Dollar regains traction and eyes 2022 high
The dollar tightens grip and extends advance against yen into the second day, heading towards the top of three-week congestion at 115.80.
Improving technical studies on daily chart (north-heading 14-d momentum is emerging into positive…
Read More...
Read More...
Bears take a breather as news provide a mild relief
The Euro edged higher in early European trading on Tuesday, after hitting a 22-month low (1.0806) on Monday.
Upbeat German January industrial production data and a dash of optimism, as clashes in Ukraine eased and talks between two sides…
Read More...
Read More...
AUDUSD trades near new 4-month high, underpinned by rise in commodity prices
The Australian dollar rose to four-month high (0.7441) on Monday, underpinned by rise in commodities, especially in iron ore, the biggest export earner for Australia.
Fresh advance probed above pivotal level at 0.7416 (Fibo 76.4% of…
Read More...
Read More...
Dollar continues to advance on risk aversion and rising hopes for Fed rate hikes
The dollar maintains firm tone against of basket of its major counterparts and extended gains to the highest since May 2020 on Monday.
High uncertainty over the war in Ukraine and pessimistic tone on soaring energy prices and expectations…
Read More...
Read More...
Cable hits a 15-month low on probe through key supports
Cable remains firmly in red on Monday and extends steep fall into third straight day, dragged by fresh risk aversion that pushed global stocks lower.
After last week’s strong upside rejection and weekly close below pivotal 1.33 support…
Read More...
Read More...
DAX falls to multi-month low as risk aversion accelerates on speculations of banning Russian energy…
Dax index opened with gap-lower on Monday and broke below 13000 marks to hit 12423, the lowest since November 2020, driven by fresh wave of risk aversion.
Global markets panicked after the US and Western allies announced plans to impose a…
Read More...
Read More...
Gold rises above $2000 as escalating crisis boosts safe-haven demand
Spot gold hit $2000 per ounce this morning, for the first time since August 2020, as uncertainty about global economy in light of the consequences of the Russia-Ukraine war and Western sanctions on Russia, as talks about including Russian…
Read More...
Read More...
Oil hits $130 per barrel on fears that Russian energy products would come under Western sanctions
WTI oil opened with wide gap higher on Monday and soared to $130 per barrel, the highest since July 2008.
Threats of further escalation of war in Ukraine continued to inflate energy prices in past few days, while the latest threat comes…
Read More...
Read More...
Bears tighten grip on break of key supports and eye 2020 low
The Euro fell further in early Monday after falling 1.3% on Friday and registering weekly close below psychological 1.10 level.
The sentiment remains negative, as growing uncertainty over Ukraine crisis and fears of massive impact on…
Read More...
Read More...
Larger bears resume after a five-day pause, accelerated by upbeat US jobs data
Negative sentiment from the morning’s drop in stock markets was further soured by much better than expected US NFP data that pushed the cable to the lowest in 2 ½ months in the US trading on Friday.
Sterling was dragged by weaker Euro on…
Read More...
Read More...