Gold started Monday’s session on the wrong foot of what it could turn into its fourth consecutive week of declines. The 1,870 area is currently buffering selling tendencies, but the momentum indicators are still feeding scepticism. The Read more…
The Dax 40 tumbles as risk appetite subsides amid global policy tightening. The index has met stiff selling pressure at the origin of the late April sell-off at 14300. A drop below the psychological level Read more…
The Canadian dollar softens as April’s labour market performance fell short of expectations. A combination of a break above March’s high (1.2900) and a bullish MA cross on the daily chart confirms the market’s upbeat Read more…
The US dollar climbed after better-than-expected NFP in April. The euro is licking its wounds after it broke March 2020’s lows near 1.0640. The price is seeking support above March 2017’s lows (1.0500). The previous Read more…
Eurozone Sentix Investor Confidence dropped from -18.0 to -22.6 in May, worse than expectation of -20.8. The’s the third decline in a row, and the lowest reading since June 2020. Current Situation index dropped from Read more…
EUR/USD During the last week, the single European currency was trading around the key level at 1.0565, but the week ended with a breach of 1.0565 – a level that already plays the role of Read more…
Markets Last week ended with another joint sell-off in stocks and bonds after solid April payrolls. The report provided the Fed with all the arguments to continue its recently beefed up tightening pace, even as Read more…
Asian markets and commodity FX led the way lower overnight as traders continued fret over the potential for a global recession. Asian Indices: Australia’s ASX 200 index fell by -82.4 points (-1.14%) and currently trades Read more…
Market movers today Today is victory day in Russia. We expect President Putin will escalate his rhetoric against the West. The market reaction is uncertain and will depend on the possibility of a Russian attack Read more…
Last week closed on a negative note, as US NFP data came in stronger-than-expected, revived Federal Reserve (Fed) hawks, and sent the major US indices lower. And the new week starts on a negative note, Read more…