USDCHF rises to the highest in nearly five months
The USDCHF continues to trend higher within the broader bull-channel and hit new multi-week high (the highest since Nov 2) on Wednesday.
Larger bulls accelerated after surprise rate cut by SNB last week, which increased pressure on Swiss…
Read More...
Read More...
USDJPY – strong intervention warning after the pair hit new multi-decade high
USDJPY rose to new, marginally higher multi-decade high (151.97) in Asian session on Wednesday, signaling that bulls remain firmly in play, after the dollar received fresh boost from better than expected US data on Tuesday.
Bullish…
Read More...
Read More...
US durable goods orders rebound in February
The recent data on US durable goods orders paints a positive picture for the economy, indicating a stronger-than-expected increase of 1.4% in February, surpassing the forecast of 1.1%. Although there was a downward revision in January's…
Read More...
Read More...
WTI Oil takes a breather after Monday’s 1.40% advance
WTI oil price is holding within a tight range on Tuesday and consolidating Monday’s 1.40% advance, sidelined by mixed fundamentals.
Supply concerns following recent attacks on Russian oil installation, which may cause longer disruptions…
Read More...
Read More...
Gold retests $2200 barrier on renewed safe-haven demand
Gold price jumped on Tuesday and retested psychological $2200 barrier, inflated by weaker dollar on improved sentiment about Fed rate cuts and persisting geopolitical risks.
Market awaits release of US inflation data, due later this…
Read More...
Read More...
GBPUSD – bulls gaining traction after a double rejection at 200DMA
Cable remains constructive in early Tuesday’s trading, after it was lifted by better than expected UK data on Monday and fading expectations for BOE rate cut in May.
Fresh recovery was also underpinned by a double downside rejection at…
Read More...
Read More...
BTCUSD – recovery accelerates and adds to signals of an end of corrective phase
Recovery from correction low ($60688) extends into third consecutive day and accelerates on Monday, adding to signals that corrective phase from new record high ($73839) might be over.
Fresh advance rose above 61.8% Fibonacci retracement…
Read More...
Read More...
USDJPY- bulls hold grip for further gains after consolidation
Bulls are taking a breather and consolidating just under key barriers at 150.90/94 (2023/22 tops) after strong rally in past two weeks.
USDJPY was inflated by a wide gap between US and Japan’s interest rates, with no positive impact from…
Read More...
Read More...
Dollar keeps firm tone against its major world counterparts
The dollar index advances for the second consecutive day and hit three-week high on Friday, also on track for the second weekly gain.
Dollar’s bullish stance was boosted by persisting gap in interest rate settings between the Fed and its…
Read More...
Read More...
Gold eases from new record high
Gold price eases further on Friday, extending pullback from new record high $2222 (posted on Thursday) after a strong upside rejection on probe above psychological $2200 barrier.
The yellow metal came under increased pressure from…
Read More...
Read More...