BTCUSD – shallow correction likely to precede fresh push towards 70K barrier
BTCUSD – near term action is in red after another failure on approach psychological 70K barrier, but the move down looks so far as limited correction ahead of fresh push higher.
Long tails of today’s and Monday’s daily candles point to…
Read More...
Read More...
Cable – bears look for push though daily cloud base after consolidation
Cable is holding in extended consolidation around cracked psychological 1.30 support as larger bears are taking a breather for consolidation above key supports.
Near-term price action holds within daily Ichimoku cloud (spanned between…
Read More...
Read More...
AUDUSD – bounce from new multi-week low needs to clear key barriers to sideline larger bears
AUDUSD bounces from new six-week low in early Tuesday trading after bears repeatedly faced strong headwinds from solid supports at 0.6645/27 (50% retracement of 0.6348/0.6942 / 200DMA).
Fresh recovery attempts pressure strong barriers at…
Read More...
Read More...
Silver rises to 12-year high
Silver price hit new highest since November 2012 on Monday, in extension of last Friday’s record daily rally of 6.4%, with psychological $34.00 barrier being cracked.
Increased safe haven demand dragged silver price, as geopolitical…
Read More...
Read More...
Gold – rising global uncertainty continues to push gold price to new record highs
Gold continues to trend higher and hit new record highs on Monday morning, after last week’s close above psychological $2700 barrier generate fresh positive signal and reinforced bullish stance.
The yellow metal continues to benefit from…
Read More...
Read More...
USDJPY – violation of pivotal points to generate fresh direction signals
USDJPY regained traction in early trading on Monday but remains with recent range and looks for firmer direction signal.
Near term bias is expected to remain bullish while the price action stays above rising daily Tenkan-sen (149.16)…
Read More...
Read More...
Gold hits new historical high above psychological $2700 level
Gold cracked psychological $2700 barrier and hit new historical high on Friday morning.
Looser monetary policy conditions continue to support the price, along with growing nervousness over US election, with the latest threats of further…
Read More...
Read More...
European Central Bank cuts rates again as inflation continues to ease and bloc’s economy…
The European Central Bank (ECB) made its third interest rate cut of the year on Thursday, lowering the deposit rate by 25 basis points to 3.25%. This marks the first consecutive rate cut in 13 years and signals a significant shift in the…
Read More...
Read More...
Dollar continues to advance on cooling Fed rate cut bets, Trump election victory expectations
The dollar continues to trend higher against the basket of its major counterparts and trades at the highest since early August during European session on Thursday.
Possibility of election win by Republican candidate Donald Trump and…
Read More...
Read More...
EURUSD holds near multi-week low ahead of ECB’s widely expected 0.25% rate cut
The euro fell to the lowest in 2 ½ months in early European trading on Thursday, holding firmly in red for the fourth straight day, a part of larger three-week downtrend.
Markets await the ECB’s policy decision, due later today, with…
Read More...
Read More...