Eurozone inflation rises less than expected in February
The data released on Wednesday showed that eurozone inflation for February was revised down to 2.3% from the initially reported 2.4%, primarily due to adjustments in Germany's data.
This aligns with earlier economist estimates and…
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USDJPY – near-term recovery faces headwinds from pivotal 150 resistance
USDJPY attacked again pivotal 150 barrier (psychological / bear-channel upper boundary / 30 DMA) in early Wednesday, offsetting initial negative signal from Tuesday’ bearish inverted hammer that was formed after strong upside rejection just…
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Canada’s inflation jumps well above expectations in February
Canada's annual inflation unexpectedly jumped to 2.6% in February, hitting the highest in eight months and rising above the midpoint of BoC’s 1%-3% target range for the first time in seven months, after 1.9% increase previous month and…
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Gold hits new historical high, on track for firm break of $3000
Gold surged through $3000 level again and hit new record high on Tuesday.
Worsening geopolitical situation on renewed attacks on Gaza area, deepening political crisis between the US and European Union and growing concerns of the…
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AUDUSD – bulls crack important barriers
AUDUSD rose to two-week high on Monday, continuing to benefit from weaker dollar and boosted by signals of China’s stimulus plan to boost domestic consumption.
Fresh bulls crack pivotal resistance zone at 0.6353/63 (100DMA /…
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EURUSD – bullish bias above 1.0800, all eyes on German debt vote on Tuesday
The Euro holds in extended consolidation under new 5-month high, following strong rally in past two weeks.
Technical picture remains bullish on daily chart, though overbought RSI and fading bullish momentum, keep in play risk of deeper…
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Gold cracks $3000 milestone
Gold broke above psychological $3000 barrier on Friday. Historical move through a milestone came a bit faster than expected, although I predicted this in my comments and live presentations last year, as a bigger picture, particularly…
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EURGBP – pullback needs to register close below key supports to validate reversal signal and…
EURGBP eases for the second day, with fresh weakness from new multi-month high being boosted by the latest threats that the US would impose 200% tariff in imports of wine from the EU, if the union does not ease tariffs on US whiskey.
The…
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Cable – bulls pause under 1.30 barrier but hold grip
Cable edged lower on Thursday but remains constructive near new multi-month high (1.2989) and psychological 1.3000 barrier.
Limited dips on Wednesday / today, support the notion, as weak dollar continues to underpin pound’s advance,…
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Gold price nears new record high as growing uncertainty continues to fuel safe haven demand
Gold price rose further on Thursday and pressure all-time high $2956 (Feb 24) after fresh post-US CPI acceleration took out last significant barriers at $2926/30.
Growing fears of economic slowdown on escalating trade war that…
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