EURJPY extends steep fall into second consecutive day (down 1.3% durian Asian / European trading on Thursday), losing so far over 2%. Fresh strength of Japanese yen was sparked by hawkish narrative of Japanese officials which points to faster pace of BOJ rate hikes against growing inflationary pressures, while analysts sidelined scenario about…

USDJPY drops sharply in early US trading on Wednesday (down over 1%) after the pair hit the highest in almost five weeks (160.39) but bulls repeatedly failed to sustain gains above psychological 160 barrier. The latest hawkish shift from BoJ officials in calling for quick action to support weakening yen in the situation of increasing…

Brent consolidates under new multi-week high ($96.99) on Wednesday, following 4.7% rally on Tuesday (the biggest one-day gain since July 23) sparked by renewed hostilities between the US and Iran. Growing worries about global supply, due to almost total closure of strategic Hormuz strait, the fact that after US and EU almost completely drained…

Gold remains at the back foot on Monday, but bears found temporary footstep at $4400 zone (Fibo 38.2% of $3942/$4697 recovery leg / 20DMA) and consolidate after Friday’s 3.2% fall (the biggest one-day loss since June 10). Gold was deflated by hawkish comments from Fed Chair Warsh in Jackson Hole symposium which boosted expectations for rate hike…

AUDUSD keeps firm tone and holds near the highest in 3 ½ months on Friday, on track for the ninth straight weekly gain and for the second consecutive monthly close in green. The Reserve Bank of Australia kept hawkish stance and expressed readiness to act quickly (rate hike could be expected as early as September) as inflation picked up in July…

BTCUSD attacks the 80K psychological barrier again after Tuesday’s strong upside rejection at this zone left red daily candle with long upper shadow – initial negative signal, which was partially offset by subsequent bounce, but fresh positive developments still look for confirmation (on firm break through 80K resistance). Bitcoin remains…

The dollar index remains constructive and extends recovery on Thursday, with hotter than expected US inflation (PCE Index) in July, reviving expectations for Fed’s more hawkish stance  and offering fresh support to the greenback. Wednesday’s break and close above 200 DMA (98.99) generated initial positive signal, which requires more upside…

EURUSD remains in extended consolidation under new 3 ½ month high (1.1711) with action holding above broken Fibo barrier at 1.1648 (61.8% of 1.1849/1.1324 descend) that maintains bullish bias (despite initial negative signals from long upper shadows on Thu/Fri daily candles) and keeps the upside in focus. Daily studies keep strong positive…