Rising oil prices from geopolitical tensions are raising inflation expectations and strengthening the case for tighter Fed policy, which in turn weakens support for gold as a safe-haven asset. Higher energy prices directly increase inflation expectations, prompting markets to price in a longer period of high interest rates. This increases the opportunity cost of holding […]
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EUR/USD is still bounded in established range above 1.1111 and intraday bias stays neutral. Further fall is in favor with 1.1276 resistance intact. Below 1.1111 will extend larger fall from 1.2081 to 1.0904 fibonacci level. Read more…
USD/JPY falls notably today but stays above 156.36 support. Intraday bias remains neutral and further rise is still mildly in favor. Above 159.02 will target 160.38 resistance. However, firm break of 156.36 will argue that Read more…
Intraday bias in GBP/USD remains on the upside at this point. Rise from 1.3135 should target 61.8% retracement of 1.3675 to 1.3135 at 1.3469 next. On the downside, below 1.3363 minor support will turn intraday Read more…