Crude oil prices were sharply down on Friday on announcement from Iranian government that the Strait of Hormuz was open for all commercial vessels. Brent crude price fell around 10% immediately after the announcement in early US session, hitting the lowest in five weeks, in the biggest daily drop since March 23. Fresh drop in oil…

The Euro jumped to two-month high on Friday, as bulls regained traction after eight-day rally paused for narrow consolidation in past two sessions. Further drop of the dollar continued to fuel risk appetite and provided fresh support to the single currency, which recovered all losses caused by the war in the Middle East in past almost two…

WTI oil price fell on Friday following repeated failures to register close above $90 barrier and pressure the base of near-term congestion, defined by the base of daily Ichimoku cloud, as the price action moves within the cloud (spanned between $87.61 and $91.37) for the third consecutive session. Growing optimism of a peace solution for Middle…

Bitcoin price edged lower after the acceleration in past three days broke above Fibo level at 74375 (38.2% of 97946/59805) and cracked strong barriers at 74575/74775 (daily cloud top / 100DMA). Fresh optimism about solution for the Middle East conflict revived risk appetite and underpinned bitcoin, with predominantly bullish…

The dollar edged higher on Thursday as traders booked profits from the recent fall, which accelerated in past three sessions and hit the lowest since late February. Oversold conditions on daily chart prompted a partial profit-taking, which would likely mark a brief pause in a larger downtrend, as growing optimism about…

AUDUSD keeps firm tone and hit new (marginally higher) one-month high on Wednesday, underpinned by renewed risk appetite on growing hopes on a peace solution between the US and Iran. Multiple daily MAs bull crosses and strengthening positive momentum add to bullish outlook, although the rally may pause for consolidation / limited correction…

Cable edged lower on Thursday, as bulls take a breather after strong rally in past two days (part of larger seven-day rally) that hit two-month high (1.3589) on Tuesday and probed above the top of thickening daily Ichimoku cloud (1.3561). Overbought daily studies contributed to a partial profit-taking, with dips expected to be limited (ideally…

The dollar opened higher on Monday, following fresh signs of escalation in the Middle East after US/Iran peace talks failed, but lacked strength to maintain gains, reversing a good part of its overnight advance during European and early US trading. Although greenback played a role of leading safe-haven asset during the five-week war, last week’s…