Bitcoin – bulls are taking a breather for consolidation / limited correction
Bitcoin eases on Monday, shifting focus towards the floor of near-term consolidation range (50500) established after larger bulls started to run out of steam and left fresh multi-month peak at 53017 (Feb 20).
Early signal of an uptrend’s…
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Oil price extends weakness on fading Fed rate cut expectations
WTI oil price fell further in early Monday trading, in extension of Friday’s 2.2% drop, as the sentiment soured on signals that higher than expected US inflation may delay Fed rate cuts.
Fresh weakness emerged after several upside…
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Geopolitical tensions continue to support gold price; markets focus on US inflation data
Gold stands at the front foot at the start of the week and holds near two-week high ($2041) posted on Friday.
Growing tensions in the Middle East and overall negative geopolitical picture, continue to fuel safe haven demand and boost…
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USDJPY – extended consolidation above trendline support to precede push towards key barriers
USDJPY edges lower on Friday as traders collect some profits ahead of the weekend but keeps overall bullish structure.
The pair is on track for another weekly gain and the second weekly close above 150 level, which will further boost…
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GBPUSD – bulls hold grip despite strong upside rejection on Thursday
Cable kept firm tone and extended advance on Friday, despite strong upside rejection the previous day which left the daily candle with long upper shadow, indicating that bulls might be running out of steam.
Fresh strength probes again…
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EURUSD – final close above 200DMA to strengthen near term structure
The Euro is holding within a narrow range on Friday but keeps slight bullish bias on strong positive momentum and the pair being on track for the first bullish weekly close in five weeks.
On the other hand, multiple failure to clear…
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Euro zone business activity showed slight signs of improvement in February – PMI
The euro zone services PMI jumped to 50.0 in February from January's 48.4, strongly overshooting consensus for 48.8, while manufacturing PMI dropped to 46.1 in February from 46.6 previous month beating expectations for a rise to 47.0.…
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Fed worries about cutting rates too soon but remains concerned about the downside risk to the…
The minutes of US the Federal Reserve's Federal Open Market Committee last policy meeting showed that policymakers remain concerned about the risks of cutting interest rates too soon, but also pointed to uncertainty about how long interest…
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WTI OIL price eases further, as US rate outlook offsets persisting Middle East worries
WTI oil extends pullback into second consecutive day after recent rally repeatedly failed to clearly break pivotal Fibo barrier at $78.13.
Subsequent easing is generating an initial signal of reversal and formation of a lower platform at…
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Dollar eyes FOMC minutes for fresh direction signal
The dollar index rose in in early trading on Wednesday, recovering losses from the previous day, driven by drop in global bond yields, as traders await release of FOMC minutes (due later today) for fresh signals.
Pullback from new…
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