WTI oil is on track for strong weekly drop on improved sentiment, but traders remain cautious
WTI oil price edged higher on Friday but remains below $110 per barrel for now, after falling sharply in past two days on optimism of de-escalation of the conflict in Ukraine and easing concerns about stronger disruption of global oil…
Read More...
Read More...
The pair could extend to 2017 high in dollar-positive environment
The USDJPY accelerated strongly higher on Friday (up around 0.7% in Asia / Europe), extending steep rally into fifth straight day.
Strong US inflation data (Feb CPI soared to the highest since 1982) fuel expectations for Fed rate hike in…
Read More...
Read More...
Recovery stall and formation of bull trap weigh on euro
The Euro extends weakness in early Friday after strong recovery from multi-month low (1.0806) lost traction and quick pullback resulted in bearish close on Thursday (big red daily candle with long upper shadow).
The sentiment weakened by…
Read More...
Read More...
UK economy grew more than expected in January
The United Kingdom gross domestic product grew by 0.8% m/m in January after declining 0.2% in December and strongly beat forecast for 0.2% growth, while annualized figure showed 10% expansion, in a strong acceleration from December’s…
Read More...
Read More...
US inflation soars to the highest in 40 years in February
The US inflation spiked to new highest in 40 years in February and showing signs of further rise as the prices of energies and other commodities skyrocketed on growing uncertainty over the war between Russia and Ukraine, additionally…
Read More...
Read More...
The ECB will try to balance between war risk and raging inflation in its policy meeting today
All eyes are on the European Central Bank’s policy meeting today, as investors look for more information about the central bank’s plans on how to act in new reality, which the ECB hasn’t experienced yet.
From one side, the shockwaves…
Read More...
Read More...
Recovery loses traction, keeping in play risk of bearish continuation
Cable eases on Thursday following repeated rejection on approach to 1.3200 barrier, signaling that fresh bulls might be running out of steam.
Initial signal of reversal on formation of Doji reversal pattern failed to get a confirmation on…
Read More...
Read More...
Euro steadies above 1.10, awaiting the ECB’s decision
The Euro steadies above 1.10 level in European session on Thursday, following 1.6% rally previous day (the biggest one-day rally since Jan 9, 2019).
The single currency was lifted by improved sentiment on hopes of de-escalation of the…
Read More...
Read More...
Oil price falls around 6% as supply fears ease
WTI oil fell around 6% on Wednesday, as tensions over the war in Ukraine eased, bringing a dash of optimism that sparked fresh risk appetite.
In addition, fears of significant global supply shortage after the US banned Russian oil imports…
Read More...
Read More...
Gold price eases on fresh risk mode
Spot gold was down around 2.5% on Wednesday, as fresh wave of optimism on de-escalating conflict in Ukraine hit the markets and sparked demand for riskier assets, pushing the safe-haven metal in defensive.
Pullback from Tuesday’s peak at…
Read More...
Read More...