USDJPY resumes rally after a brief pause
USDJPY resumes uptrend on Monday, after a brief pause last Thu/Fri and hit new multi-decade high, just ticks ahead of 154.00 round-figure barrier.
Bulls hold grip despite increased pressure from overbought studies, with last week’s close…
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Gold – sharp pullback from new all-time high warns that bulls might be losing traction
Gold keeps firm tone in early Monday, despite strong pullback from new record high ($2431) in late Friday trading.
Growing geopolitical tensions and fears of escalation of the conflict in the Middle East continue to fuel demand for safe…
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GBPUSD – break of pivotal supports sparks fresh acceleration lower
Cable fell to the lowest in nearly five months on Friday, following fresh bearish acceleration through psychological 1.2500 support and Fibo level at 1.2465 (50% retracement of 1.2037/1.2893 uptrend.
Breach of a multi-month range floor…
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Gold hits new record high
Gold climbed to new all-time high on Friday and cracked psychological barrier at $2400, remaining at a high speed and again taking just few days for a trip from one to another round-figure barrier.
Growing geopolitical tensions continue…
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EURUSD extends steep fall as bears take full control after US inflation data / ECB policy decision
The Euro continues to trend lower and hit new 2024 in early Friday, as steep fall extends into third consecutive day, keeping the pair on track to the biggest weekly loss since the second week of May 2023.
The single currency stumbled…
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ECB keeps its monetary policy unchanged but surprises by signals for a rate cut in June
The European Central Bank kept its interest rates unchanged at a record high, in line with expectations, but surprised markets with signals of possible rate cuts in the near future.
The policymakers showed readiness to start easing the…
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Dollar index continues to benefit from hotter than expected US consumer prices
The dollar index keeps firm tone and rises further on Thursday after surging over 1% on Wednesday (the biggest one-day gains since 3 Feb 2023), lifted by hotter than expected US inflation data, which dropped bets for the start of Fed’s…
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USDJPY hit new multi-decade high after strong US CPI numbers, intervention looms
USDJPY is consolidating near new multi-decade high above 153 mark, after surging around 1% on stronger than expected US inflation data.
Eventual break above narrow two-week range generates initial signal of bullish continuation of the…
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EURUSD – bears are taking a breather ahead of ECB policy decision
The Euro remains firmly in red and holding near last week’s low at 1.0725, following a sharp fall on Wednesday (the pair was down 1%).
Higher than expected US inflation in March, cooled market expectations for Fed’s first rate cut in…
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US inflation increases more than expected in March
US inflation rose above expectations in March, mainly driven by higher costs of gasoline and rents, which accounted for more than half of the increase in consumer prices last month.
The consumer price index rose 0.4% month on…
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