WTI Oil – bears hold grip as trade issues continue to sour the sentiment
WTI oil price remains in red for the fourth consecutive day and trading near new three-week low on Wednesday.
Bears hold grip despite a partial relief from announcement of US trade deal with Japan, as dissonant tone come from the EU (the…
Read More...
Read More...
AUDUSD rises further on fresh risk appetite
AUDUSD kept firm tone and accelerated higher on Wednesday, extending its latest bull-phase into fourth straight day.
The pair hit the highest levels in over one week, lifted by announcement of US-Japan trade deal that fueled fresh risk…
Read More...
Read More...
Gold hits new 5-week high on break above pivotal barriers at $3400 zone
Gold surged above $3400 barrier on Tuesday after a brief pause (shallow pullback from $3402 to $3383) and cracked next target at $3420 (triangle’s upper boundary).
Steep ascend extends into second consecutive day, with daily close above…
Read More...
Read More...
USDJPY – pullback to find firm ground above 146.70 to keep larger bulls intact
Narrow consolidation follows Monday’s drop which found temporary footstep at 147 zone.
Pullback from last week’s three-month high (149.18) pauses but still has more space to extend lower.
Fibo 38.2% retracement of 142.68/149.18…
Read More...
Read More...
EURUSD – recovery picks up and boosts optimism
EURUSD regained traction and extended recovery on Monday, signaling formation of higher base at 1.1560 zone) and generating initial signal that correction from new 2025 peak (1.1830, posted on July 1) might be over.
Break above first…
Read More...
Read More...
Gold rises on weaker dollar
Gold price rose on Monday and moved to the upper part of near-term range ($3320/$3377) after another attack at the top of rising daily cloud was rejected last Thursday.
Rising daily cloud continues to underpin the action since January…
Read More...
Read More...
Bitcoin – repeated failures at 120K barrier warn of further sideways action
BTCUSD continues to trade in the sideways mode for the seventh straight day, with repeated failures to register close above psychological 120K level indicating that larger bulls might be losing traction after last Monday’s short-lived spike…
Read More...
Read More...
Dollar remains constructive, weekly close eyed for fresh signal
The dollar index keeps overall firm tone and heading for the second straight weekly gain, with some important technical barriers being cracked this week.
However, situation on daily chart indicates that bulls might be running out of…
Read More...
Read More...
XRP – limited pullback from new record high anticipated
XRP remains the top performer among crypto assets and extended steep ascend to new record high ($3.66) following nearly 10% advance on Friday.
The sentiment has improved strongly after the US House of Representative has eventually passed…
Read More...
Read More...
Gold holds in extended near-term range but overall picture remains bullishly aligned
Gold price stays in red on Thursday, with additional pressure seen from better than expected US retail sales which add to Fed’s stance of staying on hold with interest rates until getting clearer signals about inflation.
Fresh bears…
Read More...
Read More...