Oil price rises nearly 4%, key barriers under pressure
WTI oil price jumped around 3.7% and hit the highest in almost two weeks on Monday, on track for the biggest daily gain since April 9.
Fresh advance penetrated daily cloud (spanned between $62.83 and $63.92) and cracked psychological…
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Gold price surges on fresh tariff worries, geopolitical factors
Gold opened with gap higher and surged in early Monday trading, lifted by escalation of war in Ukraine, President Trump’s fresh threats of doubling current tariffs on imports of steel and aluminium and victory of Eurosceptic candidate in…
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Inflation in US rose moderately in April – PCE
The US Personal Consumption Expenditures (PCE) Price Index rose 0.1% in April, in line with expectations, after being unchanged in March.
Annualized PCE prices increased 2.1%, below expected 2.2% increase, after advancing 2.3% in March.…
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GBPUSD – initial supports hold pullback for now
Cable remains at the back foot on Wednesday after Tuesday’s pullback from new multi-month high (1.3593) cracked psychological 1.3500 support.
Price dipped to 1.3561 this morning, but quick bounce to 1.3500 zone points to…
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USDJPY – penetration of falling 4-hr and daily cloud bases to open way for stronger short…
Strong bounce on Tuesday is generating initial reversal signal on daily chart and warning of potential stronger short squeeze, as the pair is on track to dent the recent downtrend on daily close above the latest lower top…
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Gold eases on firmer dollar, larger bulls expected to remain intact
Gold price fell on Tuesday morning, as dollar firmed across the board. Fresh weakness emerged after a double failure at pivotal Fibo barrier ($3355, 61.8% of $3500/$3120) with overbought stochastic contributing to negative technical…
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Kiwi dollar probes again through 0.60 pivot and hits new 2025 high
NZDUSD jumped to new 2025 high on Monday, in extension of Friday’s 1.9% rally, after fresh threats of US tariffs on Apple and European Union and subsequent U-turn in policies with the EU, deflated US dollar and boosted risk appetite.…
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EURUSD hits one-month high on fresh twist in US-EU tariff story
EURUSD rose to one-month high on Monday after receiving fresh boost from the latest US/EU trade tariffs.
President Trump shocked markets again after announcing 50% tariffs on all imports from EU as from June1, with unexpected change of…
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GOLD hits two-week high on renewed safe haven demand
Gold regained traction on Friday and rose about 1.7% for the day, to hit two-week high ($3365) and being on track for the biggest weekly gain since early April.
The metal shined on growing concerns over worsening US fiscal situation and…
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USDJPY hit by latest tariff threats and hotter than expected Japan’s inflation
USDJPY fell further on Friday, driven by the latest comments from President Trump about 25% tariff on Apple phones that were manufactured abroad and Japan’s inflation above forecasts in April that may question BOJ’s intentions to proceed…
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