Gold lost ground on Friday and fell over 3% following more hawkish tones from Fed policymakers that further dropped bets for December rate cut (below 50%, compared to 80% on Thursday and over 90% just a couple of days ago). FOMC members argued their stance by increased concerns about inflation and relatively stable situation in the labor market,…

BTCUSD holds in a steep descend for the fourth consecutive, with strong acceleration lower on Thursday / early Friday, being sparked by fresh sales of risky assets. Traders remain concerned about lack of economic data following the longest US government shutdown in history and moved into risk-off mode, until getting clearer picture. Bitcoin…

EURJPY continues to trend higher and hit new record highs with Yen being additionally pressured by dovish comments from Japanese PM, who administration’s expressed preference to keep interest rates low. On the other hand, comments from Finance Minister on persistent weakening of yen, gives verbal warning about potential intervention by Japanese…

Gold price holds in consolidating mode for the second consecutive day, as bulls take a breather after strong rally on Monday, which broke above some key barriers and generated fresh bullish signals. Very limited profit taking keeps the price afloat above $4100 (reverted to solid support) while upticks were capped at $4145 and so far unable to…

Fresh bullish acceleration from new higher base at 0.8765, extends into second consecutive day and came just ticks ahead of 2025 peak (0.8829, posted last week) on track to fully reverse four-day 0.8829/0.8765 corrective leg and to resume broader uptrend. Political crisis in the UK and budget uncertainty add pressure on sterling, along with…

USDJPY accelerated higher on Wednesday, as breach of recent multi-tops (148.50) triggered stops and pushed the price to the highest since early February. The pair was up 0.45% on Wednesday morning, with recent break above bull-channel upper boundary  and bear-trendline off 161.95 (153.92/95) / Fibo 76.4% of 158.87/139.88 (154.39 respectively)…

The dollar index remains in red for the fourth consecutive day and extends the pullback that emerged after a failure to clearly break psychological 100 barrier and a bear trap at falling 200DMA, which reinforces the resistance. Renewed expectations for Fed rate cut in December on optimistic view that the US economy remains resilient and…

The Euro remains constructive and probes again through cracked Fibo resistance at 1.1570 (38.2% of 1.1728/1.1468 descend), as recovery leg from 1.1468 was boosted by formation of bear-trap on weekly chart (under Kijun-sen). Repeated failure here in last two sessions (upticks were capped by 20 DMA and repeatedly failed to register close above…