US dollar is pummelled as strong CPI fails to galvanize the bulls More Fed officials flag March rate hike but yields go nowhere Wall Street extends rebound but earnings may hold the key to more Read more…
WTI oil futures have managed to maintain their bullish bearing, which began at the start of December 2021 from 62.25, and are currently facing the November 10 high of 83.28. The longer-term simple moving averages Read more…
The British pound has extended its gains for a third straight day. In the European session, GBP/USD is trading at 1.3736, up 0.23% on the day. There are no tier-1 events out of the UK Read more…
This company is bucking the trend with its high-end retail centers, Real Money’s Paul Price argues. If any conventional wisdom has survived the past few years, it’s this: shopping malls are on their way out. Read more…
The dollar continues to travel south in early Thursday, extending previous day’s 0.63% post-US CPI data drop (the biggest one-day fall since Oct 28). The dollar came under pressure after Fed Powell’s speech, which investors Read more…
In the monthly economic bulletin, ECB said, “the global economy remains on a recovery path, although persisting supply bottlenecks, rising commodity prices and the emergence of the Omicron variant of the coronavirus (COVID-19) continue to Read more…
Philadelphia Fed President Patrick Harker said in an FT interview, “I currently have three increases in for this year, and I’d be very open to starting in March. I’d be open to more if that’s Read more…
USDCHF has been marching higher in the medium-term, creating a profound structure of higher highs and higher lows. However, in the last few sessions the pair has experienced a moderate pullback as the price dived Read more…
EURJPY continues its advance from the December lows, amid persistent positive momentum. Moreover, the pair’s successive higher lows together with the recent golden cross, where the 50-period simple moving average (SMA) has crossed above the Read more…
AUDUSD opened Thursday’s session on a positive note, aiming to repeat Thursday’s rally, which cracked the ceiling around 0.7274. The price has already recovered half of November’s sell-off to trade at a 2-month high, with Read more…