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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Japanese yen rises to a multi-week high vs dollar on growing safe-haven demand
The USDJPY stays firmly in red and extends losses in early Monday, after falling 1.3% on Friday.
Rising risk aversion after UBS’ takeover of troubled Credit Suisse bank failed to calm tensions in the market, offered fresh support to…
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EURUSD recovery loses traction on growing fears about crisis in banking sector
The Euro dips in early European trading on Monday, generating initial signal that recovery from last week’s spike low (1.0516) might be over.
Growing concerns about the contagion in the banking sector and fears that authorities won’t be…
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EURUSD – repeated close below daily cloud to weaken near-term structure
The Euro remains constructive on Friday and extend recovery of Wednesday’s sharp fall (the pair was down 1.4% for the day) into second straight day, although fresh bulls show signs of fatigue.
Conflicting fundamentals, which were…
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ECB raises rates by 50 basis points as expected, despite growing turmoil in banking sector
The European central bank raised its interest rates by 50 basis points, in line with expectations, despite markets betting for more cautious reaction, in light of developing crisis in banking sector, which resulted in sharp selloff in bank…
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WTI Oil holding firmly below $70 on growing fears of deeper crisis in financial world
WTI oil price remains in red on Thursday but so far holding above 15-moth low ($65.69), posted after Wednesday’s sharp acceleration lower.
Existing negative sentiment was additionally soured by news that Credit Suisse Bank asked for a…
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Dollar awaits Fed policy meeting as new scenarios are now on the table
The dollar index showed a mild reaction to the US inflation report, moving within a narrow range after data release, as many things remain unclear, in a fragile conditions, one week ahead of Fed’s policy meeting.
Initial expectations…
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US inflation remained elevated in February
US consumer prices increased by 0.4% in February after 0.5% rise in January, in line with expectations, while annualized inflation was up 6.0% last month, registering the smallest gain since September 2021, after 6.4% increase in January.…
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USDJPY – bears are pausing ahead of US inflation report
The USDJPY edges higher in early trading on Tuesday, after steep fall in past three days pushed the price to the lowest in one month.
Partial profit-taking lifts dollar as traders await today’s key event – release of US inflation report…
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WTI Oil – wild swings in highly volatile market
The WTI crude oil price fell sharply and recovered quickly, in a wild swings in highly volatile trading on Monday.
The sentiment was strongly hurt by the collapse of Silicon Valley Bank, as fears that crisis in the banking sector may…
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