Safe haven Swiss franc hits the highest levels in a decade vs US dollar as trade war escalates
USDCHF fell to the lowest in ten years on Friday as safe-have Swiss franc shined on strong migration into safety, sparked by escalation of US-China trade war.
Friday’s drop of 1.7% until early US trading comes in extension of nearly 4%…
Read More...
Read More...
Gold rises above $3200 on trade war escalation
Gold surged above $3200 and hit multiple record highs on Friday, fueled by fresh rise in safe haven demand on growing worries over escalation of trade war and weaker dollar.
The latest decision of President Trump to put all tariffs on…
Read More...
Read More...
US inflation falls below expectations in March, but risks to remain shifted to the upside
Inflation in the US fell by 0.1% month on month in March compared to 0.2% increase in February, while annualized CPI fell to 2.4% after rising 2.8% previous month and below 2.5% consensus.
Lower energy costs were among the main…
Read More...
Read More...
S&P rose sharply on tariff policy U-turn but more work at the upside is still needed to…
S&P500 edged lower on Thursday after rallying 10.2% previous day (the biggest daily gains in over a decade).
Unexpected decision of President Trump to put heavy tariffs on a number of countries on hold for 90 days, revived optimism…
Read More...
Read More...
EURGBP extends steep ascend into fifth straight day
EURGBP holds in steep ascend for the fifth consecutive day, strongly supported by rising risk aversion on the latest escalation of trade war, as Euro turned to safe haven asset (along with yen and Swiss franc) on weakening dollar.
Fresh…
Read More...
Read More...
USDJPY reruns to full bearish mode on fresh risk aversion
Bears returned to play and fully reversed the recent bounce from new multi-month low (144.55), with strong bearish signals being developed on daily chart (double recovery rejection / bull-trap above converged daily Tenkan/Kijun-sen).…
Read More...
Read More...
Oil falls to four-year low as escalating trade war further sours the sentiment
WTI oil spiked to new low on Wednesday ($56.70, the lowest since January 2021), as deteriorating global economic outlook continues to deflate oil prices.
The latest package of US import tariffs on China goods (104%) further fueled global…
Read More...
Read More...
Gold rises above $3000 but the downside still at risk
Gold price bounced on Tuesday and returned above key $3000 level, partially offsetting initial negative signal on violation of this support on Monday and threats of deeper pullback on clear break lower.
Profit taking after a steep fall…
Read More...
Read More...
Bitcoin struggles to regain traction after being hit by risk aversion and fell to the lowest in five…
Bitcoin bounced from new five-month low on Monday after broader risk aversion on fears from tariff impact, also deflated cryptos.
Fresh strength cracked psychological 80K resistance, but firm break higher is required to offset negative…
Read More...
Read More...
Nasdaq – bears are taking a breather after almost 10% loss last week
Nasdaq is consolidating above new multi-month low (16463, the lowest since January 2024) after suffering heavy losses in past three sessions and weekly loss of almost 10%.
Partial profit taking on deeply oversold daily studies would…
Read More...
Read More...