USDJPY cracks 160 barrier, traders cautious of potential intervention
USDJPY hit important 160 resistance but stays below this level for the second consecutive day, as traders remain very cautious after the previous intervention commenced at this zone and Japan’s officials repeated today their readiness to…
Read More...
Read More...
OECD warns Middle East conflict could trigger global recession and higher inflation
A report released on Wednesday by the Organization for Economic Cooperation and Development (OECD) warned that the global economic outlook largely depends on the duration of the conflict in the Middle East. The organization cautioned that a…
Read More...
Read More...
BTCUSD extends steep fall below psychological 70K support
BTCUSD extends steep fall into second straight day, as bears accelerated after emerging below thick daily cloud on Monday (cloud base contained four consecutive attacks before break) to hit the lowest levels in nearly two months.
Fresh…
Read More...
Read More...
Eurozone manufacturing sector continues to suffer from the war, while UK and US show more resilience…
Eurozone manufacturing sector continued to suffer from Iran/US war economic shock, which hurt demand for goods, while costs of raw materials rose at the fastest rate in four years, adding to growing inflation concerns.
Also, the reports…
Read More...
Read More...
Brent price rises on fresh escalation in the Middle East
Brent oil price rose around 2% in early Monday trading (on track for the first daily gain after being eight days in red), following fresh escalation in the Middle East (escalation in Lebanon and fresh US attack on Iran and their subsequent…
Read More...
Read More...
Gold -recovery picks up after strong downside rejection
Gold price rises for the second consecutive day, as the latest reports of an extension of ceasefire in the Middle East (although with pending approval from President Trump), brightened near-term outlook.
Thursday’s strong downside…
Read More...
Read More...
Bitcoin accelerates lower and cracks important supports
BTCUSD fell to the lowest in six weeks on Thursday, with daily loss of over 3% seen on acceleration of the bear-leg that extends into third consecutive day.
Fresh rise in oil prices on renewed tensions in the Middle East, was mainly…
Read More...
Read More...
Brent oil hits one month low on the latest optimistic signals about potential peace deal
Brent oil fell over 5% on Wednesday on fresh optimism about potential end of US-Iran war and re-opening of Hormuz strait.
The price fell to the lowest in over one month, adding to growing bearish signals after the action was capped by…
Read More...
Read More...
Gold remains at the back foot on fragile geopolitical situation
Gold holds in red for the second consecutive day on Wednesday and pressure the floor of seven-day range ($4453), also moving into lower part of short-term bear-channel (off $4889, mid-Apr peak).
Fading hopes of a peace deal in the Middle…
Read More...
Read More...
EURUSD regains traction but faces a number of strong technical barriers
The Euro edged higher on Wednesday morning but still holds within a narrow range that extends into third straight day and below strong technical resistances.
Lack of clearer signals (geopolitical / macroeconomic) keeps near term action…
Read More...
Read More...