Reserve Bank of Australia keeps rates unchanged on mounting trade war risks
Reserve bank of Australia left its cash rate unchanged at 4.1%, in its policy meeting today, in line with market expectations.
The central bank decided to keep the rates on hold this time after 0.25% cut in February, the first…
Read More...
Read More...
WTI oil rises and on growing threats about new tariffs and potential military confrontation with…
WTI oil price firmed on Monday and broke through psychological $70 barrier, where bulls were repeatedly capped last week.
The price action moved within narrow consolidation in past few days, signaling that larger bulls remain firmly in…
Read More...
Read More...
Gold hits new all-time high above $3100
Gold surged through round-figure barrier at $3100 and hit new record high on Monday, with growing economic and geopolitical uncertainty continuing to strongly boost safe haven demand.
US import tariffs which are due to start on Apr 2 and…
Read More...
Read More...
EURUSD – reversal signal developing on daily chart
EURUSD regained traction and rose above 1.08 handle in early US trading on Friday, as hotter than expected US inflation and higher consumer spending failed to impress traders, concerned about slower economic growth.
Fresh strength broke…
Read More...
Read More...
US core inflation rises above expectations in February – PCE
The US Personal Consumption Expenditures price index (PCE), Fed’s preferred inflation gauge, increased 0.3% month on month in February, unchanged from January figure and in line with expectations.
Annualized figure was also unchanged at…
Read More...
Read More...
Gold hits new record high, on track for strong weekly, monthly and quarterly gains
Gold spiked to new record high ($3086) in early Friday trading, in extension of Thursday’s 1.2% advance.
The yellow metal is on track for the fourth consecutive weekly gain and also for the third straight bullish monthly close (over 7%…
Read More...
Read More...
USDJPY – bulls eye key technical barriers at 151.25/30
USDJPY is establishing above 150 support as fresh gains extend into second consecutive day and fully reverse Tuesday’s 0.7% drop.
Bulls cracked 151.00 level on Thursday and pressure pivotal barriers at 151.25/30 (Fibo 38.2% of…
Read More...
Read More...
Gold rises further on new US tariffs
Gold price rose to one week high on Thursday after President Trump announced a new package of tariffs on imported cars.
New addition to the set of reciprocal tariffs from the world’s largest economy, due to become operational on Apr 2,…
Read More...
Read More...
Unexpected drop in UK inflation in February is likely to be short-lived
British consumer prices rose by 2.8% year on year in February compared to 3.0% increase previous month, and fell below consensus for 2.9% rise
The main contributor to unexpectedly strong drop in inflation in February were footwear and…
Read More...
Read More...
Crude oil rises further on supply concerns, key barriers come under pressure
WTI oil price continues to trend higher for the sixth consecutive day and hit the highest in three weeks on Wednesday.
Stronger than expected drop in US crude stocks last week (API report) contributed to the latest acceleration higher,…
Read More...
Read More...