Gold is consolidating after failure at $2000 barrier, Fed policy decision and geopolitics eyed for…
Gold remains at the back foot for the third consecutive day, following another failure to sustain gains above psychological $2000 level.
Yellow metal ‘s price hit new multi-month high at $2009 last Friday, but subsequent return below…
Read More...
Read More...
WTI OIL – bears are pausing above pivotal supports ahead of key economic releases
WTI oil is consolidating within a narrow range early Wednesday after almost 4% drop in past two days which cracked pivotal $81.00 support zone (100DMA (50% retracement of $67.02/$95.00 ascend.
Fresh bears faced increased headwinds in…
Read More...
Read More...
USDJPY on track for the biggest daily gain in months after bulls regained control
USDJPY bounced strongly on Tuesday and returned above 150 barrier, fully retracing pullback of past two days.
Corrective dip was short-lived and left a bear-trap under 149.03 (50% retracement of 147.29/150.77 upleg), signaling that…
Read More...
Read More...
Bulls hold grip but may pause again under $2000 barrier
Gold keeps firm bullish tone and is on track for third weekly gain though the action remains capped just under psychological $2000 barrier.
Growing uncertainty over the conflict in the Middle East continues to fuel demand for safe-haven…
Read More...
Read More...
Dollar index holds in extended consolidation but larger bulls remain intact
The dollar index remains constructive and holding near three-week high in early Friday, despite that the rally in past three days was rejected on Thursday (inverted hammer).
Short-term action holds in extended consolidation, entrenched…
Read More...
Read More...
ECB keeps interest rates unchanged, says that talks about cuts are premature
The European Central Bank left interest rates unchanged at record high of 4%, in line with expectations and signaled that uninterrupted streak of 10 consecutive rate hikes (4.5% increase in total) might be coming to its end.
Positive…
Read More...
Read More...
USDJPY rises above 150 for the first time in one year
USDJPY is establishing above psychological 150 barrier after registering a first daily close above this level in one year on Tuesday.
Fresh rise of the dollar on growing signals that interest rates would remain elevated for some time,…
Read More...
Read More...
GBPUSD – risk aversion continues to pressure
GBPUSD fell to the lowest in three weeks in early Thursday, pressured by renewed risk aversion on growing concerns that interest rates would stay high for longer period.
Bear-leg off 1.2288 (Oct 24 lower top) extends into third straight…
Read More...
Read More...
EURUSD – recovery loses traction after weak PMI’s hurt fresh bullish sentiment
EURUSD edged lower on Tuesday after three-day recovery acceleration faced increased headwinds on approach to psychological 1.0700 barrier, reinforced by falling 55DMA.
Recently strength started to lose traction after weaker than expected…
Read More...
Read More...
Dollar Index stands at the back foot ahead of key US data
The dollar index holds keeps negative stance for the fourth straight day and hit the lowest in one month in European session on Tuesday.
Renewed risk appetite and lower US yields deflated the dollar, which fell nearly 0.6% on Monday (the…
Read More...
Read More...