USDJPY hits new multi-decade high despite persisting intervention threats and overbought studies
USDJPY rose further on Monday, signaling continuation after bulls paused for consolidation on Thu/Fri.
Although traders remain cautious over looming intervention, after Japanese authorities reiterated their stance of intervening again to…
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EURUSD – post-French election rally was so far capped by thickening daily cloud
EURUSD - post-French election rally was so far capped by thickening daily cloud
EURUSD opened with gap-higher and rose to three-week high in early European trading on Monday, lifted by results of the first round French…
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GBPJPY hits new multi-year high
GBPJPY remains in an unobstructed uptrend and hit new multi-year high (the highest since 2008) in early Monday.
The cross extends steep ascend into eleventh straight day, after registering the sixth consecutive monthly gain in June.…
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GBPUSD – initial signals of reversal above thickening daily cloud developing on daily chart
Cable edged higher in European trading on Friday ahead of release of US inflation data, today’s key economic event, with better than expected UK Q1 GDP numbers adding to improving sentiment.
Technical picture shows conflicting signals…
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Britain’s economy expanded above expectations in Q1
The latest data shows that the UK's GDP growth of 0.7% in Q1 2024 exceeded expectations and marked an exit from recession. Despite this positive economic performance, the broader economic conditions remain fragile, primarily due to low…
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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…
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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).…
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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…
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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…
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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…
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