Fed is widely expected to hold rates steady as elevated inflation continues to fade rate cut…
The US Federal Reserve ends its two-day policy meeting today with a new statement and comments from the central bank’s Chair Jerome Powell expected to give clearer sense of how recent disappointing inflation readings have changed the…
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Crude oil price continues to trend lower and pressure key support zone
WTI oil price remains in red for the third straight day, deflated by growing hopes of a ceasefire agreement in the Middle East and rising US crude inventories.
Also, stubbornly high US inflation continues to cool rate cut expectations…
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Dollar keeps firm tone in expectations of Fed’s further hawkishness
The dollar keeps firm tone and hit new multi-month high early Wednesday, after surging 0.56% on stronger than expected US data on Tuesday.
US employment cost index rose more than expected in the first three months, adding to signs of…
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Gold eases further ahead of Fed / NFP
Gold price came under fresh pressure on Tuesday and lost around 1.5% for the day so far, to crack pivotal $2300 zone (psychological / daily Kijun-sen / Apr 23 spike low).
Traders shift their focus to the key events of the week -Fed…
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Euro zone inflation steadies in April, adding to ECB rate cut case
Inflation in the eurozone remained unchanged at 2.4% in April, aligning with expectation, however, core inflation, which excludes volatile components like food, energy, alcohol, and tobacco, slowed to 2.7% from 2.9% in March, slightly…
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China factory and services activity slows in April – PMI
The latest data from China indicates a slowdown in growth across both the manufacturing and services sectors in April, signaling a loss of momentum for the world's second-largest economy at the beginning of the second quarter.
While solid…
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Bitcoin remains weak and nears key support zone; FOMC and NFP eyed for fresh direction signals
Bitcoin fell 2.5% on Monday, keeping weak near-term, as extension of the bear-leg from 67264 (Apr 23 lower top), brings in focus key supports at 60000 zone.
A cluster of strong supports between 60700 (daily cloud base), 60340 (Fibo 38.2%…
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USDJPY pulls back from new multi-decade top on suspected intervention
USDJPY cracked psychological 160 barrier and hit new multi-decade high early Monday, with subsequent sharp pullback to 155.00 zone on suspected intervention.
Fresh weakness cracked pivotal 155 support area (Friday’s low / 10DMA / Fibo…
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GBPUSD – recovery shows signs of stall
Strong recovery rally in past three days seems to be running out of steam on Friday, as the daily action was shaped in red candle with long upper shadow.
In addition, falling 20DMA repeatedly capped upside attempts, stochastic is…
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US inflation rises in line with expectations in March – PCE
The PCE price index, one of the Fed’s preferred inflation measures for its 2% target, increased 0.3% in March month on month, unchanged from the previous month and in line with expectations, with monthly inflation readings of 0.2% over time…
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