Sterling loses traction after BoE’s dovish hike
Cable fell sharply after the Bank of England raised interest rate by a quarter of percent that was seen as a dovish hike, as the central bank softened tone on future hikes on weakening growth outlook.
The central bank’s Monetary policy…
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The Fed raises interest rates for the first time in three years and signal aggressive action to…
The US Federal Reserve, as widely expected, raised interest rates by 0.25% in their policy meeting in March, and announced an aggressive plan to keep increasing borrowing cost through this and next year.
The US policymakers aim to boost…
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Bulls slow on approach to key barrier, awaiting Fed’s decision
The USDJPY holds firm tone on approach to target at 118.66 (Dec 2016) although bulls slowed after strong rally last Fri/Mon, but Tuesday’s long-tailed daily candle suggests that strong bullish stance remains intact.
The dollar was lifted…
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Euro remains constructive and re-tests 1.10 barrier ahead of Fed policy decision
The Euro remains bid in European trading on Wednesday and cracks 1.10 barrier, where the action faced strong headwinds past two days.
Hopes for a breakthrough in peace talks between Russia and Ukraine keep slight risk mode in play,…
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Record fall in German investor morale warns that the country might be heading into recession
The data from German ZEW economic research institute showed that economic sentiment index dropped to -39.3 points in March from 54.3 points in February and against forecast for 10 points rise, in the biggest fall since the survey started in…
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Oil price falls below $100 on Ukraine talks, concerns over China demand
WTI oil price fell below $100 per barrel on Tuesday morning, for the first time since March 1, deflated by hopes that ceasefire talks would ease risks of further supply disruptions, while surging Covid cases in China adds to concerns about…
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Gold extends pullback on a dash of optimism over Ukraine and expected Fed rate hike
Spot gold continues to trend lower and extend pullback from last week’s high at $2070 to the lowest in nearly two weeks in early European session on Tuesday.
Fresh optimism about ceasefire talks in Ukraine, although the latest round of…
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Bears may take a breather before push through psychological 1.30 support
Cable is consolidating above new 2022 low (1.3009) the lowest since Nov 2020, as bears face headwinds from psychological 1.30 support and oversold daily studies.
Bounce is likely to correct the latest fall, with RSI on daily chart emerging…
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Bulls further tighten grip after last week’s 2% advance, ahead of Fed
The USDJPY extends its steep ascend on Monday, following nearly 1% rise on Friday, the biggest daily advance since November 2020.
Fresh acceleration (0.5% up until early US session on Monday) cracked 118.00 barrier, opening way for test of…
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The dollar remains firm on geopolitical tensions and wide expectations for Fed rate hike
The dollar index edged lower in European session on Monday, after hitting a session high (99.28) in Asian and still holding positive sentiment, despite reviving risk sentiment on fresh optimism over Russia – Ukraine ceasefire talks.
The…
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