USDJPY looks for fresh direction signals from US labor report
USDJPY is holding around the mid-point of Tuesday’s volatile action which moved within 150.16/147.29 range, sparked by signals that Japanese authorities intervened to support weakening yen.
The latest reports from Bank of Japan suggest…
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Gold – bears are pausing ahead of US NFP report
Gold price turned sideways and holding within a narrow range for the second straight day, consolidating after seven-day steep fall.
Larger bears slowed pace ahead of key release of this week – US non-farm payroll report for September-…
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GBPUSD – falling 10DMA continues to cap recovery attempts
Cable started to lose traction in early European trading on Thursday, after Wednesday’s recovery, supported by better than expected UK services PMI and US ADP miss, stalled under initial resistance – falling 10DMA (1.2173), which continued…
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WTI oil remains under increased pressure after falling by 5.5% on Wednesday
WTI oil is about to resume the downtrend after a tight consolidation in early Thursday, following a sharp fall previous day (the contract was down 5.5% for the day in the biggest daily loss since 5 July 2022).
Renewed concerns about…
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EURUSD so far lacks strength for stronger recovery
EURUSD is in recovery mode on Wednesday, as oversold conditions on daily chart prompted a partial profit-taking and much weaker than expected US ADP report added to support.
Daily RSI emerged from oversold territory and 14-d momentum is…
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Dollar Index – bulls take a breather ahead of key US labor reports
The dollar index edges lower from new 2023 high in European session on Wednesday, driven by a partial profit-taking, as the price faced headwinds at 107 zone (50% retracement of 114.72/99.20 downtrend / psychological / weekly Ichimoku cloud…
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USDJPY stabilizes after Wednesday’s plunge, risk of more intervention remains high
USDJPY regained traction in early Wednesday’s trading and held above 149 mark, following turbulent action in the US session on Tuesday.
The pair cracked psychological 150 barrier after upbeat US JOLTS job openings report and hit the…
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Silver is consolidating above new multi-month low
Silver price edged higher early Tuesday, as bears take a breather after strong acceleration in past two days (down almost 7%) hit the lowest in over six months.
The US dollar rose further and remains supported by signals that the Fed is…
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Australian dollar hit 11-month low after RBA kept rates unchanged
AUDUSD extends steep fall into second consecutive day and hit new lowest in eleven months in early Tuesday.
The pair was down 0.8% in Asian / early European trading on Tuesday, in extension of Monday’s 0.93% drop, signaling bearish…
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GBPUSD – downside pressure rises after recovery stall and a bull-trap
Cable lost ground on Monday and retraced the most of bounce from new multi-month low (1.2110) in past two days.
Friday’s candle with long upper shadow signaled that recovery was strongly rejected and formation of a bull-trap above…
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