Bitcoin pressures psychological 60K support following 4% drop on Monday
Bitcoin fell around 4% by early US trading on Monday, in the biggest one-dal loss since Apr 30.
Fresh acceleration lower is pressuring psychological 60K support (also near Fibo 76.4% of 56427/71929 rally).
Stretched daily studies add…
Read More...
Read More...
EURUSD – bounce needs to clear 1.0760 barrier to signal stronger correction
EURUSD bounces on Monday, as traders collect profits from Thu/Fri fall.
The single currency regained traction despite weaker than expected German Ifo data, as sentiment improves on growing expectations on ECB rate cut, following recent…
Read More...
Read More...
EURJPY hits new record high
EURJPY continues to trend higher and extends steep upleg into sixth straight day, to hit new record high above 171 mark in early Monday trading.
Bulls firmly hold grip despite overbought conditions and signals from Japan’s authorities…
Read More...
Read More...
WTI OIL – rising demand and geopolitical tensions continue to inflate price, but minor…
WTI oil price hits new seven-week high on Friday, keeping firm tone and on course for the second consecutive weekly gain.
Improving demand was signaled by fall in the US fuel inventories, as summer driving season in the world’s biggest…
Read More...
Read More...
Gold price emerges above daily cloud and on track for the second consecutive weekly gain
Gold price ticked higher and hit new two week high on Friday, on track for the second consecutive bullish week, with weekly advance around 1.3%.
Bullion received fresh support from growing geopolitical tensions and renewed bets for the…
Read More...
Read More...
EURUSD falls further on downbeat PMI data
EURUSD fell to one week low on Friday and extended strong fall of Thursday, after the pair came under fresh pressure from downbeat PMI data.
The reports released on Friday showed that activity in services industry in the Eurozone and…
Read More...
Read More...
Cable dips after BoE’s dovish hold
Cable fell below 1.2700 marks and hit the session low on Thursday, after the BoE kept rates unchanged but markets saw it as a dovish hold which deflated pound.
The fact that inflation returned to 2% target in May did not play the key…
Read More...
Read More...
The Bank of England keeps rates unchanged in line with expectations
The Bank of England (BoE) decided to maintain its main interest rate at 5.25%, a 16-year high, just ahead of the July 4 election.
This decision, made by a 7-2 vote from the Monetary Policy Committee (MPC), aligns with economists'…
Read More...
Read More...
USDJPY probes again through pivotal Fibo barrier, inflated by diverging monetary policies
USDJPY continues to trend higher and cracks pivotal Fibo barrier at 158.22 (76.4% of 160.19/151.85) which recently capped several attacks.
Sustained break here would generate fresh bullish signal for continuation of entire recovery from…
Read More...
Read More...
USDCHF – SNB’s 0.25% rate cut deflates Swiss franc
USDCHF jumped around 0.7% on Thursday after the SNB delivered another 25 basis points rate cut, lowering interest rate from 1.5% to 1.25%.
The central bank argued its decision by the fact that inflation continues to fall, and economic…
Read More...
Read More...