Dollar index holds in red ahead of US inflation report
The dollar index is standing at the back foot on Tuesday morning, extending pullback from last week’s recovery high (150.87), with slower pace expected ahead of key release – US inflation report, due later today.
Daily studies weakened…
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Cable cracks pivotal 1.2300 resistance zone on strong UK labor data
GBPUSD cracked 1.2300 barrier in early European trading on Monday, boosted by better than expected US labor data (Sep wages rose above expectations and employment was significantly up in three months to Sep) which added to hawkish stance on…
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EURJPY hits new multi-year high
EURJPY rose to new multi-year high (the highest since Aug 2008) on Monday, continuing to trend higher, as yen remains under increased pressure against its major counterparts, mainly due to the wide gap between the monetary policies.
The…
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USDJPY – bulls pressure key 2022 peak
USDJPY keeps firm bullish tone and extends gains, after 1.4% advance last week and hit new 2023 high on Monday.
Rally extends into sixth consecutive day and came just ticks ahead of 2022 peak (151.94, the highest in over three decades)…
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Bears are pausing ahead of US inflation report
Gold is consolidating above key supports in early Monday as bears take a breather after last week’s 2.7% fall and markets await fresh signals from US inflation report, due on Tuesday.
The metal’s price was sharply down last week on…
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Cable remains in a downtrend ahead of series of UK economic data next week
GBPUSD was in a downward trajectory during this week, pressured by stronger dollar on prospects that inflation in the US may stay elevated, which would prompt Fed for further tightening, as the central bank’s latest comments were more…
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AUDUSD on track for a weekly loss of over 2%
AUDUSD remains firmly in red for the fifth straight day and on track for a weekly loss of over 2% which erased the most of previous week’s gains.
Aussie came under increased pressure from the Fed’s latest hawkish shift, which so far…
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Dollar Index – bulls are taking breather after acceleration on hawkish Fed
Bulls are taking a breather after four-day recovery which accelerated on Thursday on hawkish comments from Fed Chair Jerome Powell.
Fresh advance faced headwinds from significant barrier at 105.81 (50% retracement of 106.96/104.66…
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Fed’s hawkish shift signals that tightening cycle may not be over yet
Fed Chairman Powell surprised markets by his latest remarks, which showed renewed hawkishness in the central bank’s stance on interest rates, after recent initial signals that the Fed is likely done with tightening its monetary policy.…
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Euro remains constructive above 1.07 but limited upside action warns
EURUSD remains constructive and stays afloat above 1.0700 support, with long tails of daily candlesticks of past three days, signaling strong bids, although gains were limited.
Technical studies remain bullishly aligned on daily chart,…
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