Gold keeps firm tone in early Monday, despite strong pullback from new record high ($2431) in late Friday trading. Growing geopolitical tensions and fears of escalation of the conflict in the Middle East continue to Read more…
ECB Governing Council member Gediminas Simkus forecasted three 25bps rate cuts for this year, with a potential for a fourth. “I see a higher than 50% chance there will be more than three cuts this Read more…
Gold opens near Friday’s closing price as safe-haven demand stabilizes Bulls wait for a break above 2,430; Bears anticipate a drop below 2,325 It was a harsh weekend, as Iran’s retaliatory missile and drone attack Read more…
Commitments of Traders aggregate net bullish open positions of large speculators in the Gold futures market have flashed a bearish contrarian condition. The recent rally in Gold (XAU/USD) has been primarily driven by an increase Read more…
As you know, Iran launched a missile attack on Israel over the weekend. This could greatly increase the price of Brent oil, given that Iran is one of the top 10 oil producing countries, and Read more…
Markets Markets on Friday were captured by a risk-off correction as headlines/rumours suggested an upcoming, direct strike of Iran against Israel. Especially US equities were hit, closing up to 1.62% lower (Nasdaq). For once, bonds Read more…
Daily Pivots: (S1) 189.67; (P) 191.07; (R1) 192.15; More.. Intraday bias in GBP/JPY remains neutral for the moment. On the upside, break of 193.51 will resume larger up trend to 195.86 long term resistance. Nevertheless, Read more…
Daily Pivots: (S1) 162.08; (P) 163.31; (R1) 164.36; More… Intraday bias in EUR/JPY remains neutral first. On the upside, firm break of 165.33 will resume larger up trend towards 169.96 key resistance next. However, decisive Read more…
Daily Pivots: (S1) 0.8533; (P) 0.8542; (R1) 0.8557; More… Intraday bias in EUR/GBP remains neutral for the moment. On the downside, firm break of 0.8529 support will argue that the corrective recovery from 0.8497 has Read more…
Daily Pivots: (S1) 1.6403; (P) 1.6442; (R1) 1.6505; More… Intraday bias in EUR/AUD remains neutral for the moment. Risk will stay on the downside as long as 1.6516 resistance holds. On the downside, below 1.6368 Read more…