ECB Governing Council member Robert Holzmann said in a conference, “the risk of over-tightening seems dwarfed by the risk of doing too little.” “Monetary policy must continue to show its teeth until we see a Read more…
Gold prices experienced a steep bearish move in the preceding week, losing more than 5% from the recent ten-month top of 1,960 and breaking the uptrend line to the downside. The price found a support level Read more…
In the long term, the USDCHF pair can build a primary corrective trend – a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. Its final part, wave Ⓩ, is under development. It is assumed that the wave Ⓩ may end Read more…
The Dax 40 steadies as investors hope that the ECB is in the later stage of its hiking cycle. Sentiment saw a boost after a bounce off the 20-day SMA (15000), potentially sending the index Read more…
Silver plunges as Treasury yields and the US dollar leap forward post-NFP. The metal was struggling to sustain its momentum in the major supply zone around 24.50 despite another tentative breakout. The lengthy choppy action Read more…
The US dollar soared after January’s jobs report far exceeded estimates. The pair came to a halt in the supply zone around 1.1000 from last April’s sell-off. A drop below the bullish engulfing candle at Read more…
Asian Indices: Australia’s ASX 200 index fell by -25.6 points (-0.34%) and currently trades at 7,532.50 Japan’s Nikkei 225 index has risen by 223.71 points (0.81%) and currently trades at 27,733.17 Hong Kong’s Hang Seng Read more…
Markets Friday was all about exceptionally strong US payrolls and a sharp rebound in the services ISM. The former showed a 517k job creation in January with details strong across the board. The unemployment rate Read more…
US NFP printed 517’000 last Friday. More than half a million. It’s a monstrous gap with the 185’000 expected by analysts. And even if the seasonal factors may have affected the January report… 517’000 jobs, Read more…
Market movers today After a very busy week, this week should be much slower, at least in terms of scheduled events and data releases. Today, we have a few data points out from the euro Read more…