Stock futures surge as reports say Russian troops pull back from Ukraine border; Intel to buy Tower Semiconductor for $5.4 billion; Peloton share jump on management shake-up, stake builds; Elon Musk donates $5 billion in Read more…
GBPUSD is edging sideways slightly above the 100-day simple moving average (SMA) as directional impetus has disappeared. The SMAs are converging, largely endorsing a more neutral trend, with the gliding 200-day SMA nourishing bearish pressures, Read more…
… but inflation and central bank tightening remain the key risk. The big news this morning came from Russia, which sent stocks and US futures sharply higher, while Brent crude oil dipped back to $94 Read more…
The Australian dollar has reversed directions and is in positive territory on Tuesday. AUD/USD is trading at 0.7154 in the European session, up 0.37% on the day. RBA preaches patience on rate hikes The RBA Read more…
Cable rose in early European trading on Monday after Russian Ministry of Defense announced return of some troops to bases near Ukraine. Positive news cooled the situation and revived hopes that a war can be Read more…
EURJPY found a strong footing around the 200-day simple moving average (SMA) and the 130.50 level despite a flash breakout to 130.00 on Monday, with the price currently looking to re-enter the 131.00 territory. The Read more…
The Dax 40 remains under pressure over Russia-Ukraine tensions. The last rebound’s failure to achieve a new high showed that the bears were still in charge. Trend followers are likely to sell into strength as Read more…
Bullion rallies over investors’ flight to safety. Silver continues to climb from the daily support at 22.00. Following a brief pullback, a break above the recent high at 23.70 indicates strong buying interest. A bullish Read more…
The US dollar recovers as hot CPI fuels bets of a 50 basis points hike in March. The rally came to a halt at January’s high (116.35). Profit-taking compounded by new selling triggered a liquidation Read more…
Markets European stock markets closed 2%-2.5% lower, but off worst intraday levels following headlines that Russian President Putin gave his Foreign Minister Lavrov the go ahead to continue talks aiming to reach a ‘diplomatic solution’ Read more…