Gold – reaction at $3300 support zone to generate near-term direction signal
Gold remains in red for the second straight day and hit support at $3300 in early Wednesday, in extension of quick pullback from new record high at $3500, posted on Tuesday.
Significance of $3500 level which many analysts saw as 2025…
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GBPUSD – bulls face headwinds from key resistance but so far hold grip
Bulls show initial signs of fatigue on approach to key barrier at 1.3434 (2024 high of Sep 26) after repeated failure to hold gains above 1.3400 handle.
Strongly overbought conditions on daily chart signal that the recent rally of eleven…
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USDJPY – bears likely to pause above key support zone at 140.00/139.57
USDJPY edged higher on Tuesday after bears cracked psychological 140 support and hit new multi-month low (139.88) and approached key med-term support at 139.57 (2024 low posted on Sep 16).
Partial profit taking at this zone was quite…
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Gold surges to $3500
Gold skyrocketed since Monday’s opening ($3333) and hit $3500 on Tuesday morning, advancing 5% in slightly more than 24 hours.
It seems that rally since the start of the year is unlikely to slow but continues to accelerate (gold was up…
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Dollar index falls to three year low as fundamentals deteriorate
The dollar index remains under increased pressure and trading near new three-year low after it opened with gap-lower at the start of the week.
Turbulent situation on escalation of US-China trade war was fueled by President Trump’s latest…
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EURUSD hits the highest levels since late 2021 on fresh wave of risk aversion
EURUSD surged through 1.15 barrier and hit new multi-year high as effect from worsening fundamentals was boosted by holiday-thinned market on Easter Monday.
The latest escalation of trade war further deflated dollar and provided more…
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Gold resumes rally after a brief holiday pause and nears $3400 target
Markets are back to business and accelerated in unchanged direction after short Easter break.
Gold jumped around 1.8% in Asian/early European trading, hitting series of new record highs and pressuring psychological $3400 level.
Fresh…
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Japan’s inflation rises in March and adds pressure on BOJ
Japan’s core consumer price index, which includes oil products but excludes fresh food prices, rose 3.2%, in line with expectations, but jumped from a 3% previous month.
The latest acceleration was driven mainly by continuous rise in…
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Crude Oil – strong weekly gain boosts reversal signals but downgraded demand outlook darkens…
WTI oil has registered the second weekly gain (the contract was up 3.3% this week), lifted by growing optimism over easing trade tensions between the USA and the European Union and signals of possible deal, new US sanctions on Iran and…
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Dollar Index – narrow consolidation to precede fresh push lower while 100 level caps
The dollar index remains within a narrow consolidation above new multi-month low which extends into fifth consecutive day.
Larger bears are taking a breather after a sharp fall in past two weeks, when the dollar was deflated by imposed…
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