Dollar is in quiet mode ahead of Fed’s decision
The dollar index remains at the back foot, but holding in a quiet mode on Wednesday, awaiting Fed’s decision for fresh direction signal.
Technical picture is firmly bearish on daily chart and favor further weakness, though oversold…
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USDJPY probes through key barrier; Fed decision likely to define near-term direction
The USDJPY keeps positive tone on Wednesday after bounce by nearly 0.9% on Tuesday revived bulls and generated initial signal of formation of reversal pattern on daily chart, with the notion being supported by strong downside rejection at…
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Pound receives fresh support from hawkish shift in rate expectations as inflation rises
Cable jumped to a seven-week high in European trading on Wednesday, after UK inflation report showed unexpected rise in consumer prices, causing a hawkish shift in rate expectations, one day ahead of BOE policy meeting.
Markets now…
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UK inflation jumps to 10.4% in February
Inflation in Britain unexpectedly rose to 10.4% in February, jumping from 10.1% in January and well above 9.9% forecast, with inflation above 10% described by policymakers as dangerously high.
The biggest contributor to unexpected jump…
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German investor morale falls sharply in March – ZEW
German economic sentiment weakened significantly after financial markets came under strong pressure on spillover from the collapse of few regional banks in the United States and the demise of the Credit Suisse, the second largest Swiss…
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Daily cloud twist continues to attract bulls
The Euro is holding firm tone on Tuesday morning and extending advance into fourth straight day.
Near-term action continues to advance along with rising daily Ichimoku cloud base, as the cloud twists next week (1.0758) and attracts bulls.…
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Bulls take a breather, awaiting Fed/BOE and UK CPI data
Cable is a tad lower in early Europe on Tuesday, as bulls are taking a breather after strong rally in past three days, which hit the highest since Feb 2.
Overall picture remains bullish, with easing of fears about crisis in banking sector,…
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Dollar extends weakness to five-week low and cracks key supports
The US dollar remains firmly in red on Monday, extending a steep fall into third consecutive day and holding around the lowest in five weeks.
The greenback was hit by the latest risk aversion on growing concerns about the crisis in banking…
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Crude price falls to 15-month low on demand fears amid banking crisis and US interest rates
WTI oil fell to new lowest level ($64.08) since Nov 2021 on Monday, as sentiment continues to weaken on growing fears that crisis in banking sector could deepen, with potential increase of US interest rates, to lead into recession, which…
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Gold likely to probe again above $2000 barrier
Gold is consolidating under new one-year high ($2009) after bulls cracked psychological $2000 barrier on Monday.
The yellow metal surged 3.6% last Friday after worries that the crisis in global banking sector is deepening, sparked strong…
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