EURGBP extends steep ascend into fifth straight day
EURGBP holds in steep ascend for the fifth consecutive day, strongly supported by rising risk aversion on the latest escalation of trade war, as Euro turned to safe haven asset (along with yen and Swiss franc) on weakening dollar.
Fresh…
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USDJPY reruns to full bearish mode on fresh risk aversion
Bears returned to play and fully reversed the recent bounce from new multi-month low (144.55), with strong bearish signals being developed on daily chart (double recovery rejection / bull-trap above converged daily Tenkan/Kijun-sen).…
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Oil falls to four-year low as escalating trade war further sours the sentiment
WTI oil spiked to new low on Wednesday ($56.70, the lowest since January 2021), as deteriorating global economic outlook continues to deflate oil prices.
The latest package of US import tariffs on China goods (104%) further fueled global…
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Gold rises above $3000 but the downside still at risk
Gold price bounced on Tuesday and returned above key $3000 level, partially offsetting initial negative signal on violation of this support on Monday and threats of deeper pullback on clear break lower.
Profit taking after a steep fall…
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Bitcoin struggles to regain traction after being hit by risk aversion and fell to the lowest in five…
Bitcoin bounced from new five-month low on Monday after broader risk aversion on fears from tariff impact, also deflated cryptos.
Fresh strength cracked psychological 80K resistance, but firm break higher is required to offset negative…
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Nasdaq – bears are taking a breather after almost 10% loss last week
Nasdaq is consolidating above new multi-month low (16463, the lowest since January 2024) after suffering heavy losses in past three sessions and weekly loss of almost 10%.
Partial profit taking on deeply oversold daily studies would…
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S&P 500 opens with gap lower but bears may pause for consolidation after last week’s…
S&P500 opened with one full figure gap lower on Monday and hit the lowest levels since mid-January 2024, in extension of last week’s 8.75% drop.
The price tumbled after President Trump announced implementation of tariffs on all goods…
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Gold – reaction at key $3000 level to provide fresh direction signals
Gold dipped below $3000 and hit the lowest in three weeks in early Monday trading, in extension of pullback from new record high in past two days.
Sharp selloff surprised markets as gold price should have risen further in…
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Dax accelerates lower on trade war escalation
Dax accelerated sharply lower on Friday after China announced its 34% tariffs on US goods, worsening further near term outlook.
The index was down nearly 5% on Friday and on track for a weekly loss of 7.5%, the biggest in more than a…
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Dow Jones remains firmly in red, on track for weekly drop of over 5%
Dow was down 4.8% in past two days, strongly pressured by risk aversion as markets fear of deeper crisis that US tariffs and counter measures could cause on global economy.
From the technical point of view, daily studies are in full…
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