To say March has been a volatile ride for metals would be an understatement. Yet despite sustained losses for palladium and platinum, gold seems less willing to break lower. A couple of themes have done Read more…
DXY: On the H1 timeframe, prices have broken out of our ascending trendline and done a retest. We see the potential for a dip from our 1st resistance at 98.417 in line with 23.8% Fibonacci Read more…
S&P 500 rose 1.23% to close at 4631.60 overnight. The solid break of 4595.31 resistance should confirm that correction from 4818.62 has completed with three waves down to 4114.65. Further rise is now expected as Read more…
New Zealand ANZ business confidence rose from -51.8 to -41.9 in March. Own activity outlook rose from -2.2 to 3.3. Looking at some details, export intentions rose from 0.9 to 7.9. Investment intentions rose from Read more…
BoJ announced to increase the size of its JGB purchases to defend it’s 10-year yield cap imposed under the yield curve control. It increased the size of purchase of JGB with maturities of 3 to Read more…
Key takeaways Recent Fed speeches and interviews have been to the hawkish side suggesting the Fed is about to front-load rate hikes in order to ease high underlying inflation pressure by raising the target range Read more…
Amidst the Ukraine crisis and dimming global growth outlook, the latest jobs report out of the United States will take centre stage on Friday (12:30 GMT). Before that, the Fed’s favourite inflation metric is released Read more…
Key Highlights Gold price started a fresh decline from the $1,965 zone. A key bearish trend line is forming with resistance near $1,920 on the 4-hours chart. EUR/USD attempted a recovery wave from 1.0950, and Read more…
Gold managed to finish the previous week moving higher but has lost substantial ground so far in the current week, almost reversing the previous gains. At the same time, the gold market continues to display Read more…
Positive developments overnight as both Moscow and Kyiv reported peace talks in Istanbul have been productive and after Russia claimed it would pare back activities in Kyiv and As the market waits for more evidence Read more…