The USDJPY rose further on Friday, signaling bullish continuation after larger bulls took a breather in past three-day consolidation. Fresh bullish acceleration broke above former high at 114.20 (Nov 2018) and hit new highest in nearly four years, pressuring pivotal Fibo barrier at 114.53 (76.4% retracement of 118.66/101.18, 2016/2020 fall).…

The GBPJPY was among the top performers in early Friday’s trading, as cross accelerated higher and hit the highest level since June 2016. Fresh risk appetite pushed the dollar further down and lifted sterling against its major counterparts while yen was sold across the board. The pair was up 0.66% since opening in Asia, extending steep ascend…

The Australian dollar holds in steep ascend for the second consecutive week and accelerated to five-week high on Thursday after FOMC minutes deflated the US dollar. Bulls broke above 0.7405/14 (Fibo 76.4% of 0.7478/0.7170 / falling 100DMA) and pressure pivotal barrier at 0.7450 (Fibo 38.2% of 0.8007/0.7106) the last obstacle on the way towards key…

The Euro holds for the second day in a corrective mode off new nearly 15-month low at 1.1524, where weekly cloud base contained larger downtrend, helped by weaker dollar. Wednesday’s long bullish candle (the pair was up 0.53% for the day) formed bullish outside day, which is expected to underpin the action, but recovery showed signs of stall on…

Spot gold rose sharply on Wednesday (up 1.82% for the day, the second biggest daily advance in 2021) lifted by weaker dollar on further rise in US inflation and unclear situation regarding the start of tapering stimulus, which markets widely expected to begin in Nov/Dec. Fresh advance broke through 200DMA ($1796) and hit one-month high, pressuring…

The dollar extends lower on Thursday, following Wednesday’s 0.52% drop, with Wednesday’s close below 10DMA (94.14) and today’s drop through Fibo 23.6% of 91.92/94.55 upleg, generating initial reversal signal. After minor negative impact from downbeat US jobs data, which were seen as temporary, investors got disappointed after the minutes of FOMC’s…

The Euro lost traction on Tuesday and fell towards last week’s new multi-month low (1.1529) after recovery attempts were repeatedly capped by falling 10DMA (currently at 1.1575). Fresh weakness suggests that relief from downbeat US NFP was short-lived, and the sentiment was additionally soured by weaker than expected German ZEW economic sentiment…

The USDTRY rose through 9.00 barrier and hit new all-time high on Tuesday. Lira remains under pressure which increased on fears that Turkish central bank would make another rate cut in the policy meeting, scheduled next week, after the CBRT cut interest rates by 100 basis points to 18% in September. The central bank’s governor said that the…