Month: February 2022

Key Highlights USD/JPY climbed above the 115.00 and 115.50 resistance levels. There is a major bullish trend line forming with support near 115.20 on the 4-hours chart. EUR/USD is struggling below 1.1480, and GBP/USD could Read more…

Inflation soared to its highest level since 1982 and yields spiked, but gold has nonetheless found support. The yellow metal recovered as the US dollar turned lower after its initial rally. Will the breakout hold Read more…

FTSE 100 broke key resistance level 7620.00 Likely to rise to resistance level 7800.00 FTSE 100 index recently broke above the key resistance level 7620.00 (which has been reversing the price from the middle of Read more…

NZDUSD broke key resistance level 0.6700 Likely to rise to resistance level 0.6800 NZDUSD currency pair recently broke the key resistance level 0.6700 (former strong support from the start of December). The breakout of the Read more…

Silver reversed from support level 22.00 Likely to rise to resistance level 24.55 Silver recently reversed up from the key support level 22.00 (which has been reversing the price from the end of 2020 as Read more…

As we wrote about earlier, US CPI was 7.5% YoY vs 7.3% YoY expected and 7.0% last.  Markets know that inflation is high.  The government knows inflation is high. The Fed knows inflation in high.  Read more…

The January US CPI print was 7.5% YoY vs and expectation of 7.3% YoY and 7.0% YoY in December. This was the highest level since February 1982.  In addition, the Core Inflation Rate, which excludes Read more…

Gold is one of the most popular trading assets in the world, with a several age history and an unbelievably large market capitalization of $11 trillion. There are 100 ounces of gold in 1 lot, Read more…