USDJPY retreated from a fresh ten-month high on Friday following comments from top Japanese officials that fueled expectations of potential intervention, as the yen had weakened sharply in recent weeks and approached levels where the central bank previously intervened. Overbought conditions on daily charts also prompted profit-taking, although…

Gold surrendered more than 3% on Friday, following hawkish comments from Fed officials that further dampened expectations for a December rate cut, pushing probabilities below 50% after they had been above 80% on Thursday and over 90% just days earlier. FOMC members cited rising inflation concerns and a relatively stable labor market as…

BTCUSD remains in a sharp downtrend for the fourth consecutive day, with Thursday and early Friday seeing accelerated selling driven by broader risk-off sentiment. Traders are cautious amid the absence of key economic data due to the prolonged US government shutdown, prompting a move away from risk assets. Bitcoin decisively broke through…

EURJPY extended its strong uptrend, reaching new record highs as the yen remained under pressure following dovish remarks from Japan’s Prime Minister, whose administration signaled a preference for maintaining low interest rates. Meanwhile, comments from the Finance Minister expressing concern over the yen’s persistent weakness served as a…

Gold remains in a consolidation phase for the second day, as bulls pause following Monday’s strong rally that broke key resistance levels and generated fresh bullish signals. Limited profit-taking has kept the price supported above $4100, while upward moves faced resistance at $4145 and have yet to close above the critical Fibo level at $4134…

Fresh bullish momentum extended for the second straight day from a new higher base at 0.8765, bringing EURGBP just shy of its 2025 peak at 0.8829 posted last week. The move signals a likely completion of the recent four-day 0.8829/0.8765 corrective phase and a continuation of the broader uptrend. Mounting political turmoil in the UK and…

USDJPY surged on Wednesday, propelled by a break above recent multi-tops at 148.50, triggering stops and lifting the pair to its highest level since early February. The pair gained 0.45% in Wednesday morning trade, as the break above the bull-channel upper boundary, the bear-trendline off 161.95 (153.92/95), and the 76.4% Fibo of 158.87/139.88…

The dollar index extended its decline for a fourth consecutive day, continuing the pullback that followed its inability to decisively break the key psychological 100 level and a bear trap at the falling 200DMA, which now reinforces resistance. Ongoing expectations for a Fed rate cut in December, driven by optimism that the US economy remains…