Brent oil price remains within a range between $90.00 and $95.00 for the fifth consecutive day despite renewed tensions in the Middle East and much stronger than expected draw in US crude inventories, as markets still do not see significant threat from the overall situation. Although the price repeatedly jumped (Wed / Thu) on fire exchange…

Gold hit the lowest in ten weeks on Wednesday, following fresh acceleration after breaking below the lower boundary of a bear-channel (which repeatedly contained attacks in few previous sessions). Steep bear leg, the part of larger downtrend, extends into fourth straight day and eyes key support at $4099 (2026 low, posted on Mar 23). The…

USDJPY remains firm and holds above 160 level for the third consecutive day, despite repeated warnings from Japan’s officials about intervention. Growing speculations about Fed rate hike this year continue to underpin the dollar that keeps the pair elevated and on track to retest 2026 high (160.72), where intervention in late Apri started.…

Brent oil price jumped on Monday morning following an escalation in the Middle East (Israel attacked Iran’s energy infrastructure and Iran responded by a wave of attacks on Israel) but gains were short-lived, as the price fell on Iran’s announcement of an end to attacks that calmed the markets. In addition, OPEC+ approved a fourth increase in…

Gold remains firmly in red on Monday and hit 2 ½ month low on Monday, in extension of Friday’s 3.2% drop (the biggest daily loss since March 19). Upbeat US May jobs data added to growing Fed rate hike expectations while fresh escalation in the Middle East fuels inflation. Friday’s break of 200DMA (which recently contained several attacks) and…

The dollar keeps firm tone and hits new nine-week high on Monday, extending Friday’s rally (dollar was up 0.65%) and probed above psychological $100 barrier for the first time since early April. Much better than expected US May labor data (NFP) signaled that labor market continues to strengthen and add to prospects for Fed rate hike, as…

The Euro firmed on Friday and probes again through initial barrier at 1.1635 (daily cloud base / daily Tenkan-sen) after short-lived cloud penetration on Thursday which left daily candle with long upper shadow. Daily cloud continues to cap upticks for almost two weeks, contributing to overall bearish daily structure (cluster of converged DMAs…

USDJPY hit important 160 resistance but stays below this level for the second consecutive day, as traders remain very cautious after the previous intervention commenced at this zone and Japan’s officials repeated today their readiness to intervene again. The notion is supported by today’s comments from BoJ’s Governor who highlighted an increased…