GBPAUD has found bid due to the divergence in the monetary policy between RBA and BOE. Bank of England (BOE) this year has hiked interest rate twice to fight against inflation. However, BOE indicates that Read more…
ECB Governing Council member Pablo Hernandez de Cos said “risks to inflation are tilted to the upside in the short term.” Recent data on Recent data on inflation has shown surprising upwards trends both in headline inflation Read more…
GBPUSD saw its bullish efforts evaporate near its 20-day simple moving average (SMA) on Monday, with the pair finishing the day muted and beneath last week’s peak of 1.3627 once again. The above suggests the Read more…
WTI oil futures have stabilized, tiptoeing across the 89.70-90.72 support barrier after a pullback from the near 7½-year high of 93.15. The soaring simple moving averages (SMAs) are safeguarding the broader positive structure despite the Read more…
It’s happening again – despite another ratchet higher in U.S. real yields gold is creeping higher. Post last week’s more robust than expected U.S. jobs data and hawkish BoE and ECB meetings, the U.S. 10-year Read more…
EURJPY has been in a battle with the 131.60 support level over the last couple of sessions, holding below the long-term descending trend line. It is worth to mention that the price remains well above Read more…
EUR/USD The first trading day of the week passed calmly and the pair entered a corrective phase after reaching the resistance at 1.1480. The onset of the bears around this level seems hesitant and is Read more…
The FTSE 100 rallies supported by solid performance in the commodity sector. The recent rebound hit resistance near the January peak at 7640. Narrowing consolidation and higher highs suggest increased buying pressure. A bullish breakout Read more…
The New Zealand dollar edges lower amid cautious market sentiment at the start of the week. The pair previously bounced off September 2020’s low around 0.6530. However, 0.6700 on the 20-day moving average so far Read more…
Gold continues to recover as the US dollar treads water. The previous fall below the daily support at 1785 had put the bulls on the defensive. The RSI’s oversold signal attracted some buying interest and Read more…