Wall Street extends climb out of January pit, but futures ease as CPI data awaited Dollar edges sideways as traders seek direction from US price growth Gold hits two-week high amid uncertainty about inflation and Read more…
The Euro edges higher in European trading on Thursday, signaling an end of a shallow pullback from new three-month high (1.1483). Comments from German Ifo Institute that industrial order backlog is the highest in more Read more…
EURJPY has overcome the three-month high of 132.15, recorded after the price soared in response to ECB President Lagarde’s surprise hawkish tone at the last week’s meeting as the governing council reiterated concern about high Read more…
If US January CPI disfavours the US dollar, EUR/USD could experience a structural shift higher EUR/USD holds its ground EUR/USD is still holding its ground despite increased geopolitical tensions related to the Ukraine and an Read more…
On Wednesday, the cryptocurrency market decided to push and grow amid the rise of US stock indices. The S&P 500 gained 1.5%, while the high-tech Nasdaq gained 2.1%. All this helped Bitcoin shrug off the Read more…
WTI crude oil futures are struggling to gain positive momentum after their pullback off the seven-year high of 93.15. The downside reversal in the RSI and the slowdown in the MACD justify the diminishing buying pressure, Read more…
AUDUSD is in the second consecutive week of gains around 0.7180, having marginally surpassed its shorter-term simple moving averages (SMA), which had been controlling bullish forces more vitally since mid-January onwards. Notably, the pair has Read more…
WTI crude bounces higher after the EIA reported a sharp drop in US inventories. Price action is looking to consolidate its gains above the psychological level of 90.00. Sentiment remains upbeat though the bulls need Read more…
The euro consolidates gains amid mixed messages from the ECB. The pair found support at February 2020’s low at 0.8290, and a bullish MA cross on the daily chart suggests a potential turnaround. A break Read more…
The Australian dollar climbs as traders wager on a hawkish shift from the Reserve Bank of Australia. On the daily chart, a break above the 30-day moving average suggests improved sentiment in the short term. Read more…