BoE MPC member Michael Saunders said in a speech, “my own view is that further monetary tightening is likely, and indeed, as evident from my votes at the MPC’s recent policy meetings, my preference has Read more…
Crude Oil has added 3% on Monday after finding support late last week as expectations of a meeting between the US and Saudi leaders did not materialise. The much-anticipated and much-discussed meeting between Biden and Read more…
Cable regained traction and accelerated higher in early Monday trading, on revived risk sentiment after US policymakers cooled down expectations for Fed’s jumbo 1% rate hike in late July policy meeting that was speculated last Read more…
The Aussie Dollar started a decent recovery zone from the 0.6680 zone against the US Dollar. The AUD/USD pair was able to move above the 0.6750 resistance zone. There was a clear move above a Read more…
Bitcoin formally closed last week lower, ending it near $21,100. At the time of writing, the upside momentum has built up, taking the price to 21,800, the upper end of last month’s consolidation range. Ethereum Read more…
EURUSD is still failing to print a daily close below the parity level, despite the free fall towards the 20-year low of 0.9950 on Thursday. Chances for an upside reversal are increasing as the technical Read more…
EUR/USD After the European common currency reached parity with the dollar once more, the psychological level withheld the bearish attack and the bulls took control. The pair breached the resistance at 1.0071, and during the Read more…
US stocks rose sharply on Friday and in the futures market as investors focused on the ongoing earnings season. The Dow Jones, S&P 500, and Nasdaq 100 indices rose by more than 1% even as Read more…
The XAUUSD formation hints at a global correction pattern that takes the form of a cycle triple zigzag. The current chart shows the internal structure of the bearish cycle intervening wave x, which looks completed Read more…
The Dax 40 consolidates ahead of the ECB interest rate decision later this week. The price action has been treading water over last March’s low near 12420, which suggests interest in keeping the index from Read more…