Gold price jumped to one-week high on Friday, in immediate reaction to the speech of Fed Chair Jerome Powell at the Jackson Hole symposium. Markets saw Powell’s remarks as dovish as he pointed to growing risk to the job market (particularly after very disappointing July labor report, as well as strong downward revisions in hiring numbers in…

The dollar index stood at the front foot and hit three-week high on Friday morning, as improved sentiment on Fed policy outlook continued to boost dollar in past few days. Initial signals that the central bank may opt for more aggressive policy easing after disappointing July labor data, along with strong downward revisions of June and May…

WTI oil price rose to one-week high on Thursday, adding to initial signals of basing and possible reversal, after the downleg from $70.50 (July 30 peak) found temporary footstep at $61.50 zone. Expectations for growing US oil demand, uncertainty over Ukraine peace talks and much bigger than expected drop in US crude inventories, provided fresh…

Cable edged higher on Wednesday after testing next key support provided by daily cloud base (1.3464), following break below psychological 1.3500 level (reinforced by daily Tenkan-sen) previous day. Pound was lifted by disappointing UK July inflation data which further darkened outlook as Britain’s inflation is the highest and fastest growing…

AUDUSD remains in a sideways mode for the third straight day, with near term price action moving within a narrow daily cloud. Upticks above cloud top (0.6512) were repeatedly capped by daily Kijun-sen (0.6522) that resulted in attack at cloud base (0.6474, also Fibo 61.8% of 0.6419/0.6568 upleg), which so far contained dips. No clear direction…

WTI oil price returned to red on Monday following limited and short-lived support from US threats to India to stop buying Russian oil. The oil price fell further and pressure the floor of near-term consolidation range that extends into fourth straight day ($61.94, the lowest in 2 ½ months). Overall sentiment remains negative, following…

Gold price edged higher in early Monday, as uncertainty grows ahead of today’s meeting between President Trump and leaders of Ukraine and some European countries. The US President sent a strong signal that the US wants to end war in Ukraine, following Friday’s Trump-Putin summit in Alaska, which many analysts described as the most significant…

USDJPY was in red for the third consecutive day and accelerated losses on Thursday, hitting the lowest in three weeks. Fresh bears spiked through pivotal supports at 146.80/70 (50% retracement of 142.68/150.91 / early Aug higher base) but need close below these levels to confirm bearish signal (also on completion on asymmetric Head &…