Steep ascend extends into sixth consecutive day, with strong acceleration seen in post-Fed period on Wednesday and extending to new seven-week high in late Asian / early European trading on Thursday. However, long upper shadows on daily candles of Wednesday and Thursday, suggest that bulls are likely running out of steam and warn of rally’s…

Gold keeps firm tone on Thursday and rose further, in extension on Wednesday’s post-Fed 1.5% rally. The metal shined after dovish shift from the US policymakers deflated dollar, while growing uncertainty over the simmering crisis in banking sectors and estimations of its negative impact, additionally boosted gold’s safe-haven appeal.…

The dollar index remains firmly in red for the sixth straight day and hit new seven-week low in early Thursday, after Fed’s decision further soured the sentiment. The US central bank raised interest rates by 25 basis points to 4.75% / 5.00% range, as widely expected, but toned down its expectations for monetary policy, in the light of the latest…

The dollar index remains at the back foot, but holding in a quiet mode on Wednesday, awaiting Fed’s decision for fresh direction signal. Technical picture is firmly bearish on daily chart and favor further weakness, though oversold stochastic and the price action facing headwinds at 102.64 Fibo support (61.8% retracement of 100.66/105.85), which…

The USDJPY keeps positive tone on Wednesday after bounce by nearly 0.9% on Tuesday revived bulls and generated initial signal of formation of reversal pattern on daily chart, with the notion being supported by strong downside rejection at daily cloud base and a bear-trap at Fibo support at 131.30 (61.8% of 127.22/137.90). Fresh advance cracks…

Cable jumped to a seven-week high in European trading on Wednesday, after UK inflation report showed unexpected rise in consumer prices, causing a hawkish shift in rate expectations, one day ahead of BOE policy meeting. Markets now expect a 25 basis points hike to 4.25%, fueling fresh rise of the pound, though Fed policy decision, due later…

The Euro is holding firm tone on Tuesday morning and extending advance into fourth straight day. Near-term action continues to advance along with rising daily Ichimoku cloud base, as the cloud twists next week (1.0758) and attracts bulls. Bullish daily studies contribute to positive near-term outlook, as bulls broke through pivotal Fibo barrier…

Cable is a tad lower in early Europe on Tuesday, as bulls are taking a breather after strong rally in past three days, which hit the highest since Feb 2. Overall picture remains bullish, with easing of fears about crisis in banking sector, cautiously reviving risk appetite, however, concerns about the stability of US financial system persist.…