Crude oil and natural gas prices surged during the overnight session after the United States and the UK announced new sanctions on Russia. In a statement, Joe Biden said that the US will stop importing Read more…
In this technical blog, we will look at the past performance of 4 hour Elliott Wave Charts of AUDUSD. In which, the decline from 25 February 2021 high is unfolding as a 7 swing corrective Read more…
The FTSE 100 struggles as the UK plans to ban Russian energy imports. On the daily chart, a break below the demand zone (6850) wiped out 11-months worth of gains and signaled a strong bearish Read more…
The Australian dollar stalls as commodity prices consolidate. The rally above 0.7310, a major supply area, has weakened selling pressure and put the pair on a bullish reversal course. The Aussie’s parabolic ascent and an Read more…
The Japanese yen softened after weaker-than-expected GDP in Q4. Despite choppiness in recent price action, confidence in the greenback remains high. A failed attempt at the supply zone (115.80) suggests a lack of momentum, but Read more…
Bitcoin has jumped by 8.7% over the 24 hours, to $41,450. Ethereum has added 7.9% over the same time, while other leading altcoins from the top ten show growth from 3.3% (XRP) to 21% (Terra). Read more…
EUR/USD The market is in a pullback phase after the euro managed to push off a 22-month low at 1.0805. News of the issuance of new defense and energy bonds supported the bulls, but they Read more…
Markets Yesterday’s news of the day undoubtably came from Bloomberg. The news agency ran a story about the European Union discussing plans to jointly issue bonds to finance defense spending and take up a notch Read more…
For the first time since the Russian invasion of Ukraine, supportive headlines helped the EURUSD finish towards the top of the FX leaders board overnight, behind only the Skandies, the NOK, SEK, and DKK. An Read more…
Joint decision from the US and the UK to ban the Russian oil sent another shockwave to commodity prices yesterday. The European natural gas prices spiked to the all-time-highs and crude oil rallied to $130 Read more…