Gold rises with Fed speakers & US data in focus After falling 1% yesterday, gold is on the rise today as treasury yields soared. The 2-year treasury yield jumped to 4.351%, its highest level in Read more…
Market picture Bitcoin rose 1.1% on Monday, and on Tuesday morning, it “shot up” another 5.5%, adding 7.5% over the past 24 hours. This growth momentum has brought the price of the first cryptocurrency back Read more…
Credit: Bulls Lab/YouTube LG was forced to cancel its Rollable phone after the company pulled out of the smartphone business, but that didn’t stop a Korean YouTube channel from getting a unit and reviewing the Read more…
The US 100 cash index is finding strong support level at the 200-weekly simple moving average (SMA) at 11,168, but any declines below that line would suggest sharp losses in the long-term. The RSI is reversing higher near Read more…
EURJPY has been experiencing a sharp drop after its latest advance came to a halt at the eight-year high of 145.62. However, in the last couple of sessions, the pair has managed to stop its Read more…
GBPUSD survived Monday’s freefall to the uncharted territory with minor damage, minimizing its losses from a record low of 1.0324 to 1.0683. The pair is currently aiming for a climb above Friday’s closing price of Read more…
Stock markets have steadied in Asia and early European trade on Tuesday but that is not reflective of the mood in the markets at the moment so it may struggle to hold. The volatility in Read more…
EUR/USD The single European currency continues to lose ground against the dollar. During yesterday’s trading session, EUR/USD moved away from the resistance at 0.9691 and the scenario of reaching the support at 0.9410 looks increasingly Read more…
The Dow Jones 30 slips over concerns of a Fed tightening overdose. A break below June’s low at 29800 may have sealed the fate of the index by putting it on a bearish track. The Read more…
The New Zealand dollar softens as markets remain gripped by growth fears. The fall accelerated following the kiwi’s failure to bounce at May 2020’s low (0.5930). The bearish inertia and pessimism may continue to drive Read more…