The Euro extends weakness in early Friday after strong recovery from multi-month low (1.0806) lost traction and quick pullback resulted in bearish close on Thursday (big red daily candle with long upper shadow). The sentiment Read more…
The Turkish lira has fallen back-to-back on each working day in March, having weakened against the US Dollar by 8.2% over this time and coming close to 15.0, where it was last seen in mid-December. Read more…
The new monthly package of UK statistics highlighted the fine shape of the economy in January. For the month, GDP rose by 0.8%, against an expected strengthening of 0.2% and the three-month growth rate accelerated Read more…
GBPJPY softly switched back into gains after two consecutive negative weeks following the bounce off a five-week low of 150.96 on Tuesday. The price is currently trying to extend its recovery above the 152.80 level, Read more…
ECB Governing Council member Francois Villeroy de Galhau reiterated to BFM business radio, “we have said that if the rise in interest rates were to start, it would be very gradual. We have decided to Read more…
EUR/USD Although the single European currency managed to regain some of its lost positions against the U.S. dollar, the bulls were limited around the resistance level at 1.1107. The bears managed to gain momentum, and Read more…
Overnight, inflation in the U.S. accelerated to 7.9% in February, the highest rate since January 1982 Most of the current generation of traders and investors have never seen an inflation print in the U.S. much Read more…
Markets The ECB delivered a hawkish surprise. The APP will wind down more rapidly with purchases of €40bn in April, €30bn in May and €20bn in June. Previously, those same amounts would have been bought Read more…
The Dow Jones 30 turned south after talks between Russia and Ukraine stalled again. A rebound above 34000 has provided some relief. Nonetheless, enthusiasm could be short-lived after the index gave up all recent gains. Read more…
Silver consolidates amid ongoing geopolitical instability. A bearish RSI divergence suggests a deceleration in the rally. A tentative break below 25.40 has prompted some buyers to take profit. While sentiment remains optimistic, a correction might Read more…