USDJPY – bulls regained control after correction; Powell’s speech eyed for fresh signals
Fresh advance from correction low of Nov 3 (149.19) after bears were trapped under daily Kijun-sen, extends into fourth straight day and probed above 151 mark, threatening retest of Oct 31 peak (151.72 and a multi-decade highs at 151.94…
Read More...
Read More...
Gold-near term bears eye key supports
Gold remains at the back foot on Thursday and holding in red for the fourth consecutive day, deflated by fading safe-haven demand as conflict in the Middle East slowed.
Fresh weakness adds to signals of another failure to sustain break…
Read More...
Read More...
WTI oil is consolidating after strong fall in past two days, bears to remain in play below $80
WTI oil is consolidating within a tight range on Thursday morning after falling 6.6% in past two days.
Strong sell-off was sparked by easing worries over supply disruptions in the Middle East and growing concerns about demand from the US…
Read More...
Read More...
USD INDEX – bears take a breather but hold grip for now
The dollar index extends recovery from new seven-week low into second straight day, as renewed risk appetite, which pushed the dollar down 1.4% in past two days, is taking a breather.
Weaker than expected US labor data and softer tones…
Read More...
Read More...
Australia’s central bank delivers another 25 basis points rate hike but tempers its hawkish stance
The Reserve Bank of Australia raised its cash rate by 25 basis points to 4.35%, the highest in 12 years, in line with expectations.
Inflation in Australia remains in a downward trajectory, though still elevated and pointing to risk it…
Read More...
Read More...
Gold eases after another failure above $2000 but overall picture remains bullish for now
Gold edged lower on Monday, deflated by renewed risk appetite after the Fed toned down its hawkish stance and softer than expected US labor data signaled that current policy tightening cycle is close to its end.
Recent multiple failure…
Read More...
Read More...
USDJPY remains biased lower but fresh bearish signals need further confirmation
USDJPY is consolidating after a three-day pullback from new multi-month high (151.72) resulted in another failure to register weekly close above psychological 150 barrier (basically the pair last time closed the week above 150 level in…
Read More...
Read More...
AUDUSD – bulls hold grip but look for fresh direction signal from RBA’s decision
AUDUSD remains constructive and consolidating around 0.65 level on Monday, after 2.8% surge on Friday, sparked by weaker than expected US labor data which deflated US dollar on fading prospects of further rate hikes and holding high…
Read More...
Read More...
GBPUSD – risk appetite lifts the pair to seven-week high
GBPUSD bulls held grip at the start of the week and cracked psychological 1.2400 barrier, in attempts to extend Friday’s nearly 1.5% advance.
Fresh risk appetite gave strong boost to sterling, in addition to BOE’s hawkish stance despite…
Read More...
Read More...
Euro keeps firm tone and looks for extension of Friday’s 1% advance
EURUSD is consolidating Friday’s 1.03% advance (the biggest daily rally since July 12) but keeping firm bullish tone for further advance.
Soft US jobs data and less hawkish Fed deflated the US dollar, lifting the Euro to the highest…
Read More...
Read More...