Gold tumbles as Powell gets the second term as Fed chair
Spot gold accelerated lower on Monday after announcement that US President Biden appointed Jerome Powell for the second term as Fed chair.
The news further inflated the greenback, already boosted by signals that the US central bank may…
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Rising hopes of early Fed rate hike and risk aversion keep the dollar well supported
The dollar is holding near the new highest in over 16 months on Monday, maintaining positive tone on growing hopes that Fed may accelerate tapering stimulus and open way for earlier than expected rate hike, as inflation continues…
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Turkish lira is taking a breather above new record low after a massive post-CBRT fall last week
The USDTRY is consolidating under new all-time high (11.2961) but holding firm bullish tone as lira’s attempts to regain ground were short-lived.
The greenback remains well supported by risk aversion and rising hopes that the Fed may…
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Repeated close below key Fibo support to confirm strong bearish signal and risk drop towards 1.10…
The Euro remains heavy in early Monday’s trading and attempting to sustain break below pivotal Fibo support at 1.1290 (61.8% of 1.0635/1.2349 ascend), following initial bearish signal on last Friday’s marginal close below this level.
Two…
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Oil drops to five-week low on growing Covid concerns in Europe
WTI oil fell below $75 per barrel on Friday, hitting five-week low, as sentiment soured further on fresh concerns about the health situation in Europe.
Austria is to enter full lockdown next week, with Germany likely to follow, with…
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Sterling loses traction despite strong data, dragged by weaker euro
Sterling fell across the board on Friday, weighed down by weakness of Euro, as new lockdowns in Europe on surging coronavirus cases soured the sentiment.
Austria will start a lockdown on Monday with high possibility that Germany would…
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Stock market traders are waiting for the introduction of the new US Federal Reserve chairman
Regarding the introduction of the new US Federal Reserve chairman by the Biden administration in the next few days, financial and stock market traders are worried about the new chairman's plans for the Federal Reserve's supportive and…
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Reversal signals fade as euro remains heavy on weak data and firm dollar
The Euro slips in early Friday, reducing hopes for stronger recovery, as fresh weakness offsets signal from reversal pattern that formed on daily chart. On Wednesday’s long-tailed Doji and Thursday’s long bullish candle.
Traders remain…
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FOMC is expected to increase the level of tapering and decrease expansionary policies in the…
In recent days in the stock markets, companies' financial reports have been better than expected, which has boosted demand on the stock market. On the other hand, the Federal Reserve is expected to increase the level of tapering at the…
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US and China are likely to use strategic crude oil reserves, and oil prices fall below the key level…
In the oil market and the Brent oil index, despite the decline in US crude oil inventories, published news shows that the US and China have planned to use their strategic oil reserves, leading to lower crude oil prices in the market.…
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