GOLD- limited pullback from new record high to precede final attack at $2700 target
Gold price eased on Friday after the metal hit new record high on Thursday, with end-of-week partial profit taking being behind the move.
Pullback was so far shallow and the price unlikely to make a stronger dip, but rather consolidation…
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Swiss National Bank cuts interest rates by 0.25% in line with expectations and signals further…
The Swiss National Bank cut interest rates by 25 basis points to 1%, the lowest in more than 1 ½ year, on its monetary policy meeting on Thursday.
The decision was in line with expectations and reflected new trend in easing policy after…
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Dollar index remains firm ahead of US economic data and speeches from top Fed officials
The dollar index keeps firm tone early Thursday following 0.7% bounce previous day, on another failure to sustain break below psychological 100 support.
The greenback was lifted by headwinds from 100 zone and improving sentiment, as…
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GOLD – bulls take a breather, dips likely to be shallow and find ground above key 2600 support
Gold edged lower from new record high ($2670) early Wednesday, taking a breather after advancing 1.10% on Tuesday, lifted by weaker dollar on expectations that the Fed may continue with stronger rate cuts.
People’s Bank of China decision…
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Weaker than expected Ifo data warn that German economy is coming under increased pressure
The data from German Ifo institute released on Tuesday, showed that business morale fell more than expected in September and extends decline into fourth consecutive month.
Ifo business climate index dipped to 85.4 in September (the…
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AUDUSD dips after less hawkish RBA, but larger bulls remain intact
AUDUSD eased from new multi-month high on Tuesday after the Reserve Bank of Australia kept rates unchanged in today’s policy meeting, but comments from Governor Bullock were less hawkish than expected and sidelined expectations for possible…
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Weak data deflate Euro but larger bulls remain in play
EURUSD was sharply down on Monday morning after weaker than expected German and French PMI’s (German manufacturing PMI at 40.3 warns of recession) soured sentiment.
Fresh weakness adds to reversal signals from recent repeated strong…
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BTCUSD – bulls likely to take a breather following repeated failure at 200DMA barrier
BTCUSD edged higher on Friday and hit new three week high, in attempts to extend 4.6% advance on Thursday.
Bitcoin received strong boost from Fed rate cut and underpinned by dovish shift in global rate view.
Technical picture is…
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Japanese yen loses ground as BoJ keeps rates on hold and says not in hurry for further tightening
USDJPY jumped over two figures on Friday after Bank of Japan kept interest rates unchanged and signaled it was not in rush for further hikes, despite the borrowing cost is still very low.
Renewed attempt higher comes after…
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Gold surges to new all-time high above $2600
Gold broke through psychological $2600 barrier and hit new all-time high on Friday morning, on track to register clear break higher after the resistance was cracked in post-Fed jump but resisted attack.
The yellow metal shined after…
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