WTI oil price consolidates under new multi-week high, awaiting President Trump’s verdict on…
WTI oil price is trading under new five-week high ($72.08, posted on Tuesday) after the price rallied 2.8% on Monday (the biggest daily gain since Jan 15).
Slight easing so far looks more like a consolidation rather than stronger…
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Gold steady near new all-time high as markets await announcement of new US tariffs
Gold prices remain firm and hold above $3100 for the second consecutive day, after the metal hit new record high at $3149 on Tuesday.
Strong safe haven demand on high economic and geopolitical uncertainties continues to lift gold price,…
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Solid Eurozone manufacturing PMI in March boosts optimism, US tariffs loom
Eurozone Manufacturing Purchasing Managers' Index jumped to 48.6 in March from 47.6 previous month and came just below consensus at 48.7.
Fresh rise pushed the index value closer to 50 threshold that divides contraction from growth,…
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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…
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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…
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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…
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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…
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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…
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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%…
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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…
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