WTI futures develop within a bullish channel since December Price retreats from a 6-month high but finds support at 50-day SMA Oscillators suggest intensifying positive momentum WTI oil futures (June delivery) have been in a constant uptrend since bottoming out at Read more…
Market picture The crypto market added 0.5% in 24 hours to $2.46 trillion as a rebound in risk appetite in stocks helped altcoins attract buying interest. The Crypto Fear & Greed Index added 1 point Read more…
The Consumer Price Index for Australia was released this morning. According to ForexFactory: → CPI in quarterly terms: actual = 1.0%, expected = 0.8%, previous value = 0.6%; → CPI in annual terms: actual Read more…
Gold price rallied above $2,400 before correcting lower. Crude oil price is rising and it could climb further higher toward the $85.50 resistance. Important Takeaways for Gold and Oil Prices Analysis Today Gold price rallied Read more…
German Ifo Business Climate rose from 87.8 to 89.4 in April, above expectation of 88.5. Current Assessment Index rose from 88.1 to 88.9, above expectation of 88.7. Expectations Index also improved from 87.5 to 89.9, Read more…
GBPUSD posts new 5-month low Price holds in bearish tendency MACD and stochastics suggest upside move GBPUSD is recovering from the five-month low of 1.2300 that was posted on Monday and is heading towards the Read more…
At a conference today, Joachim Nagel, Bundesbank President and ECB Governing Council member, said that if data in the next six weeks bolster confidence in achieving ECB’s 2% inflation target, he would support a reduction Read more…
Daily Pivots: (S1) 191.45; (P) 192.15; (R1) 193.47; More.. GBP/JPY is still bounded in range below 193.51 and intraday bias remains neutral. Further rally is expected with 189.97 support intact. On the upside, firm break Read more…
Daily Pivots: (S1) 164.98; (P) 165.36; (R1) 166.09; More… Intraday bias in EUR/JPY remains on the upside for the moment. Current up trend should target 169.96 key resistance next. On the downside, break of 164.39 Read more…
Daily Pivots: (S1) 0.8578; (P) 0.8611; (R1) 0.8630; More… Intraday bias in EUR/GBP is turned neutral first with current retreat. On the upside, decisive break of medium term trend line resistance (now at 0.8649) will Read more…