All eyes were on crude oil prices early this morning following the news over the weekend that the US administration is discussing a potential ban on Russian oil imports with its European allies. Prices soared Read more…
The Euro fell further in early Monday after falling 1.3% on Friday and registering weekly close below psychological 1.10 level. The sentiment remains negative, as growing uncertainty over Ukraine crisis and fears of massive impact Read more…
Oil markets were under great pressure amid increased demand and falling supply. OPEC+ is unable or unwilling to achieve its self-imposed production targets and insists on limiting production increases by 400,000 barrels per day despite Read more…
The Dax 40 plunges for fears of stagflation in the eurozone. The index has ventured further into the bearish territory after it broke below March 2021’s lows around 14000. The liquidation is yet to end Read more…
Gold rallies as investors’ flight to safety continue. The bulls have tempered their aggressiveness after the initial surge. The latest pullback has been an opportunity to accumulate against a bullish backdrop. Price action continues to Read more…
The US dollar softens as the Fed may settle for a less aggressive rate hike agenda. The recent sideways action is a sign of the market’s indecision. Sellers’ previous attempts to push below 0.9150 have Read more…
EUR/USD During the early hours of today’s trading session, the sellers prevailed and the support at 1.0900 was successfully breached. At the time of writing this analysis the euro continues to lose ground against the Read more…
Markets US February payrolls on Friday came in better than expected and saw an upward revision for January too. The Fed is set to kick off the hiking cycle next week, even as wage growth Read more…
The week starts with a 10% rally in US crude prices after the US Secretary of state Blinken said that the US and its allies now consider an embargo on the Russian oil. The market Read more…
Daily Pivots: (S1) 150.91; (P) 152.57; (R1) 153.67; More… Intraday bias in GBP/JPY remains on the downside at this point. Current fall from 158.04 should target 148.94 support next. On the upside, break of 155.20 Read more…