The Euro continues to trend lower and hit new 2024 in early Friday, as steep fall extends into third consecutive day, keeping the pair on track to the biggest weekly loss since the second week Read more…
The AUD/USD pair remains under pressure, hovering around 0.6528 on Friday. Earlier this week, the Australian dollar faced significant challenges, with a sharp decline against the USD. Efforts to stabilise the exchange rate have seen Read more…
Three major US banks; JPMorgan Chase, Citigroup, and Wells Fargo will report their Q1 2024 earnings results today. JPMorgan Chase is ranked 13th in terms of component weightage in the DJIA. Analysts’ Q1 earnings estimates Read more…
The British pound has edged lower on Friday. In the European session, GBP/USD is trading at 1.2594, down 0.47%. The pound is down 1.1% this week and fell to 1.2489 earlier today, its lowest point Read more…
As US CPI comes hotter than expected EURUSD tumbles After ECB interest rate decision EURUSD continues the fall Where is the next stop for the pair? How did EURUSD reacted after the US CPI release Read more…
GBPUSD prints new low for this year Bearish continuation is likely below 1.2480-1.2500 GBPUSD suffered a freefall in the face of hotter-than-expected US CPI inflation data on Tuesday and dropped to a new low of Read more…
Gold price surged toward the $2,400 zone and traded to a new all-time high. Crude oil is attempting a fresh increase above the $85.00 zone. Important Takeaways for Gold and Oil Prices Analysis Today Gold Read more…
ECB Governing Council member Yannis Stournaras expressed the need for an “insurance rate cut” to bolster the nascent recovery within Eurozone. Speaking to Bloomberg, Stournaras highlighted the critical balance the ECB aims to maintain in Read more…
USDCAD trades higher again, tests strong resistance level It is the bulls’ first attempt to break above the current trend channel Momentum indicators are mixed with a possible bearish divergence developing USDCAD is trading higher Read more…
Daily Pivots: (S1) 191.80; (P) 192.19; (R1) 192.81; More….. Intraday bias in GBP/JPY remains neutral and outlook is unchanged. Consolidation from 193.51 is extending but further rally is expected as long as 190.02 support holds. Read more…