Benchmark treasury yields in US and Europe rise notably in a day of relatively slow news flow. At the same time, Copper is extending recent up trend while Gold edged higher to new record. European Read more…
Eurozone Sentix Investor Confidence index surged from -10.5 to -5.9 in April, surpassing expectations of -8.3. This marks the sixth consecutive increase, reaching its highest since February 2022. Similarly, Current Situation Index climbed from -18.5 Read more…
Gold’s price soared to a new record high on Monday, stabilising around 2344.00 USD per troy ounce. A confluence of factors is currently bolstering the precious metal’s value. Geopolitical tensions in the Middle East are Read more…
Higher oil prices have led to higher inflationary expectations in the US via the breakeven rates. Recent rise in inflationary expectations coupled with recent “less dovish” Fed Speak from Fed officials Kashkari, and Bostic has Read more…
EURUSD fluctuates near its 50- and 200-day SMAs Forms two successive doji candles, unable to adopt a direction Momentum indicators strengthen but remain negative EURUSD experienced an aggressive decline before finding its feet at 1.0722, a region Read more…
Gold reaches 2,353.90 above 161.8% Fibonacci extension MACD and RSI move higher in overbought regions Gold prices are experiencing a fresh higher high today around the 2,353.90 level, successfully surpassing the 161.8% Fibonacci extension level Read more…
Gold continues to trend higher and posted new record high ($2354) in early Monday trading, in extension of last week’s 4% advance, which generated strong bullish signal on weekly close above psychological $2300 barrier. The Read more…
The halving (reduction of block mining rewards) is expected to occur on April 19-20. Theoretically, Bitcoin mining will become less profitable, leading to a reduction in coin supply. Given unchanged demand, this should drive up Read more…
EURUSD stabilized last week, firstly with five five waves up from 10725 which marks an important short-term low, and then bounced after a wave set-back despite strong US jobs data. We see nice wave b Read more…
Check back for updates throughout the trading day U.S. equity futures edged higher Monday, while Treasury bond yields jumped to the highest levels in more than four months, as investors looked to navigate a challenging Read more…