Dollar index eases from new multi-week high on US data, Japan’s intervention warning
The dollar index fell on Thursday, following overall slightly better than US data and warning from Japan’s authorities about possible action against sharp fall of yen.
The US economy grew by 1.4% in Q1 vs expected 1.3% rise, weekly…
Read More...
Read More...
Silver price may fall more on breach of pivotal supports, but consolidation likely to precede
Near-term action remains in bearish mode and cracks first pivot at $28.65 (June 13 low), with pressure on nearby other key supports at $28.49 and $28.25 (Fibo 38.2% retracement of $26.00/$32.51 / daily cloud base, respectively).…
Read More...
Read More...
EURJPY rises to new record highs
EURJPY continued to trade above 171 mark on Wednesday, hitting new record high, driven by yen’s fresh weakness across the board.
The pair is moving within a steep upleg which extends into eighth consecutive day and is on track to…
Read More...
Read More...
USDJPY probes again through 160 barrier and hits new multi-decade highs
USDJPY hit new multi-decade high above 160 on Wednesday, as bulls regained control after a two-day consolidation.
Fresh probe above psychological 160 barrier suggests that bids remain strong despite warning that Japan’s authorities may…
Read More...
Read More...
Gold stands at the back foot on hawkish comments from Fed; all eyes on US GDP and inflation data
Gold price dipped to one-week low on Wednesday, deflated by the latest hawkish comments from Fed policymakers.
The US central bank expects to bring inflation under control by keeping policy rate unchanged for some time, but also…
Read More...
Read More...
Aussie surges almost 1% vs Kiwi dollar after release of Australia’s inflation report
Australian dollar surged 0.9% vs Kiwi dollar in Wednesday’s morning, lifted by fresh hawkish signals that the RBA may opt for a rate hike next month, after Australia’s inflation rose above expectations and hit new multi-month high in May.…
Read More...
Read More...
AUDUSD jumps on higher than expected Australian inflation
Australian dollar rose 0.6% in early Wednesday, lifted by higher than expected inflation (May 4.0% vs 3.6% in April and 3.8% f/c), which hit the highest in six months.
Fresh rise in consumer prices adds to RBA’s hawkish stance, with jump…
Read More...
Read More...
Dollar index – bullish bias above daily cloud, US inflation data in focus
The dollar index regained traction on Tuesday and ticked higher after dropping 0.4% on Monday.
Pullback was contained by daily cloud top and marked a light correction of a larger uptrend, which remains intact.
Technical picture on…
Read More...
Read More...
USDJPY – bulls hesitate on approach to 160 barrier, potential intervention trigger
USDJPY edges lower after hitting levels just ticks away from 160 barrier, which many see as a trigger for intervention, as Japan’s authorities intervened at the end of April when the pair cracked 160 barrier.
Monday’s trading was closed…
Read More...
Read More...
GBPUSD – recovery needs to clear 1.27 resistance zone to generate continuation signal
Cable remains at the front foot in early Tuesday trading and attempts to extend 0.43% bounce on Monday, which generated initial bullish signal on completion of bullish engulfing pattern on daily chart.
However, fresh bulls face increased…
Read More...
Read More...