Oil rises further on supply disruption fears
WTI oil price rose for the fourth straight day on Friday, supported by growing fears over Russian supply disruption that offset concerns about the impact from China’s lockdowns.
Fresh extension higher generated bullish signals on break of…
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Bears take a breather but downside pressure remains strong
The Euro turned positive for the first time after six straight days in red, as traders collected profits, but recovery attempts were so far limited and facing strong headwinds.
Oversold daily studies suggest the pair may enter correction,…
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Eurozone inflation rises to new record high in April
Eurozone inflation rose to a new record high at 7.5% in April from 7.4% in March, in line with expectations.
Surging energy and food prices were the main contributors to further rise in consumer prices, with high readings causing a…
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Aussie bounces on RBA rate hike expectations but overall picture remains negative
The AUDUSD edges higher on Friday as traders collected profits on oversold conditions after steep six-day fall, with the sentiment being improved by growing expectations for RBA’s 0.15% rate hike.
Although reversal pattern is forming on a…
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Bears crack pivotal supports at $1900 zone as dollar rises further
Spot gold fell to 10-week low on Thursday registering a firm break of psychological $1900 level and a marginal close below important technical support at $1890 (Fibo 61.8% of $1780/$2070 / lows of Mar 29 and Apr 25) on Wednesday that added…
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USDJPY surges through 130 barrier after dovish BOJ; US GDP data eyed for fresh signals
The USDJPY accelerated sharply higher on Thursday and broke above psychological 130 barrier, to hit 20-year high and test pivotal Fibo barrier at 130.65 (76.4% retracement of 1998/2011 147.68/75.55 downtrend.
The Japanese yen is in strong…
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Euro falls to the lowest in five years following break of 2020 low
The Euro surged through key support at 1.0635 (2020 low) on Wednesday, extending steep fall into fifth straight day and hitting levels last traded in March 2017, after triggering stops parked below.
The single currency is pressured by risk…
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Bears slow after soaring Australian inflation signal that RBA will start tightening its policy
Bears are taking a breather on Wednesday after a steep fall in past four days, when risk-sensitive Aussie dollar was down 4.3%, pressured by s robust greenback and strong risk aversion.
Today’s release of Australian inflation data showed…
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Australian inflation rises to the highest in two decades, prompting RBA to start raising rates
Inflation in Australia surged well above expectations in the first quarter, hitting 5.1% from the Q4 2021 3.5% and overshooting consensus for 4.6% increase.
A closely watched core inflation which excludes the most volatile components and…
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German consumer morale falls to a record low and warn of further economic slowdown
The data from German Gfk institute showed that consumer morale is projected to fall to a record low in May, as negative impact from the war in Ukraine caused surge in cost of living and threatening of fresh economic slowdown, as the economy…
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