EURGBP hits new multi-month low but very strong supports at 0.8600 zone still hold
EURGBP hit the lowest since 15 Aug 2025 on Wednesday on probes through key supports at 0.8610 zone (multi-month higher base).
The pair remains firmly in red, following Monday’s 0.8% drop (the biggest daily drop since 25 July last year)…
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EURUSD falls to one-year low
The Euro extends steep fall into fifth consecutive day and falls to the lowest in one year on Tuesday, following break of former 2026 low (1.1410).
The single currency was deflated by growing expectations of Fed rate hike that continue…
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UK services sector contraction accelerates in June – PMI
The data released on Tuesday showed that Britain's dominant services sector contracted in June, weakening at the fastest rate since January 2023, that further darkens the picture of the British economy and adds to political uncertainty…
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Oil prices fall on fresh optimism over peace talks
Brent price fell almost $4 on Monday, after initial fears of stalling peace talks that resulted in weekly opening with gap higher, was replaced by more optimistic tones from top US officials.
Fresh weakness cracks again…
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GBPUSD – bears face increased headwinds from 2026 low
Cable continues to trade near 2026 low (1.3159, posted on March 31 and last Friday’s low / trendline support at 1.3163) following news of resignation of UK PM Starmer.
Growing uncertainty about how the new Prime Minister (likely to be in…
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GOLD – bears regain control after short-lived correction and look for renewed attack at key…
Gold remains in red for the third straight day, on track for the third consecutive weekly loss, under renewed pressure from Fed’s hawkish steer.
Recovery leg from $4000 support zone (metal hit new 2026 low at $4023 on June 11),…
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USDJPY trades near a multi-decade high, intervention looms
USDJPY is consolidating above 161 level on Friday after Thursday’s fresh acceleration higher hit 161.80, just ticks under a four-decade peak at 161.95, posted in June 2024.
The pair remains well supported and continued to trend higher…
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EURUSD – larger bears may take a breather before probing through 2026 low
The Euro trades near 2026 low (1.1410) on Friday, holding in red for the third straight day, in reaction to hawkish signals from Fed (the pair has registered the biggest daily loss since 30 July 2025 on Wednesday, following Fed’s hawkish…
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Dollar rallies on growing prospects for Fed rate hike
The dollar extends advance into the second consecutive day and hit the highest in more than a year on Thursday.
Fed’s hawkish hold on Wednesday sparked fresh dollar’s rally, as signals of rate hike by the end of 2026 offsets dollar…
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BRENT OIL – bears may take a breather above 200DMA
Brent fell over 15% in past four days, after the story about US-Iran peace agreement gained momentum, and neared levels it traded at the beginning of war.
Growing optimism that the conflict may end soon and prevent disastrous scenario…
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