UK inflation rises unexpectedly GBP/USD climbs higher The British pound has edged higher after UK inflation rose unexpectedly in December. In the European session, GBP/USD is trading at 1.2694, up 0.47%. UK inflation rises to Read more…
Market picture The crypto market has been going around in circles since 13 January, staying near levels 24 hours ago, although Bitcoin’s intraday range exceeded 3.5%. Reaching the highs of the recent trading range triggered Read more…
Gold price is correcting gains below the $2,040 support. Crude oil prices declined steadily below the $72.90 support and moved into a bearish zone. Important Takeaways for Gold and Oil Prices Analysis Today Gold price Read more…
Eurozone CPI was finalized at 2.9% yoy in December, up from November’s 2.4% yoy. CPI core (ex-energy, food, alcohol & tobacco) was finalized at 3.4% yoy, down from prior month’s 3.6% yoy. The highest contribution Read more…
NZDUSD extends its recent bearish leg Violates 50-day SMA and eyes 200-day SMA Oscillators endorse the recent dive NZDUSD had been in a steep uptrend since its 2023 low of 0.5772, generating consecutive higher highs. However, the Read more…
In an interview at Bloomberg House in Davos, ECB President Christine Lagarde said “it’s likely” for a rate cut in the summer, but added that she has to be “reserved”. She emphasized ECB’s data-dependent approach Read more…
In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of Natural Gas ticker symbol: $NG_F. In which, the rally from the 29 March 2023 low unfolded in Read more…
Will gold extend its negative wave below 2,013? Holds beneath SMAs and Ichimoku cloud Technical oscillators suggest bullish correction Gold prices have been posting a negative wave over the last two days in the 4-hour Read more…
Daily Pivots: (S1) 185.26; (P) 185.72; (R1) 186.45; More… GBP/JPY’s rally from 178.32 resumed by breaking through 186.14 temporary top. Intraday bias is back on the upside for retesting 188.63 high next. On the downside, Read more…
Daily Pivots: (S1) 159.49; (P) 159.82; (R1) 160.40; More… EUR/JPY’s rally from 153.15 resumed by breaking through 160.17 temporary top. Intraday bias is back on the upside. Further rally should be seen to 161.8% projection Read more…