous day.
Pound was lifted by disappointing UK…
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UK inflation rises to multi-month high in July
Inflation in Britain rose to 3.8% in July from 3.6% in June and above 3.7% forecast, hitting the highest since early 2024.
July data also showed British inflation is the highest and fastest growing among world’s largest economies.
The…
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AUDUSD – neutral near-term tone while the price ranges within daily cloud
AUDUSD remains in a sideways mode for the third straight day, with near term price action moving within a narrow daily cloud.
Upticks above cloud top (0.6512) were repeatedly capped by daily Kijun-sen (0.6522) that resulted in attack at…
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