GBPUSD – bulls gaining traction after a double rejection at 200DMA
Cable remains constructive in early Tuesday’s trading, after it was lifted by better than expected UK data on Monday and fading expectations for BOE rate cut in May.
Fresh recovery was also underpinned by a double downside rejection at…
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BTCUSD – recovery accelerates and adds to signals of an end of corrective phase
Recovery from correction low ($60688) extends into third consecutive day and accelerates on Monday, adding to signals that corrective phase from new record high ($73839) might be over.
Fresh advance rose above 61.8% Fibonacci retracement…
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USDJPY- bulls hold grip for further gains after consolidation
Bulls are taking a breather and consolidating just under key barriers at 150.90/94 (2023/22 tops) after strong rally in past two weeks.
USDJPY was inflated by a wide gap between US and Japan’s interest rates, with no positive impact from…
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Dollar keeps firm tone against its major world counterparts
The dollar index advances for the second consecutive day and hit three-week high on Friday, also on track for the second weekly gain.
Dollar’s bullish stance was boosted by persisting gap in interest rate settings between the Fed and its…
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Gold eases from new record high
Gold price eases further on Friday, extending pullback from new record high $2222 (posted on Thursday) after a strong upside rejection on probe above psychological $2200 barrier.
The yellow metal came under increased pressure from…
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Dovish BoE deflates pound
Cable was sharply down on Thursday (losing almost 1% so far) after BoE’s dovish shift deflated sterling while better than expected US data gave fresh boost to the dollar.
Fresh weakness has fully reversed recovery of past two days and…
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Bank of England keeps rates unchanged but sees improving conditions for rate cuts in coming months
The Bank of England left interest rate unchanged at its 16-year high at 5.25%, in a widely expected decision, but signaled that improving economic conditions add to hopes for the start of cutting rates later this year.
The MPC members…
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Euro zone business activity showed slight improvement in March – PMI
Euro zone business activity was closer to returning to growth in March, although the recovery was uneven as recovery in services activity accelerated, while strong downturn in manufacturing sector extended.
Eurozone composite…
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USDCHF spiked to 4-month high as SNB rate cut deflates Swiss franc
The USDCHF jumped 1% in early European session on Thursday, following a surprise decision of the Swiss National Bank to cut interest rates by 25 basis points, as markets widely expected the central bank to keep rates unchanged in today’s…
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Swiss National Bank surprised market by 25 basis points interest rate cut
The Swiss National Bank cut its main interest rate by 25 basis points to 1.50%, against wide expectations to keep rates on hold at 1.75%.
Surprise decision made the SNB the first major central bank to start easing tighter monetary…
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