Gold probed above $2400 level for the second time, inflated by increased safe-haven demand following Israel’s attack on Iran early Friday. Although the spike above $2400 (the metal’s price reached $2417) was so far short-lived, Read more…
The British pound dipped 0.30% earlier today but has managed to recover the losses. In the European session, GBP/USD is trading at 1.2451, up 0.12%. Retail sales misses estimate The UK release retail sales were Read more…
Gold prices have soared past 2400.00 USD, reaching a new record high on Friday. This marks the fifth consecutive week of gains for the precious metal, fuelled by increasing market demand for “safe-haven” assets amid Read more…
On the night of Thursday into Friday, reports emerged that Israel had attacked Iran following Iran’s attack on Israel over the weekend. Let’s remember that we wrote on Monday that after a 300 drone and Read more…
GBPJPY is in the red today, not far from its recent high It continues to hover inside a rectangle structure Momentum indicators are in waiting mode for the next key events GBPJPY is trading lower Read more…
USDCAD pauses aggressive bull run near five-month high Faces resistance around 1.3800, but remains supported above 1.3690 USDCAD attempted to re-enter the 1.3800 territory earlier today after its pullback from a five-month high of 1.3844 Read more…
The decline in investor expectations regarding a change in the vector of the Fed’s monetary policy contributes to the fall of not only European, but also commodity currencies. So, in recent weeks: AUD/USD has lost Read more…
Short term Elliott Wave view in EURUSD suggests that cycle from 12.28.2023 high is in progress as a zigzag Elliott Wave structure. Down from 12.28.2023 high, wave A ended at 1.0694 and rally in wave Read more…
Markets After a brief correction Wednesday, core yields again turned north yesterday. US yields added between 6.2 bps (5-y) and 3 bps (30-y). The Philly Fed business outlook printed much strong than expected (15.5 from Read more…
In the UK, retail sales volumes was unchanged in March, falling short of the modest 0.3% mom growth anticipated by analysts. The performance within the retail sector was varied: automotive fuel and non-food store sales Read more…