Gold has become a winner amid escalating tensions between western countries and Russia. Investors have rushed to safe havens like gold, pushing its price to the highest level since June last year. Gold has risen Read more…
Germany PMI Manufacturing dropped from 59.8 to 58.5 in February, below expectation of 59.4. PMI Services rose from 52.2 to 56.6 in February, above expectation of 53.2, highest in six months. PMI Composite rose from Read more…
France PMI Manufacturing rose from 55.5 to 57.6 in February, above expectation of 55.5, highest in 7 months. PMI Services rose from 53.1 to 57.9, above expectation of 53.5, highest in 49 months. PMI Composite Read more…
Markets The Ukrainian conflict with Russia continued to set the tone on financial markets. Reports of some 190k troops having amassed near Ukraine’s borders shattered market hopes for a diplomatic way out even as the Read more…
EURUSD has found strong support at the blue Kijun-sen line of the Ichimoku indicator, while it is still standing above the short-term simple moving averages (SMAs). The double top formation is still holding but any breaks above 1.1480 may shift the Read more…
The Japanese yen rallies amid growing risk aversion across the board. The euro continues to shed gains from the surge earlier this month. A fall below 131.90 triggered profit-taking, and the latest rally came out Read more…
The Canadian dollar tanked after disappointing retail sales in December. The US counterpart is still struggling below the supply zone around 1.2800. A close above this daily resistance could propel the pair to last December’s Read more…
The sterling edged higher after January’s retail sales beat expectations. The recent pause has been an opportunity for the bulls to accumulate. A break above 1.3640 would signal solid buying after previous failed attempts. The Read more…
The week starts with some comfort regarding the Ukrainian crisis on news that Biden and Putin agreed to meet. US futures are in the positive after having closed the week on a bearish tone. Gold Read more…
Daily Pivots: (S1) 155.98; (P) 156.64; (R1) 157.05; More… Intraday bias in GBP/JPY remains neutral at this point. On the downside, break of 155.11 resistance should confirm rejection by 158.19 resistance. Intraday bias will be Read more…