BoE Deputy Governor Governor Dave Ramsden told Bloomberg that stronger than expected job market could push inflation further higher from current 7% to 10% before year end. “Given what we know about the UK labor Read more…
AUDUSD has pierced beneath the 0.6900 border and is eyeing the lower Bollinger band, located within the key 0.6776-0.6840 support boundary that stretches back to mid-June 2020. While the longer-term 100- and 200-day simple moving Read more…
The tides in FX are turning and after a period where the JPY was smashed on a central bank divergence thematic, some are now seeing ‘value’ and buying JPY, others covering JPY shorts. With implied Read more…
NZDUSD switched to a bearish mood again on Thursday after a neutral session, stretching its downtrend to a fresh two-year low of 0.6235. In technical indicators, the MACD remains negatively charged below its red signal Read more…
BTCUSD has come under tremendous selling pressure in the past few daily sessions, generating a fresh 16-month low. Overall, the technical picture has started to deteriorate, with a series of lower lows and lower highs forming Read more…
Stocks are trading down sharply, after the US CPI data yesterday when numbers above expectations were enough for speculators to sell stocks and buy the USD on hawkish FED projections, with even a 75bp hike Read more…
EUR/USD The pair continues to trade between the support at 1.0482 and the resistance at 1.0580. The range has been going on for two weeks now, with neither side taking the initiative. The market needs Read more…
WTI crude rallies as Russia retaliates by sanctioning European gas companies. A fall below the rising trendline near 106.00 has put the bulls on the defensive. The price has met bids at 98.50 and in Read more…
Bullion steadied after the US CPI receded in April. The price action has found some support at the base of the February bullish breakout. A bullish RSI divergence indicates a slowdown in the downward momentum, Read more…
The Australian dollar struggles as Beijing vows to support its Covid-hit economy. A drop below the psychological level of 0.7000 near this year’s low may have put the Aussie on a bearish trajectory in the Read more…