Gold price surges to 13-month high on recession fears and signs that Fed may pause rate hikes
Gold hit the highest levels since March 2022 after strong acceleration higher on Thursday, with metal’s price advancing 1.5% until early US session.
Weaker than expected US economic data on Wed/Thu added to existing concerns that the…
Read More...
Read More...
Euro hits one-year high after disappointing US PPI / jobless claims data further soured…
The Euro rose to one-year high on fresh acceleration through psychological 1.10 barrier and former top at 1.1032 (Feb2), lifted by weaker dollar on below-expectations US CPI and jobless claims / PPI miss.
Weekly close above broken pivot…
Read More...
Read More...
USDCHF extends steep fall
The USDCHF fell to the lowest levels in more than two years on Thursday, as fresh weakness extends into third straight day.
Bears broke below psychological 0.90 support for the first time since June 2021, signaling continuation of larger…
Read More...
Read More...
AUDUSD extends recovery after solid Australian jobs data
Australian dollar extends rally into third straight day, supported by better than expected Australia’s jobs data in March, which adds to bullish sentiment, boosted by Wednesday’s below expectations US CPI data.
Fresh advance cracks Fibo…
Read More...
Read More...
Bulls remain in play after markets digested UK GDP data
Cable remains firm and probing through psychological 1.2500 barrier in early European trading on Thursday, as markets digested UK data.
UK economic growth was flat in February, against expectations for a minimal expansion by 0.1%, but…
Read More...
Read More...
Dollar loses ground after US CPI surprise
The dollar’s bears accelerated after US inflation surprised lower in March, boosting risk appetite and pushing the greenback to one-week low.
Fresh weakness (the dollar was down nearly 0.7% since data release) is pressuring pivotal…
Read More...
Read More...
US consumer prices rise less than expected in March, but underlying inflation remains elevated
US annualized CPI rose by 5.0% in March compared to 6.0% increase in February and below forecast at 5.2%, while monthly inflation barely moved last month, increasing by 0.1% compared to 0.4% rise in February and also missed consensus for…
Read More...
Read More...
Gold returns above $2000, eyes fresh direction signals from US inflation data
Gold price remains at the front foot on Wednesday as markets await US inflation report for March, to get more clues about the Fed’s next steps.
Bounce from $1981, low of a shallow pullback from new 2023 high at $2032, returned above…
Read More...
Read More...
Euro remains constructive ahead of US inflation data
The Euro keeps positive tone early Wednesday and extends recovery after Tuesday’s bounce generated initial signal on formation of bullish engulfing pattern on daily chart.
This generates an initial signal of a higher low at 1.0832 (low…
Read More...
Read More...
Bitcoin rises above 30000 for the first time since June 2022
Bitcoin rose above psychological 30000 barrier on Tuesday, hitting the levels last traded in June 2022.
Fresh bullish acceleration extends into the second straight day, signaling an end of consolidation phase of past three weeks and…
Read More...
Read More...