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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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…
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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…
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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…
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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…
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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…
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