Daily Pivots: (S1) 1.3333; (P) 1.3372; (R1) 1.3431; More… Range trading continues in GBP/USD above 1.3252 and intraday bias remains neutral. Risk will stay on the downside as long as 1.3574 resistance holds, in case Read more…
Daily Pivots: (S1) 1.1563; (P) 1.1594; (R1) 1.1641; More…. Intraday bias in EUR/USD is back on the downside with breach of 1.1529 temporary low today. Fall from 1.2081 is resuming and should target 38.2% retracement Read more…
Asian markets endured a severe sell-off today as the escalating conflict in the Middle East drove a dramatic surge in global energy prices. Brent and WTI crude both surged toward the 120 per barrel mark, Read more…
As we head into this volatile week, the economic calendar is being viewed through a “dual-lens”: the cold, hard data from February (pre-war) versus the reality of $110+ oil prices and the de facto closure Read more…
WTI crude oil surged above 110 mark at the start of the week, extending an explosive rally that has already lifted prices roughly 50% since the Middle East conflict began on February 28. The latest Read more…
Key Highlights EUR/USD declined heavily below 1.1620 and 1.1600. A major bearish trend line is forming with resistance at 1.1765 on the 4-hour chart. Crude oil prices surged above $100 and $110 amid the ongoing Read more…
Gold began the week on the defensive while Dollar strengthened broadly across currency markets, as the Middle East conflict has entered its second week with no meaningful signs of de-escalation. The metal is now showing Read more…
China’s consumer inflation rebounded sharply in February, offering a fresh sign of improving domestic demand. Headline CPI rose from 0.2% yoy to 1.3%, well above expectations of 0.9% and marking the strongest increase in more Read more…
Japan’s wage data delivered an encouraging signal for the BoJ at the start of the year. Real wages rose 1.4% yoy in January, rebounding from December’s -0.1% contraction and marking the first increase in 13 Read more…
The Strait of Hormuz is under strain. Iranian oil exports are in jeopardy. And the global energy market was desperately looking for a pressure valve. Venezuela just quietly opened one. For the first time since Read more…