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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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.…
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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…
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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…
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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…
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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…
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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…
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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…
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