WTI Oil – bears hold grip ahead of Ukraine peace talks
WTI oil price returned to red on Monday following limited and short-lived support from US threats to India to stop buying Russian oil.
The oil price fell further and pressure the floor of near-term consolidation range that extends into…
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Gold – bullish bias above daily cloud, all eyes on Trump’s meetings with political…
Gold price edged higher in early Monday, as uncertainty grows ahead of today’s meeting between President Trump and leaders of Ukraine and some European countries.
The US President sent a strong signal that the US wants to end war in…
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Bitcoin falls sharply from new record high but larger bulls are still firmly in play
BTCUSD collapsed on Thursday (down around 5% into mid US session) after hitting new record high (124500) in Asia.
Bitcoin was deflated by comments from US Treasury Secretary who ruled out buying more BTC for the US strategic reserve, as…
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USDJPY – bearish pressure eases but downside is still at risk
USDJPY was in red for the third consecutive day and accelerated losses on Thursday, hitting the lowest in three weeks.
Fresh bears spiked through pivotal supports at 146.80/70 (50% retracement of 142.68/150.91 / early Aug higher base)…
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WTI oil resumes larger downtrend
WTI oil remains firmly in red and fell to nine-week low on Wednesday, signaling continuation of larger downtrend which paused for a brief consolidation in past three days.
The recent decision of OPEC + cartel to further increase output…
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GBPUSD – bulls accelerate for the second straight day and approach strong barriers
Cable continues to trend higher and nears key near-term barriers at 1.3588 (July 24 high) and 1.3618 (daily Ichimoku cloud top).
Weaker dollar on fresh signals of Fed rate cuts (the first cut to be expected in September) and latest data…
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US inflation rises moderately in July
The US consumer price index rose 0.2% in July compared to 0.3% gain in June, while annualized inflation was unchanged at 2.7% in twelve months to July.
So called core inflation, excluding the most volatile food and energy components, was…
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Reserve Bank of Australia cuts interest rate by 25 basis points, as expected
Reserve Bank of Australia cut interest rates by 25 basis points to 3.6% today, in line with market expectations, after the latest economic data signaled that core inflation would hold around the middle of the central bank’s 2% to 3% target…
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GOLD – drop below triangle support line weakens near term structure
Gold remains firmly in red (down 1.2% until early US trading on Monday), as traders collected profits after repeated rejection at pivotal $3400 resistance zone (psychological / upper boundary of daily triangle pattern).
Fresh weakness…
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BTCUSD – bulls accelerate through 120K and near all-time high
BTCUSD surged through psychological 120K barrier and hit the highest in almost one month (122300) on Monday.
Recovery leg from 112K zone (higher base / the bottom of pullback from new record high) has strongly accelerated in past two…
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