WTI crude bounces higher as upbeat Chinese PMI brightens the demand outlook. On the daily chart, the price is still in a range trading mode between 72.50 and 82.20. A break above 77.50 has sent sellers packing and set the stage for another leg of rebound with 79.00 as the next target. Solid momentum may […]
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In an interview with the Financial Times, ECB President Christine Lagarde expressed optimism about nearing the inflation target. She remarked that ECB is “very close” to declaring that inflation has been “sustainably” brought back to Read more…
Key Highlights EUR/USD started a recovery wave from the 1.0350 zone. A key bearish trend line is forming with resistance near 1.0450 on the 4-hour chart. GBP/USD is facing hurdles near the 1.2650 and 1.2720 Read more…
EURCHF falling inside minor impulse wave 5 Likely to fall to support level 0.9250 EURCHF currency pair continues to fall inside the minor impulse wave 5, which started earlier from the pivotal resistance level 0.9430 Read more…