Gold broke resistance level 1855.00 Likely to test resistance level 1900.00 Gold continues to rise after the earlier breakout of the resistance level 1855.00 (former support from the start of May) and the 50% Fibonacci Read more…
Hawkish comments from ECB President Christine Lagarde and weaker PMI data from the UK have helped push EUR/GBP back towards recent highs. Yesterday, Christine Lagarde’s blog regarding monetary policy normalization in the Euro Area gave Read more…
Major correction on the cards? The rally in USDJPY from early March to early May was huge, driven by a combination of a soaring greenback and a BoJ determined to support its yield curve control Read more…
Crude oil has added for the fourth consecutive trading session. However, the rise in quotes has been tempered by comments from the German economy minister, claiming that the EU could agree on an embargo on Read more…
The billionaire and CEO of Tesla was born in South Africa and moved to Canada as a teenager. Is this the return of the prodigal son? If Elon Musk has become the world’s most influential Read more…
Hawkish ECB boost the single currency The euro has caught a strong bid against the pound in recent days on the back of some very hawkish commentary from the ECB and poor economic data in Read more…
Bears tightened grip on Tuesday after being congested in past three days, sending the pair to five-week low and signaling an extension of corrective pullback from new 20-year high (131.34). Profit-taking after strong bullish acceleration Read more…
The euro has extended its gains on Tuesday. EUR/USD has broken above the 1.07 line for the first time since April 26th. ECB’s Lagarde sends euro soaring The euro was red hot on Monday, as Read more…
Asset manager Cathie Wood also bought shares of her flagship fund’s No. 3 holding and shares of a cryptocurrency exchange. The prominent investor Cathie Wood, chief executive of Ark Investment Management, reversed course on a Read more…
Markets All eyes were on PMI business confidence for May today. In a context where concerns about growth going forward rise by the day, they provide much-appreciated guidance. For Europe, the fall-out of the war, Read more…