WTI OIL – $100 comes in focus again after multiple downside rejection as fears of stronger…
WTI oil price dipped on Wednesday after news that Iraq resumed oil exports via pipeline to Turkey’s East Mediterranean port, temporarily changed the sentiment (oil was up around 2% on Tuesday.
Optimism over the latest measures (Iraq…
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Gold continues to pressure strong $5000 support
Gold price remains at the back foot on Tuesday and continues to pressure key $5000 support zone (recent range floor / psychological / top of thin ascending daily cloud) after Monday’s attack failed to register sustained break lower.…
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RBA raises rates and remains on track for further tightening on growing inflation threats
The Reserve Bank of Australia raised interest rates for a second straight month, with decision being driven by growing risk of inflation amid escalating war in the Middle East and anticipated oil shock.
The central bank raised its main…
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EURUSD – bears take a breather after cracking important 1.1500 support zone
The Euro bounced from new multi-month low (1.1410) on Monday as traders collect profits from strong fall in past two weeks (the pair was down 3%).
Slight optimism over the Middle East crisis contributed to technical signals on oversold…
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How Smart Traders Use Copy Trading to Replicate Top Strategies
Copy trading has become one of the most popular innovations in modern online trading. At its core, copy trading allows investors to automatically replicate the trades of experienced traders in real time. Instead of manually analyzing…
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Dollar Index – bulls remain fuelled by strong safe-haven demand and crack key $100 resistance…
The dollar keeps firm tone and remains on track to complete the second week of steep rally, acting as a major safe-haven asset in the situation of risk aversion.
Higher oil prices on escalating war in the Middle East threat of fresh rise…
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WTI Oil – near-term price action holds in extended sideways mode, awaiting fresh signals
WTI oil remains in a sideways mode and ranging between $80 and $90 for the second consecutive day, suggesting that the price action has temporarily stabilized after surge to near $120 per barrel on opening on Monday and subsequent drop of…
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USDJPY – bulls hold grip and eye key barriers at 160 zone
USDJPY keeps firm tone and heads towards Monday’s peak (158.89) after broader uptrend (from 152.26, Feb 12 low) was briefly interrupted by shallow pullback (158.89/157.27 on Mon-Tue) when rally was capped by upper 20-d Bollinger band and…
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Oil eases further on encouraging signals
WTI oil extends pullback from Monday’s 3 ½ year high ($119.44) on Tuesday, following unexpected and sharp change in the sentiment after President Trump said that war in the Middle East could end soon.
He also signaled that the US may…
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EURUSD – bears to take a breather above key 1.1500 support zone
The Euro fell to the lowest in three and a half months (1.1507) on Monday after starting the week with gap-lower opening.
Fresh risk aversion on escalation in the Middle East further deflated the single currency, to confirm break of…
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