The dollar was sold across the board on fresh dovish signals from Powell
The US dollar fell across the board on Friday, following a highly anticipated speech of Fed Chair Powell in Jackson Hole symposium.
Although Powell did not provide more details about the size and pace of policy easing, as this will…
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Gold – near term tone firmed ahead of key event – Powell’s speech in Jackson Hole
Gold regained traction and bounced on Friday, reversing so far around a half on Thursday’s 1.1% drop, which broke and closed below psychological $2500 level.
Top of the former range at $2480 zone performed as solid support and contained…
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US Dollar Index – bears take a breather ahead of speech of Fed Chair Powell
The dollar index ticks higher in early European trading on Thursday, from new lowest level since Dec 23, hit after release of FOMC July policy meeting.
Minutes showed that the US policymakers remain on track for rate cut in September, as…
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Fed remains on track for September rate cut – FOMC minutes
The Federal Reserve is strongly signaling a likely interest rate cut in September, as revealed in the minutes from the July 30-31 Federal Open Market Committee (FOMC) meeting.
Although the Fed maintained its benchmark interest rate in the…
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EURUSD – bulls are taking a breather under new 2024 high, eye fresh signals from Fed
EURUSD reduced speed after steep rally in past three days which hit new 2024 top (1.1132) just ticks ahead of Dec 2023 top (1.1139).
The single currency continues to benefit from risk appetite and weak dollar on Fed rate cut…
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WTI oil price is entering corrective phase after a sharp fall
Bears are taking a breather after the latest bearish acceleration in past three days (oil price was down 5%) deflated by easing tensions in the Middle East and rise in US crude stocks (API report).
Oversold daily studies and…
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Gold price is consolidating under new record high, ahead FOMC minutes
Gold keeps firm tone and consolidating under new record high ($2531) posted on Tuesday, with third consecutive daily close above $2500 level, pointing to clear break.
The yellow metal holds in a steep multi-month uptrend and…
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USD Index hits new multi-month low, all eyes on FOMC minutes and Fed Chair Powell’s speech
The dollar index fell to new multi-month low on Tuesday, moving in a steep bear-leg which extends into third consecutive day.
Near-term sentiment remains negative on renewed risk appetite, while markets fully price in 25 basis points…
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Cable rises above 1.30 for the first time since mid-July
Cable broke above psychological 1.30 level on Tuesday (last probe above this barrier was on July 17/18).
Rally from 1.2664 (Aug 8 low, where rising daily cloud contained previous downtrend and reversed direction) is steep and…
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EURUSD -bulls hold grip for further gains, shallow correction likely to precede fresh push higher
EURUSD ticked to new 2024 high (1.1088) on Tuesday, but bulls show signs of fatigue after strong rally in past two days.
Fundamentals remain supportive as Eurozone trade surplus strongly widened in June and inflation remained elevated in…
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