The XAU/USD gold chart today indicates that the price of the metal has exceeded USD 2,250 per ounce. Causes: → Geopolitical tensions. Military conflicts in Ukraine and the Middle East do not subside, the threat Read more…
Gold edges lower from new record high ($2288) in early Wednesday, as bulls show signs of fatigue after advancing over 5% in a steep acceleration in past six days. Although the metal resumed the uptrend Read more…
In an interview with Reuters, ECB Governing Council member Robert Holzmann said that an interest rate cut in April is “not on my radar”. Instead, he highlighted June as a critical time for evaluating the Read more…
GBPUSD drops below uptrend line Price remains within sideways channel MACD and RSI indicate neutral-to-bearish bias GBPUSD dropped beneath the long-term ascending trend line and the 200-day simple moving average (SMA. Nevertheless, it has not escaped the Read more…
Markets German Bunds opened softer yesterday in a catch-up move with the US Treasury sell-off on (Easter) Monday. Selling pressure remained until the start of US trading despite lower-than-expected German CPI data and a slight Read more…
Mood was down in Asia today as the strongest earthquake in 25 years led to halted operations in TSM and United Microelectronics. Elsewhere, major stock and bond markets in Europe and the US were painted Read more…
In focus today In the US, March ADP private sector employment and ISM Services are due for release. Yesterday’s labour market data supported the notion of labour markets gradually becoming more balanced. Hence, it will Read more…
Daily Pivots: (S1) 190.21; (P) 190.46; (R1) 190.88; More….. Further decline is expected in GBP/JPY with 191.65 minor resistance holds. Fall from 193.51 would target 187.94 structural support. On the upside, break of 191.65 minor Read more…
Daily Pivots: (S1) 162.77; (P) 163.06; (R1) 163.49; More… Intraday bias in EUR/JPY is turned neutral gain with current recovery. On the downside, below 162.59 will resume the fall from 165.33 to 160.20 structural support Read more…
Daily Pivots: (S1) 0.8544; (P) 0.8559; (R1) 0.8578; More… No change in EUR/GBP’s outlook and intraday bias stays neutral. On the downside, firm break of 0.8529 support will argue that the corrective recovery from 0.8497 Read more…