The dollar index holds within a narrow range on Friday, some hundred pips under new one month high (101.76) but keeps bullish bias above 100 level. The dollar is on track for the second consecutive close above psychological 100 support and for the fourth straight weekly gain, although long upper shadow on this week’s candle warns of growing…

WTI oil price fell over 3% on Thursday morning, as positive sentiment was soured by the latest encouraging news about US-Iran nuclear talks which may result in easing of sanctions on Iranian oil export and unexpected strong build in US crude stocks that added to growing concerns about oversupply. Thursday’s strong acceleration extends pullback…

Gold price fell through key supports on Wednesday, deflated by growing optimism on US-China trade deal that cooled fears about deeper economic crisis and offset other factors that boost safe haven demand. Fresh wave of risk appetite pushed gold through pivots at $3228 (50% retracement of $2956/$3500 upleg) which recently contained several…

Cable keeps firm near term tone and extends recovery after Tuesday’s 1% rally generated positive signal on over 50% retracement of 1.3444/1.3139 pullback and completion of bullish engulfing pattern on daily chart. Fresh extension higher on Wednesday rose above Fibo 61.8% retracement that adds to development of reversal signal, after strong…

USDJPY extends pullback from new multi-week high (148.64) into second consecutive day, as overbought conditions prompted traders to collect profits. Larger uptrend faced increased headwinds from falling daily Ichimoku cloud (brief penetration into cloud, spanned between 147.87 and 150.56 was short-lived) and also failed to clear Fibo barrier at…

Dow is trading at the highest in nearly six weeks at the start of the US session on Monday, after it opened with a gap-higher in Asia and advanced around 1.3% since then. The latest trade deal between US and China provided strong relief to the markets and boosted risk sentiment, after highly volatile conditions in past few weeks, driven by fears…

WTI oil price jumped over $2 on Monday following success of US-China trade talks over the weekend that eased tensions and signaled that world’s two largest oil consumers are on the way to resolve their trade conflict. The markets welcomed positive move that significantly brightened the demand outlook and further lifted oil price. The WTI…

Gold price fell around 2.5% at the start of the week, as positive news (US-China trade deal / India – Pakistan ceasefire) dominated in early Monday and strongly contributed to fading safe haven demand. Fresh optimism that disastrous scenario of escalation of trade war between world’s two largest economies has been avoided, lifted US dollar and…