GOLD registers the biggest daily loss in five years as pullback accelerated after violating key…
Gold price collapsed on Tuesday, falling around 6% in the biggest daily drop since 2020, after hitting a series of new record highs in past few sessions.
Correction was not a surprise as daily studies were strongly overbought for some…
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GBPUSD – biased lower while below thickening daily cloud
Cable remains in red for the third straight day with fresh weakness on Tuesday, pointing to negative signals developing on daily chart.
Friday’s false break above daily cloud, left Doji candle with longer upper shadow and subsequent drop…
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EURUSD – mixed signals while the price holds within daily cloud
The Euro remains in red on Monday, although with limited downside so far, after Friday’s strong upside rejection left bearish daily candle with long upper shadow and formed a bull-trap at daily cloud top, generating initial negative signal.…
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BTCUSD – recovery extends into second straight day but risk of stall under daily cloud…
BTCUSD recovery extends into second straight day and cracks 111K barrier, following another strong downside rejection (Friday’s spike to 103500 zone and short-lived break below ascending 200DMA).
Double weekly candle with long tail added…
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GOLD is consolidating after Friday’s 2% pullback, bulls to remain in play while $4200/$4162…
Gold holds within a narrow consolidation on Monday following almost 2% pullback from new record high ($4380) on Friday, driven by surprise comments from President Trump that the latest tariffs on China’s imports won’t be sustainable.…
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President Trump’s comment that 100% tariffs on China would not be sustainable lifts US stock…
U.S. President Donald Trump unsettled financial markets on Friday after acknowledging that a proposed 100% tariff on Chinese goods would be unsustainable. However, he placed the blame for the latest breakdown in trade negotiations on…
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WTI OIL – bears may take a breather to position for fresh push lower
WTI oil price fell further on Friday, remaining on track for the third consecutive weekly loss and the second straight weekly close below $60 mark.
Oil remains under pressure from darkened demand outlook, with the latest forecast from…
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GOLD continues to hit new record high in each session, peaks near $4400 on Friday
Gold continues to hit new record high on daily basis and rose to $4380 in early Friday trading, after the metal rallied 2.8% on Thursday and closed above $4300, recording new fastest move between two round-figure levels of just one day.…
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Dollar index – pullback faces headwinds from important technical support
The dollar holds in red for the third consecutive day, weighed by escalation of US-China trade conflict and recent dovish remarks from Fed chair Powell that add to strong expectations for two Fed rate cuts by the end of the year.…
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USDJPY eases further on rate cut expectations but key supports still hold
USDJPY fell further on Wednesday as dovish remarks from Fed Powell added to expectations for Fed rate cuts in October and December and kept the dollar at the back foot.
Fresh bears hit one week low but faced strong headwinds at initial…
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