Dollar index hits new 2020 low
Pressure on dollar is rising as bears eventually cracked key short-term support at 94.59 (2020 low, posted on 9 March).
Steep fall of past six days points to bearish acceleration, as the index is heading towards sixth consecutive week in…
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Oil prices remain supported by weak dollar but rising US/China tensions weigh
WTI oil price regained traction and bounced from $40.70 to the session high at $41.64 in European trading on Friday, recovering a part of previous day’s drop.
However, the price action remains in a choppy mode and holding in range, with…
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Bulls are consolidating before final attack at all-time high at $1920
Spot gold maintains firm bullish tone and holding just below new multi-year high ($1898) and round-figure $1900 barrier on Friday.
The metal is heading for the biggest weekly gains since the last week of March, as weakening dollar and…
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Bulls need weekly close above cracked Fibo barrier at 1.1595 for confirmation
The Euro is consolidating under new multi-month high (1.1627) on track for the fifth straight bullish weekly close and the biggest weekly gains since the last week of May.
The pair maintains strong bullish tone on weaker dollar and…
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Pullback extends as yen rallies on increased safe-haven demand
Friday’s fresh acceleration lower generates initial reversal signal after Thursday’s action ended in red and left bearish inside day, warning that bulls lost traction on approach to key Fibo barrier at 136.69 (61.8% of 139.73/131.76).
Yen…
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China’s countermeasures deepen tensions and boost safe-haven demand
The pair accelerated lower in Asia on Friday and extend weakness in early European trading, registering drop of 0.6% and marking yen as top gainer of the session.
Fresh weakness generated negative signal on break of the floor of two-week…
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Bulls consolidate under key Fibo barrier
The cross is pausing under key Fibo barrier at 136.69 (61.8% of 139.73/131.76) after risk-inspired rally in past three days hit new five-week high.
Fading risk appetite over rising US-China tensions may put bulls on hold as traders look to…
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