Dow rises on improved risk mode
The Dow Jones Index continues to benefit from fresh risk appetite as traders feel more comfortable on easing fears after collapse of two US banks.
The price rose to three-week high in European trading on Thursday, in extension of 0.85%…
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GBPJPY rises further after Wednesday’s 1.3% advance
The GBPJPY cross is holding firm bullish tone after Wednesday’s 1.3% rally (the biggest daily gain since Feb 13) as renewed risk appetite on easing bank concerns deflated yen.
Wednesday’s strong bullish acceleration broke through a…
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Euro remains at the front foot ahead of German CPI report
The Euro slows speed of recovery ahead of today’s release of German inflation report for March, which is expected to generate fresh signals.
Wednesday’s Doji candle signaled indecision after recovery in past two days retraced over 61.8%…
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Gold is likely to hold in extended consolidation before fresh attempt through $2000 barrier
Gold price edges lower on Wednesday, keeping near-term picture negatively aligned, as larger bulls lacked strength to clearly break above psychological $2000 barrier, after three unsuccessful attempts.
Obviously, $2000 level marks…
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Euro extends advance as tensions in banking sector continue to ease
The Euro extends steep recovery into third straight day, lifted by renewed risk appetite on easing fears of deeper crisis in banking sector.
Strong bullish acceleration has so far retraced over 61.8% of last week’s sharp two-day pullback…
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Dollar starts to gain traction but remains overall bearish
The dollar index regained some ground on Wednesday following strong drop in past two days, sparked by on calmer tones over recent turbulence in banking sector and growing hopes that deeper crisis can be averted.
Investors remain…
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Aussie dips on weaker than expected Australian inflation
Australian dollar fell against its US counterpart in early Wednesday, after data showed that inflation in Australia slowed significantly in February.
Inflation slowed to eight month low, adding to the case for possible pause in interest…
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Bulls are taking a breather after strong rally
WTI oil price is consolidating on Tuesday, following Monday’s strong rally of nearly 5% and keeping traction for possible further advance.
Crude prices received strong support from supply disruption in Iraqi Kurdistan, as Iraq was forced…
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High inflation and growing expectations for further rate hikes keep pound supported
Cable edged lower in European trading on Tuesday, after attempts at pivotal barrier at 1.2343 (Mar 23 high) stalled just under the target but keeps overall firm bullish stance.
The latest inflation data and comments from BOE Governor…
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Euro remains elevated by renewed risk appetite
Improved risk sentiment keeps the euro supported for the second straight day, adding to signals that 1.0930/1.0713 correction might be over, as fresh advance broke above 50% retracement of the pullback.
Daily studies maintain strong…
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