Gold opened higher and above its 50-day simple moving average (SMA) on Monday, stretching Friday’s impressive 2% rally, which was the fastest daily run since November 10, up to a five-week high of 1,894. The Read more…
Markets On Friday, it was impossible for markets to decouple its reaction to the US payrolls from the developing story on Silicon Valley Bank. The US economy in February added an above-consensus 311 000 jobs. Read more…
Daily Pivots: (S1) 1.0575; (P) 1.0638; (R1) 1.0702; More… EUR/USD’s break of 1.0693 resistance indicates short term bottoming at 1.0523, on bullish convergence condition in 4 hour MACD. More importantly, the corrective decline from 1.1032 Read more…
DXY: Price has reversed from 1st resistance area of 105.56, with lines up with the 38.2% Fibonacci retracement which is an overlap resistance. it could potentially drop to our 1st support at 101.12, In terms Read more…
Bumps along the road We expect a 0.2% fall in GDP for the December quarter, following two quarters of extremely strong growth. This does not necessarily mark the start of a recession. GDP data has Read more…
Bumps along the road We expect a 0.2% fall in GDP for the December quarter, following two quarters of extremely strong growth. This does not necessarily mark the start of a recession. GDP data has Read more…
EUR/USD: USA Labor Market Stops USD Jerome Powell played on the dollar side last week. Of course, the Fed Chairman knew that markets expected an interest rate increase of 25 basis points (bps) from the Read more…