Eurozone Sentix Investor Confidence dropped sharply from 16.6 to -7.0 in March, well below expectation of 5.1. That;s also the lowest level since November 2020. Current Situation index dropped from 19.3 to 7.8, lowest since Read more…
With a sharp decline over the weekend, Bitcoin wiped out the initial weekly gains, giving bears the upper hand for the third straight week. There were drawdowns to $34K on the low-liquid market on Saturday Read more…
WTI oil opened with wide gap higher on Monday and soared to $130 per barrel, the highest since July 2008. Threats of further escalation of war in Ukraine continued to inflate energy prices in past Read more…
The US dollar index continued its bullish trend on Monday morning as investors priced in a more hawkish Fed after the strong jobs numbers that were published on Friday. The data revealed that the American Read more…
All eyes were on crude oil prices early this morning following the news over the weekend that the US administration is discussing a potential ban on Russian oil imports with its European allies. Prices soared Read more…
The Euro fell further in early Monday after falling 1.3% on Friday and registering weekly close below psychological 1.10 level. The sentiment remains negative, as growing uncertainty over Ukraine crisis and fears of massive impact Read more…
Oil markets were under great pressure amid increased demand and falling supply. OPEC+ is unable or unwilling to achieve its self-imposed production targets and insists on limiting production increases by 400,000 barrels per day despite Read more…
The Dax 40 plunges for fears of stagflation in the eurozone. The index has ventured further into the bearish territory after it broke below March 2021’s lows around 14000. The liquidation is yet to end Read more…
Gold rallies as investors’ flight to safety continue. The bulls have tempered their aggressiveness after the initial surge. The latest pullback has been an opportunity to accumulate against a bullish backdrop. Price action continues to Read more…
The US dollar softens as the Fed may settle for a less aggressive rate hike agenda. The recent sideways action is a sign of the market’s indecision. Sellers’ previous attempts to push below 0.9150 have Read more…