DXY: The DXY (Dollar Index) chart indicates a potential bearish movement, with a probable reaction at the pivot leading to a drop towards the 1st support. The pivot at 103.44 serves as significant pullback resistance, Read more…
Key Highlights Gold rallied above the $2,120 and $2,180 resistance levels. It traded below a key rising channel with support at $2,170 on the 4-hour chart. EUR/USD and GBP/USD started a downside correction. Bitcoin price Read more…
ECB Governing Council member Pierre Wunsch emphasized the need for proactive stance on interest rates, acting on the fact that “inflation has gone down, is moving in the right direction”. Speaking at a news conference Read more…
In an interview with Le Figaro, ECB Governing Council member Francois Villeroy de Galhau revealed a “very broad agreement” within the council to initiate rate cuts in spring, with lasts until end of June. Villeroy, Read more…
BoE Governor Andrew Bailey expressed a more positive stance on the UK’s inflation scenario compared to a year ago, particularly regarding the potential for “second round effects” to drive further price surges. At a panel Read more…
Gold and Bitcoin cruise to new all-time highs simultaneously However, there are different drivers behind these rallies Overall, both assets might have more scope to run higher Gold and bitcoin go through the roof It’s Read more…
CADJPY reversed from support level 109.00Likely to rise to resistance level 110.00d CADJPY currency pair recently reversed up from the support level 109.00 (low of the previous correction 4) coinciding with the lower daily Bollinger Read more…
Nasdaq-100 index reversed from key support level 18000.00 Likely to rise to resistance level 18400.00 Nasdaq-100 index recently reversed up from the key support level 18000.00 (former strong resistance from February acting as the support Read more…
The US Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) in the US increased to 3.2% year-over-year in February from 3.1% in January. The Core CPI, which excludes volatile food and Read more…
US consumer inflation beat expectations for the fourth month in a row. The CPI rose 0.4% m/m. The monthly growth rate has been rising since October. The year-over-year rate climbed to 3.2%, a bit above Read more…