AUDUSD – bulls pause after Friday’s strong rally, eye economic data for fresh signals
AUDUSD consolidates just under new 2 ½ month high on Monday after last Friday’s 0.8% gain completed uninterrupted eight-week rally.
Bulls cracked a double Fibo barrier at 0.7180 (Fibo 76.4% retracement of 0.7277/0.6865 / Fibo 161.8%…
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GOLD – bulls hold grip ahead US inflation data, Fed Warsh speech in Jackson Hole
Gold keeps firm tone and holds near four-month high on Monday, following almost 5% advance last week, with surprise US Treasury’s buyback being mainly behind the latest rally.
Traders also look for more cues about the US monetary policy…
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BRENT OIL continues to advance on persisting uncertainty in the Middle East
Brent oil price continues to trend higher and holds near one-month high on Friday, on track for the second consecutive strong weekly gain (up almost 6% for the week).
Growing uncertainty in the Middle East, where the US tries to impose…
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BTCUSD hits the highest in almost four months following rally of over 20% in past three days
BTCUSD rallies for the third straight day (up over 20%), hitting the levels last traded in mid-May and on track for the biggest weekly gain since the first week of December 2017.
The rally was mainly driven by US Treasury support…
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EURUSD – bulls take a breather ahead of fresh advance
EURUSD extends steep ascend into second consecutive day and trading at three-month high on Thursday.
Bulls hold grip after Wednesday’s 0.85% advance (the biggest daily gain since March 19), after generating bullish signals on break above…
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GOLD rises over 3% on weaker dollar
Gold price surged over 3% on Wednesday, driven by sharp fall in the US dollar, on primarily dovish outlook for the Fed monetary policy action.
Fresh gains show strong attempts for eventual break above eight-day range, defined by $4310…
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UK inflation jumps to four-month high in July
British inflation rose to the highest in four months in July, mainly driven by decision of authorities to allow energy companies for maximum charges for the households, while the situation in the Middle East remains fragile, with high risk…
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DOLLAR INDEX breaks key supports
The dollar index hit the lowest levels in two months on Monday, following eventual break of key 99.50 support zone (daily Ichimoku cloud base / trendline support) which recently resisted several attacks.
The dollar is in red for the…
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GOLD – bulls take a breather under new multi-week high ahead of US economic data
Gold price edged lower from new 9-week high in early Thursday trading as positive impact from lower inflation in July started to fade while investors focus on US Producer Price Index data (due later today) which would provide more details…
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US inflation eases in July
US inflation slowed in July, mainly reflecting drop in oil prices due to recent ceasefire in the Middle East, and signaling less pressure on the US central bank to raise interest rates in September.
The Consumer Price Index ticked lower…
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