EURGBP rises to new multi-month high, but may take a breather before resuming
EURGBP extends steep upleg from 0.8616 trough into sixth straight day and hit the highest in more than five months on Friday.
Larger uptrend from 0.8492 (2023 low, posted on Aug 23) remains fully in play for the second consecutive month…
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Gold continues to trend higher on rising geopolitical tensions; psychological $2000 barrier coming…
Gold extends steep rally and hit three-month high in early Friday, strongly supported by growing demand for safe haven on overheated situation in the Middle East, which threatens to escalate into possible broader regional crisis with…
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USDJPY holds in a narrow range directionless mode and seeks direction signals
USDJPY remains within a narrow range just below psychological 150 barrier, which was cracked earlier this month, but continues to offer solid resistance.
Near-term direction is clouded by mixed signals, as daily studies are in bullish…
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GBPUSD – Break of pivotal supports risks further weakness
Fresh leg lower extends into third straight day, with increasing downside risk seen after break of pivotal supports at 1.2170/22 (trendline support / Oct 13 former higher low).
Close below 1.2122 to confirm signal and expose targets and…
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Australian dollar falls further after weak labor data
AUDUSD remains in red for the second consecutive day, with overall negative Australian September labor data, adding to downside pressure on renewed risk aversion.
Employment rose less than expected and was well below previous month’s…
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Euro loses traction as deepening crisis and higher oil prices hurt risk sentiment
EURUSD came under pressure on Tuesday, as risk sentiment started to fade on deepening crisis in the Middle East.
Higher oil prices and growing fears that the situation could deteriorate after Iran for oil embargo on Israel, add pressure…
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Israeli Shekel comes under pressure again after a limited and short-lived impact of intervention
The USDILS returns above 4.00 mark on Wednesday, following short-lived impact from a partial intervention from the Bank of Israel on Tuesday.
The pair dipped below 3.98 on pullback from new multi-year high at 4.0290, but fresh escalation…
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Oil price rises on growing supply fears
WTI oil price jumped almost 1.5% in Asian / early European session on Wednesday on renewed oil supply fears after a deadly blast at a Gaza hospital further raised tensions in the region.
Fresh advance resumes the rally from Oct 6 low…
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Deepening crisis in the Middle East lifts gold price to one-month high
Gold rose to the highest in almost one month on Wednesday morning, signaling bullish continuation after larger rally paused for consolidation in past two days.
Overall environment remains favorable for safe haven bullion which advanced…
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EURGBP accelerates higher on brightening German investor morale and weak UK pay growth data
EURGBP jumped almost 0.4% in European session on Tuesday, as pound came under increased pressure on below forecast UK pay growth data, which further decreased bets for BoE rate hike in Nov 2 policy meeting.
On the other hand, German…
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