Gold continues to shine, looks for retest of a record high
Gold hit new highest in nearly two months on Friday, following break above recent range top ($4264) which signaled continuation of recovery leg from $3886 (Oct 28 low) and extension through psychological $4300 barrier.
The yellow metal…
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Dollar index – bears accelerate after Fed, on track for third consecutive weekly loss
The dollar index extends steep-post-Fed fall into second straight day, hitting the lowest in six weeks on Thursday.
Fed’s 25 basis points rate cut and relatively dovish Chair Powell’s comments deflated the dollar across the board, with…
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EURUSD advances further in extended post-Fed rally
The Euro remains firm and rises to the highest in seven weeks on Thursday, in extension of Wednesday’s 0.6% advance, mainly seen in post-Fed acceleration.
The single currency benefited from Fed rate cut and more hawkish than expected…
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Fed cuts rates as expected but signals pause in policy easing
The US Federal Reserve cut interest rates by 25 basis points on Wednesday in a widely expected decision but signaled it would likely stay on hold in early 2026, looking for clearer signals about the situation in the labor sector and still…
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Silver hits new record high above $60, strongly underpinned by industrial and safe-haven demand
Silver hit new record high ($61.59) on Wednesday, in extension of Tuesday’s strong acceleration higher which resulted in a daily gain of 4.5% and break through psychological $60 barrier.
Silver continues to benefit from strong demand for…
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Dollar index in a quiet mode ahead of key event – Fed policy decision
The dollar index – recovery leg from 98.70 daily higher base (the bottom of pullback from 100.32 peak) slows on Wednesday, as traders await the verdict from Fed at the end of two-day policy meeting.
Markets widely expect a 25-basis…
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BTCUSD – recovery accelerates and shifts focus towards key near-term barriers
Recovery leg extends into third straight day and accelerated on Monday (up 2.2% until mid-European session), with fresh bullish signals generated on lift above bear-channel upper boundary (90700) and Fibo 38.2% of 107502/80514 descend…
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AUDUSD advances for the eleventh straight day
AUDUSD holds in steep uptrend for the eleventh consecutive day and on track for the second straight weekly gain, mainly driven by weaker US dollar on growing expectations of Fed rate cut, but also holding firm tone against other major…
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Cable surges on disappointing US ADP data
Cable hit fresh five-week high on Wednesday after being initially boosted by better than expected UK Nov services PMI, while unexpected and strong drop in US private payrolls (ADP report) added to expectations of Fed December rate cut…
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US private payrolls fall sharply in November – ADP
The ADP employment report showed that US private payrolls unexpectedly fell by 32K in November, compared to upwardly revised 47K (from 42K) previous month and consensus for 5K rise.
The latest report added to growing concerns about labor…
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