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…
The New Zealand dollar inched higher supported by roaring commodity prices. A break above the daily resistance at 0.6890 has put the kiwi back on track in the medium term. A bullish MA cross on Read more…
Market movers today The war in Ukraine continues to be the main focus with ebbs and flows in the prospect of a peace deal driving markets. EU leaders will meet for their summit in Versailles Read more…
Gains in equities reversed on Thursday, but industrial metals traded south, and crude oil cheapened despite a tense geopolitical environment, as the worries that such a spike in energy and commodity prices would certainly curb Read more…
Daily Pivots: (S1) 151.55; (P) 152.27; (R1) 152.67; More… Intraday bias in GBP/JPY stays neutral as consolidation from 150.95 is still extending. Further decline is still expected as long as 155.20 resistance holds. On the Read more…